Lockheed Martin Corporation's stock (LMT) rallied in the intraday levels after leaning on the support of the 50-day SMA, while leaning on the upward trend line in the short term, as it also marked a profit of 2.11% in the last session, or 9.83 points, while settling at 475.70, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels compared to the stock's movements, hinting at positive divergence.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 498.95, provided the support of 462.60 holds on.
Expected trend for today: Bullish
Advanced Micro Devices' stock (AMD) declined in the intraday levels on profit-taking, while gathering momentum to rise anew, as it also vented off overbought saturation in the RSI after negative signals out of them, with the stock marking a loss of 1.05% in the last session, or 1.03 points, and settling at 96.81.
The decline comes amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 101.94, provided the support of 88.94 holds on.
Expected trend for today: Bullish
Airbnb's stock (ABNB) returned higher in the intraday levels, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI after reaching oversold levels, while benefiting from trading above the 50-day SMA, posting a profit of 0.21% in the last session, or 25 cents, while settling at 118.40.
Therefore we expect more gains for the stock, targeting the first resistance at 125.50, provided the support of 111.50 holds on.
Expected trend for today: Bullish
Brent oil price shows strong positive trades now to attack 74.14 level and attempts to hold above it, to hint the attempt to achieve more bullish correction, noting that holding above this level will push the price to 76.55 as a next positive station.
The price needs to trade below 74.14 again to revive the expected bearish trend on the intraday and short term basis, noting that the expected targets of the bearish wave begin at 72.15 and extend to 70.00.
The expected trading range for today is between 72.50 support and 75.20 resistance.
The expected trend for today: Bearish