Mattel, Inc. (MAT) declined in its latest intraday trading, as the stock attempts to build positive momentum that could help it recover and move higher again. This comes amid continued dynamic support from trading above its 50-period simple moving average, which strengthens the chances of a near-term rebound, especially with the main bullish trend dominating the short term and price action moving alongside major and minor supportive trendlines. In addition, a positive divergence has started to form on the RSI after it reached deeply oversold levels in an exaggerated manner compared to price action, accompanied by the emergence of positive signals.

Therefore we expect the stock price to rise in the upcoming intraday trading, as long as support at 19.72 holds, to target the key resistance level at 21.45.

Today’s price forecast: Bullish

Amazon.com, Inc. (AMZN) edged slightly lower in its latest intraday trading, as the stock attempts to build positive momentum that could help it resume its upward move. At the same time, it is working to relieve some of its overbought conditions on the RSI, especially with the early emergence of a negative crossover. This comes while the main bullish trend remains in control in the short term, with price action moving alongside a supportive upward trendline, in addition to benefiting from dynamic support provided by trading above its 50-period simple moving average.

Therefore we expect the stock price to rise in the upcoming intraday trading, as long as it holds above 226.30, to target the first resistance level at 242.50.

Today’s price forecast: Bullish

International Seaways, Inc. (INSW) advanced in its latest intraday trading, after finding support at a major short-term ascending trendline, which provided the stock with positive momentum. This momentum is reinforced by positive signals from the RSI, after previously reaching deeply oversold levels. However, on the other hand, the stock continues to face negative pressure due to trading below its 50-period simple moving average, which limits the chances of a sustained recovery in the near term.

Therefore we expect the stock price to rise in the upcoming intraday trading, as long as support at 47.60 holds, to target the resistance level at 50.65.

Today’s price forecast: Bullish

Revolve Group (RVLV) continued to advance in its latest intraday trading, supported by positive signals from the RSI, as a short-term corrective bullish trend remains in control with price action moving alongside an upward trendline. The stock is also benefiting from sustained positive support, as it continues to trade above its 50-period simple moving average, reinforcing the current upward bias.

Therefore we expect the stock price to rise further in the upcoming intraday trading, as long as support at 28.15 holds, to target the first resistance level at 32.60.

Today’s price forecast: Bullish