Mastercard Incorporated (MA) stock price recorded a decline in its latest intraday trading, as the stock remains affected by exiting the range of a short-term upward sub price channel that had previously contained its movements. This comes amid continued negative pressure from trading below its SMA50, which limits the stock’s recovery prospects 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, as long as it remains stable below the $553.00 resistance level, to target the key support at $527.50.

Today’s price forecast: Bearish

Exxon Mobil Corporation (XOM) stock price recorded a renewed rise in its latest intraday trading, amid continued dynamic support from trading above its SMA50, which reinforces the strength and dominance of the main short-term upward trend, with price action moving along a supportive trend line. In addition, positive signals continue to emerge from the RSI, supporting the current upward momentum.

Therefore we expect the stock price to rise in upcoming trading, as long as it remains stable above the $126.35 level, to target the first resistance at $133.40.

Today’s price forecast: Bullish

Costco Wholesale Corporation (COST) stock price recorded further gains in its latest intraday trading, influenced by breaking above a main short-term downward trend line, while benefiting from dynamic support represented by trading above its SMA50, which enhances the chances of extending the stock’s gains in the coming period. However, on the other hand, a negative crossover has begun to appear on the RSI after it reached extremely overbought levels, which could limit the stock’s upcoming gains.

Therefore we expect the stock price to rise in upcoming trading, as long as the $926.35 support level holds, to target the important resistance at $991.75.

Today’s price forecast: Bullish

NVIDIA Corporation (NVDA) stock price recorded a pullback in its latest intraday trading, as the stock attempts to build positive momentum that could help it recover and move higher again. With this decline, the stock leaned on the support of its SMA50, under the dominance of the main medium-term upward trend. In addition, a positive divergence has begun to form on the RSI after it reached extremely oversold levels in an exaggerated manner compared to price action, alongside the start of incoming positive signals.

Therefore we expect the stock price to rise in upcoming trading, as long as the $182.35 support level holds, to target the first resistance at $195.65, with strong chances for a breakout.

Today’s price forecast: Bullish