Marvell Technology, Inc. (MRVL) stock price recorded a decline in its latest intraday trading, with price action moving along a short-term minor downward trend line. This comes amid continued negative pressure from trading below its SMA50, which limits the chances of a full recovery in the near term, especially with incoming negative signals from the RSI after it reached extremely overbought levels in an exaggerated manner compared to price action, indicating a negative divergence.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the important $79.00 support level, to target the next support at $68.55.

Today’s price forecast: Bearish

Affirm Holdings, Inc. (AFRM) stock price recorded a continued decline in its latest intraday trading, after being previously affected by breaking below a main short-term upward trend line. This comes alongside ongoing negative pressure from trading below its SMA50, which intensifies the surrounding bearish pressure. However, on the other hand, a positive crossover has begun to appear on the RSI after it reached extremely oversold levels, which could help limit part of the near-term losses.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the key support level at $60.30, to target the next support at $52.70.

Today’s price forecast: Bearish

Agilent Technologies, Inc. (A) stock price recorded gains in its latest intraday trading, as the stock attempts to recoup part of its previous losses. However, it remains affected by breaking below a main short-term upward trend line, alongside continued negative pressure from trading below its SMA50, which limits the chances of a sustainable recovery in the near term, especially with incoming negative signals from the RSI, despite the indicator reaching extremely oversold levels.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the current $129.65 support level, to target the next support at $120.80.

Today’s price forecast: Bearish

Qualcomm Incorporated (QCOM) stock price recorded a continued decline in its latest intraday trading, amid ongoing negative pressure from trading below its SMA50. The stock was previously affected by breaking below a main medium-term upward trend line, which increases the surrounding bearish pressure, especially with incoming negative signals from the RSI after the stock managed to unwind its oversold conditions, opening the way for further near-term losses.

Therefore we expect the stock price to decline in upcoming trading, as long as the $159.10 resistance level remains intact, to target the important support at $144.10.

Today’s price forecast: Bearish