Intel Corporation’s stock price (INTC) rose in the intraday levels while trying to pierce the important resistance of $24.66, amid the dominance of the upward correctional trend in the short term, with positive pressure due to trading above the 50-day SMA, while managing to vent off overbought saturation in the RSI.
Therefore we expect more gains for the stock, provided the resistance of $24.66 was reliably breached, thus targeting the next one at $29.85.
Trend forecast for today: Bullish
Harley-Davidson’s stock price (HOG) rose in the intraday levels, while hurt by piercing the main upward trend line in the medium term, with negative pressure from trading below the 50-day SMA, while the RSI reached overbought levels compared to the stock’s movements.
Therefore we expect the stock to return lower and target the pivotal support of $31.32, provided the resistance of $34.20 holds on.
Trend forecast for today: Likely Bearish
3M’s stock price (MMM) fell in the intraday levels under pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels, and amid the dominance of the main upward trend in the medium term.
Therefore we expect more losses for the stock, targeting the pivotal support of $124.50, which might provide enough momentum to prop the stock higher anew.
Trend forecast for today: Bearish
Coinbase Global’s stock price (COIN) extended its gains in the intraday levels, amid the dominance of the main upward trend in the medium and short terms, with positive pressure due to trading above the 50-day SMA, while venting off overbought saturation in the RSI.
Therefore we expect more gains for the stock, targeting the resistance of $368.40, provided the support of $283.50 holds on.
Trend forecast for today: Bullish