Johnson & Johnson (JNJ) stock price recorded a slight pullback in its latest intraday trading, as the stock took profits from its previous gains while attempting to build positive momentum that could help it maintain the main short-term upward trend, especially with price action moving along a supportive trend line. At the same time, the stock is trying to unwind part of its clear overbought conditions on the RSI, particularly with the beginning of a negative crossover, despite continued dynamic support from trading above its SMA50.

Therefore we expect the stock price to rise in upcoming trading, as long as the $207.80 support level holds, to target the first resistance at $223.90.

Today’s price forecast: Bullish

Home Depot, Inc. (HD) stock price recorded a decline in its latest intraday trading, as the stock took profits from its previous gains while attempting to unwind part of its clear overbought conditions on the RSI, especially with the beginning of incoming negative signals. Through this pullback, the stock is trying to rebuild positive momentum that could help it recover and move higher again, under the dominance of a short-term upward sub-wave and following its earlier breakout above a downward trend line, alongside continued positive support from trading above its SMA50, which enhances the chances of a near-term recovery.

Therefore we expect the stock price to rise in upcoming trading, especially as long as it remains stable above the $366.30 support level, to target the $394.35 resistance level.

Today’s price forecast: Bullish

AbbVie Inc. (ABBV) stock price recorded a continued decline in its latest intraday trading, amid ongoing negative pressure from trading below its SMA50, alongside incoming negative signals from the RSI, despite the indicator reaching extremely oversold levels. With this latest drop, the stock confirmed a break below a main short-term upward trend line, which further intensifies the bearish pressure surrounding its upcoming movements.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the key support level at $211.70, to target the next support at $199.00.

Today’s price forecast: Bearish

T-Mobile US, Inc. (TMUS) stock price recorded a continued decline in its latest intraday trading, amid the dominance of the main medium-term downward trend, with price action moving along a short-term minor trend line supporting this move. This comes alongside continued negative pressure from trading below its SMA50, which limits the stock’s chances of achieving a sustainable recovery in the near term, in addition to incoming negative signals from the RSI, despite the indicator reaching oversold levels.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains stable below the $194.00 resistance level, to target the $176.00 support level.

Today’s price forecast: Bearish