Marvell Technology (MRVL) stock saw a slight decline in its latest intraday trading, as it attempts to gain positive momentum that may help it rise again. This comes under the control of a short-term corrective upward trend, with trading along a supporting trend line, benefiting from the positive support of trading above the previous 50-day SMA. In addition, we note the arrival of positive signals from RSI indicators after reaching oversold areas.
Therefore, we expect the stock to rise in its upcoming trading, as long as support at 73.40 remains intact, targeting the key and near resistance level of 83.25 in preparation to attack it.
Today’s price forecast: Bullish
Affirm Holdings (AFRM) stock saw a slight decline in its latest intraday trading, as it attempts to gain positive momentum that may help it attack the key resistance level of 80.70. This comes while trading along a short-term upward trend line, with continued dynamic support from trading above the previous 50-day SMA. In the background, we also note the beginning of positive signals from RSI indicators, after the stock successfully relieved its overbought conditions.
Therefore, we expect the stock to rise in its upcoming trading, especially if it breaks through the mentioned resistance of 80.70, targeting the next resistance level at 96.60.
Today’s price forecast: Bullish
Agilent Technologies, Inc. (A) stock saw a slight decline in its latest session, allowing it to gather positive momentum that may help it recover and rise again. This comes after it successfully overcame the negative pressure of the previous 50-day SMA in earlier trading, within the context of a short-term corrective uptrend and trading along an upward sloping line, supported by positive signals from RSI indicators, despite reaching overbought levels.
Therefore, we expect the stock to rise in its upcoming trading, as long as support at 110.75 holds, targeting the key resistance level of 127.90 in preparation to test it.
Today’s price forecast: Bullish
QUALCOMM Incorporated (QCOM) stock continued to climb in its latest intraday trading, benefiting from dynamic support provided by trading above its previous 50-day SMA. The move was fueled by positive signals from RSI indicators, all within the context of a short-term corrective uptrend and trading along an upward sloping line supporting this path.
Therefore, we expect the stock to rise in its upcoming trading, targeting the key and near resistance level of 163.60 in preparation to test it.
Today’s price forecast: Bullish