Lyft, Inc. (LYFT) surged in its latest intraday trading after the pivotal support level at $18.85 held, providing the stock with positive momentum that helped it achieve these gains. This move was supported by the emergence of positive signals from the RSI indicators after they had reached extremely oversold levels. The stock is also trading under the dominance of the main medium-term ascending trend, moving alongside a supporting trendline. However, on the other hand, the stock continues to face negative pressure from trading below its 50-day SMA, which threatens the sustainability of any future gains.

Therefore we expect the stock price to rise in its upcoming trading, provided that the mentioned support level at $18.85 remains intact, targeting the nearby resistance level at $21.00, after which expectations turn neutral pending new signals.

Today’s price forecast: Bullish

FedEx Corporation (FDX) advanced in its latest intraday trading, supported by positive signals from momentum indicators after the stock succeeded in offloading its overbought conditions, giving it more room to extend gains. This comes amid the dominance of a short-term corrective uptrend, with the stock moving along a supportive trend line, while maintaining dynamic support from trading above its 50-day SMA.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the support level at $268.70, targeting the key resistance level at $304.75.

Today’s price forecast: Bullish

Lockheed Martin Corporation (LMT) advanced in its latest intraday trading, influenced by its earlier breakout from a short-term descending price channel that had previously constrained its movement. The stock also benefited from positive support as it continues to trade above its 50-day SMA, in addition to the emergence of a positive crossover from momentum indicators after successfully offloading its overbought conditions.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the support level at $462.25, targeting the resistance level at $509.55.

Today’s price forecast: Bullish

Manchester United PLC (MANU) closed unchanged in its latest session, after rising early in the session supported by positive signals from momentum indicators. However, the stock collided with the resistance of its 50-day SMA, coinciding with a retest of a main upward trend line that the stock had previously broken, which forced it to reverse lower and erase all of its early gains.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the resistance level at $16.50, targeting the pivotal support level at $15.00.

Today’s price forecast: Bearish