Lululemon Athletica Inc. (LULU) rose slightly in its latest intraday trading, attempting to recover part of its earlier losses while also easing some of its oversold conditions on the RSI, with positive signals starting to appear. However, the stock remains pressured by trading below its 50-day SMA and is still dominated by a short-term descending trend line, reflecting the broader bearish control.
Therefore, we expect the stock to decline in the upcoming sessions, especially if it breaks below the current support at 159.75, targeting the next support level at 130.00.
Today’s price forecast: Bearish.
Goldman Sachs Group, Inc. (GS) continued to rise in its latest intraday trading, approaching our previous target at the resistance level of 816.00, preparing to test it. The stock remains supported by sustained movement above the 50-day SMA and is under the control of a medium-term uptrend, while trading along a short-term supporting trend line.
Therefore, we expect the stock to extend its gains in the upcoming sessions, especially if it breaks above 816.00, targeting the next resistance level at 880.00.
Today’s price forecast: Bullish.
D-Wave Quantum Inc. (QBTS) extended its gains in its latest intraday trading, confirming the breakout above the key resistance level of 20.50. The stock remains under the control of a medium-term uptrend while trading along a supporting trend line, further reinforced by sustained movement above the 50-day SMA. However, RSI indicators show an emerging bearish crossover after reaching heavily overbought levels, which could limit further upside momentum.
Therefore, we expect the stock to continue rising in the upcoming sessions, as long as it holds above 20.50, targeting the next resistance level at 30.00.
Today’s price forecast: Bullish.
American Airlines Group, Inc. (AAL) saw choppy intraday movements in its latest trading, as the stock attempts to establish a higher bottom that could provide the base for positive momentum and recovery. It is currently supported by the 50-day SMA, within the context of a short-term corrective uptrend and trading along a supportive trend line. In addition, a positive divergence has started forming on RSI after previously plunging into deeply oversold levels, with a fresh bullish crossover emerging.
Therefore, we expect the stock to rise in the upcoming sessions, as long as it holds above the support level of 12.15, targeting the key resistance at 14.00.
Today’s price forecast: Bullish.