Johnson & Johnson's stock (JNJ) skidded 1.96% in the last session after exiting an ascending price channel, while suffering from negative pressure from the 50-day SMA, settling thereafter at 159.70, amid the dominance of the downward correctional trend in the short term.
Therefore we expect more losses for the stock, targeting the support of 157.27, provided it settles below 161.88.
Expected trend for today: Bearish
Coca-Cola's stock (KO) rose 0.62% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum amid the dominance of the main upward trend in the medium term, with positive signals from the RSI, after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 57.52, provided the support of 54.84 holds on.
Expected trend for today: Bullish
McDonald's stock (MCD) returned higher with a 0.61% profit after the pivotal support of 249.90 held on, lending it positive momentum while trading alongside the main upward medium-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 257.39, provided it settles above 249.90.
Expected trend for today: Bullish
JPMorgan & Chase's stock (JPM) rose after leaning on the main upward medium-term trend line, with positive signals from the RSI after reaching oversold levels, lending it positive momentum and settling at 164.35, while attempting to shake off negative pressure from the 50-day SMA.
Therefore we expect the stock to rise and target the resistance of 167.25, provided the support of 160.00 holds on.
Expected trend for today: Bullish