Kroger Company (KR) stock price recorded a decline in its latest intraday trading, following a collision with the resistance of its SMA50, which coincided with the stock testing the upper boundary of a short-term downward price channel that had previously contained its movements. In addition, negative signals have begun to emerge from the RSI after it reached extremely overbought levels, further intensifying the surrounding bearish pressure on the stock.

Therefore we expect the stock price to decline in upcoming trading, as long as the $64.25 resistance level remains intact, to target the key support at $58.60.

Today’s price forecast: Bearish

Zscaler, Inc. (ZS) stock price recorded gains in its latest intraday trading, driven by incoming positive signals from the RSI. However, on the other hand, the stock remains under negative and dynamic pressure from trading below its SMA50, and under the dominance of a short-term corrective downward trend, which forced the stock to trim part of its gains while attempting through this rise to recoup part of its previous losses.

Therefore we expect the stock price to decline in upcoming trading, as long as the $231.50 resistance level remains intact, to retest the key support at $204.70.

Today’s price forecast: Bearish

ServiceNow, Inc. (NOW) stock price recorded a decline in its latest intraday trading, amid continued negative pressure from trading below its SMA50, which reinforces the stability and dominance of the main medium-term downward trend. This comes alongside price action moving along a short-term minor trend line supporting this move. In addition, the RSI has reached extremely overbought levels compared to price action, suggesting the beginning of a negative divergence formation.

Therefore we expect the stock price to decline in upcoming trading, as long as the $142.65 resistance level remains intact, to target the $123.78 support level.

Today’s price forecast: Bearish

Palo Alto Networks, Inc. (PANW) stock price recorded a decline in its latest intraday trading, after colliding with the resistance of its SMA50, which forced the stock into this pullback. This comes amid the stock being affected by breaking below a main short-term upward trend line, alongside incoming negative signals from the RSI, despite the indicator reaching oversold levels.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the important $180.00 support level, to target the next support at $166.55.

Today’s price forecast: Bearish