Johnson & Johnson’s stock price (JNJ) returned lower in latest intraday trading, amid the dominance of the downward wave in the short term, with ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic despite reaching oversold levels. 

Therefore we expect more losses for the price in upcoming trading, as long as the resistance of $157.00 holds on, targeting the pivotal support of $143.00 anew.

Today’s price forecast: Bearish

Home Depot’s stock price (HD) returned lower in latest intraday trading, after attempting to vent off oversold saturation in the Stochastic, but surrounding negative pressures are hindering more gains, while the price trades alongside the downward secondary trend line in the short term, with ongoing negative pressure due to trading below the 50-day SMA.

Therefore we expect the price to decline in upcoming trading, as long as the resistance of $259.40 holds on, targeting the pivotal support of $324.40.

Today’s price forecast: Bearish

AbbeVie’s stock price (ABBV) returned lower in latest intraday trading after recent advances to recoup some losses and vent off oversold saturation in the Stochastic, but selling forces now appear dominant, with ongoing negative pressure due to trading below the 50-day SMA.

Therefore we expect more losses for the price in upcoming trading, especially if the current support of $164.70 is breached, targeting the pivotal support of $153.70.

Today’s price forecast: Bearish

T-Mobile US stock price (TMUS) edged higher in latest intraday trading after the pivotal support of $248.00 held on, lending the price positive momentum which helped it rebound, amid the dominance of the main upward trend in the medium term as the price trades alongside the trend line, with positive signals from the Stochastic after reaching oversold levels, as the price tries to shake off negative pressure from the 50-day SMA, curbing recent gains. 

Therefore we expect the price to rise in upcoming trading, as long as it settles above the support of $248.00, targeting the resistance of $275.00.

Today’s price forecast: Bullish