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Marvel Technology witnesses spikes in trading volumes - Analysis - 26-05-2023
Marvel Technology's stock (MRVL) surged in the intraday levels while buoyed by piercing the downward medium-term trend line previously, with positive support from the 50-day SMA, marking a strong profit of 7.59% in the last session, or 3.49 points, and settling at 49.47, accompanied with a huge spike in trading volumes, with the stock tackling the important resistance of 49.30, with negative signals from the RSI after reaching overbought levels, hindering the advance.
Therefore we expect more gains for the stock, targeting the resistance of 58.40, provided the initial resistance of 58.40 is reliably breached.
Expected trend for today: Bullish
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Broadcom surges - Analysis - 26-05-2023
Broadcom's stock (AVGO) rallied in the intraday levels, marking a new high after a profit of 7.25% in the last session, or 49.27 points, and settling at 728.80, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels.
MoreApple readies to tackle important resistance - Analysis - 26-05-2023
Apple's stock (AAPL) returned higher in the intraday levels amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, readying to tackle the important resistance of 176.15, and marking a profit of 0.67% in the last session, or 1.15 points, while settling at 172.99, as the RSI reached oversold levels compared to the stock's movements.
MoreAffirm Holdings tries to vent off overbought saturation - Analysis - 26-05-2023
Affirm Holdings' stock (AFRM) fell in the intraday levels, while gathering positive momentum to rise anew, while venting off overbought saturation in the RSI amid negative signals out of them, marking a loss of 4.13% in the last session, or 49 cents, and settling at 13.71, amid the dominance of the upward correctional short-term wave, with positive pressure from the 50-day SMA.
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