Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Johnson & Johnson sharpens decline - Analysis - 25-05-2023

Economies.com
2023-05-25 11:14AM UTC

Johnson & Johnson's stock (JNJ) fell in the intraday levels, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-SMA, marking a fresh loss of 0.10% in the last session, or 15 cents, and settling at 156.66, while the RSI reached oversold levels compared to the stock's movements, leading to even more upcoming losses. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 150.70, provided the resistance of 159.00 holds on.

 

Expected trend for today: Bearish

Snap stays flat - Analysis - 25-05-2023

Economies.com
2023-05-25 11:14AM UTC

Snap's stock traded little changed in the intraday levels after hitting the resistance of 9.80, while touching the resistance of the 50-day SMA, as it retested the upward correctional short-term trend line, with negative signals from the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence. 

 

Therefore we expect the stock to decline and target the first support at 8.90, provided the resistance of 9.80 holds on.

 

Expected trend for today: Bearish

ExxonMobil rises alongside main upward trend line - Analysis - 25-05-2023

Economies.com
2023-05-25 11:14AM UTC

ExxonMobil's stock (XOM) rose in the intraday levels after leaning on the support of the main upward medium-term trend line, lending the stock positive momentum and sending it 1.12% higher in the last session, or 1.19 points, and settling at 107.59, with positive signals from the RSI, countered by negative pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 119.60, provided the initial resistance of 111.00 is pierced. 

 

Expected trend for today: Bullish

Amazon starts recovering - Analysis - 25-05-2023

Economies.com
2023-05-25 11:13AM UTC

Amazon.Com's stock (AMZN) rose in the intraday levels amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA, marking a fresh profit of 1.53% in the last session, or 1.76 points, and settling at 116.75, amid negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 125.50, provided it settles above 114.00.

 

Expected trend for today: Bullish