Kroger Company (KR) extended its gains in its latest intraday trading, successfully breaking above the resistance of its previous 50-day SMA, accompanied by the early emergence of a positive crossover on the RSI indicators after the stock managed to relieve its overbought saturation. This provides wider room for further near-term gains, allowing the price to attack the upper boundary of a descending corrective price channel that has been containing its recent short-term movement.

Therefore we expect the stock to rise in its upcoming trading, provided it remains above the support level of $64.85, targeting the important resistance level of $69.80.

Today’s price forecast: Bullish

Zscaler Inc. (ZS) slid lower in its latest intraday trading under the dominance of a short-term corrective downward wave, accompanied by sustained negative pressure from trading below its previous 50-day SMA. This led to a break of the pivotal support level at $260.40, accompanied by a significant increase in trading volumes, indicating the technical validity of this breakdown. This comes especially with the emergence of a negative crossover on the RSI indicators after the stock successfully relieved part of its oversold saturation.

Therefore we expect the stock to decline in its upcoming trading, especially as long as it remains below $260.40, targeting the first support level at $235.65.

Today’s price forecast: Bearish

ServiceNow (NOW) declined in its latest intraday trading, under the dominance of the main medium-term descending trend, with the price moving alongside a short-term secondary trendline. Continuous negative pressure persists as the stock trades below its previous 50-day SMA. In addition, we note that the RSI indicators have reached extremely overbought levels compared to the stock’s movement, suggesting the early formation of a negative divergence.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $840.00, targeting the support level of $742.40.

Today’s price forecast: Bearish

Palo Alto Networks (PANW) resumed its decline in its latest intraday trading, pressured by continued negative momentum resulting from trading below its previous 50-day SMA. This confirms the break of a main medium-term ascending trendline, which further intensifies the bearish pressure surrounding the price, especially after it successfully relieved part of its oversold saturation on the RSI indicators.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $193.10, targeting the support level of $172.75.

Today’s price forecast: Bearish