Lennar Corporation (LEN) stock price recorded gains in its latest intraday trading, following the stabilization of the key support level at $102.80, which provided the stock with some positive momentum that helped it achieve these gains in an attempt to recoup part of its previous losses. This comes despite the dominance of the main short-term downward trend, alongside continued negative pressure from trading below its SMA50. In addition, negative crossover signals have started to emerge from the RSI after reaching extremely overbought levels in an exaggerated manner compared to the stock’s price action, suggesting the beginning of a negative divergence formation.

Therefore we expect the stock price to decline in upcoming intraday trading, especially if it breaks below the $102.80 support level, to target the next support at $97.00.

Today’s price forecast: Bearish

Advanced Micro Devices Inc. (AMD) stock price recorded further gains in its latest intraday trading, supported by its continued trading above its SMA50, which represents dynamic support enhancing the chances of extending gains in the short term. The stock is currently testing the key resistance level at $224.65, amid the dominance of the main upward trend and price action moving along a supportive minor trend line, while positive crossover signals have begun to appear from the RSI after the stock managed to unwind its overbought conditions, giving it more room to achieve additional gains in the coming period.

Therefore we expect the stock price to rise in upcoming trading, especially if it succeeds in breaking above the $224.65 resistance level, to target the next resistance at $241.95.

Today’s price forecast: Bullish

ConocoPhillips (COP) stock price recorded sharp gains in its latest intraday trading, as at the time of writing the stock rose by $5.60 in pre-market trading to settle at $102.40. This move confirms a breakout above the key resistance level at $99.65, which had been our price target in previous analyses, amid continued dynamic support from trading above its SMA50 and under the control of the main short-term upward trend, with prices moving along a supportive trend line.

Therefore we expect the stock price to continue rising in upcoming trading, especially if the breakout above the $99.65 resistance level is confirmed, to target the next resistance at $108.00.

Today’s price forecast: Bullish

AT&T Inc. (T) declined in its latest intraday trading after colliding with resistance at its 50-day SMA, which exposed the stock to mounting negative pressure. This pressure intensified with the emergence of negative signals from the RSI after reaching severely overbought levels, exaggerated relative to price action, while the main bearish trend continues to dominate the short term.

Therefore we expect the stock price to decline in the upcoming trading sessions, as long as resistance at $25.00 holds, to target the key support level at $24.00.

Today’s price forecast: Bearish