Johnson & Johnson's stock (JNJ) rose in the intraday levels, scoring a profit of 0.74% in the last session, or 0.97 points, while settling below the resistance of 133.42, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 94.28 to 148.32), with negative signals from the RSI, coupled with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, as long as the resistance of 133.42 holds on, targeting the support of 128.82, which represents the ratio 50% of the same retracement levels.
Nike's stock (NKE) rose in the intraday levels, scoring a new profit of 1.66% in the last session, or 1.09 points, after leaning on the support of the 50-day SMA, with positive signals from the RSI, coupled with the dominance of the main upward short-term trend.
Therefore we expect more gains for the stock, as long as the support of 65.19 holds on, targeting the important resistance of 70.25.
Walmart Stores' stock (WMT) rose in the intraday levels, scoring a profit of 0.57% in the last session, or 0.50 points, amid negative pressure from the 50-day SMA, while settling below the resistance of 89.47, which represents the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the long term (from 56.30 to 109.98).
Therefore we expect the stock to return lower, targeting the next support at 83.14, which represents the ratio 50% of the same retracement levels, as long as it settles below the resistance of 89.47.
ExxonMobil's stock (XOM) kept falling in the intraday levels, recording a new loss of 0.22% in the last session, or 0.16 points, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, while the RSI reached extremely overbought levels compared to the stock's movements.
Therefore we expect more losses for the stock, as long as the resistance of 76.06 holds on, targeting the support of 72.51.