Johnson & Johnson's stock (JNJ) kept falling after piercing the main upward trend line recently, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, recouping some recent losses.
Therefore we expect more losses for the stock, targeting the support of 161.88, provided the resistance of 172.70 holds on.
Expected trend for today: Bearish
JPMorgan & Chase's stock rose at the opening after leaning on the main upward medium-term trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to rise and target the pivotal resistance of 167.30, provided the support of 157.27 holds on.
Expected trend for today: Bullish
Coca-Cola's stock (KO) rose in the intraday levels after leaning on the main upward medium-term trend line, while seeking a bottom to bounce it higher anew, while suffering negative pressure from the 50-day SMA, with negative signals from the RSI.
Therefore we expect the stock to rise and target the pivotal resistance of 57.50, provided the support of 55.95 holds on.
Expected trend for today: Bullish
McDonald's stock (MCD) rose in the intraday levels, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 246.65, provided the support of 237.80 holds on.
Expected trend for today: Bullish