Meta Platforms’ stock price advanced in latest intraday trading, while hurt by piercing the main upward trend line in the medium term, with negative signals from the Stochastic as the price tries to recoup some recent losses, accompanied by a surge in trading volumes, which created volatility.
Therefore we expect the price to return lower in upcoming trading, especially if the support of $495.60 was breached, targeting the next one at $442.65.
Today’s price forecast: Bearish
Microsoft’s stock price (MSFT) tumbled in latest intraday trading, amid the dominance of the downward correctional trend in the short term, while trading alongside the secondary trend line, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic despite reaching oversold levels.
Therefore we expect more losses for the price in upcoming trading, provided it settles firmly below $367.00, targeting the first support at $340.85.
Today’s price forecast: Bearish
Intel’s stock price (INTC) fell in latest intraday trading, amid the dominance of the main downward trend in the medium term as the price trades alongside the trend line, with negative pressure due to trading below the 50-day SMA, as the price thus approaches the pivotal support of $18.75, with positive signals emerging from the Stochastic after reaching oversold levels, curbing losses.
Therefore we expect the price to decline in upcoming trading, especially if the support of $18.75 was reliably breached, targeting the first support at $16.00, with a high chance of a rebound to recoup some losses and retest the resistance of $22.40.
Today’s price forecast: Bearish
Broadcom’s stock price (AVGO) rose in latest intraday trading, accompanied by a surge in trading volumes, while trying to recoup some recent losses, as it also vents off oversold saturation in the Stochastic with positive signals streaming out of it, while the price was previously hurt by piercing the main upward trend line in the medium term, extending the downward correctional trend in the short term.
Therefore we expect the price to return lower in upcoming trading, as long as it settles firmly below $157.55, targeting the support of $128.50.
Today’s price forecast: Bearish