Micron Technology’s stock price (MU) fell in the last session with ongoing negative pressure due to trading below the 50-day SMA, and amid the dominance of the main downward trend in the medium and short terms, with negative signals from the Stochastic after reaching overbought levels compared to the price’s movements.
Therefore we expect more losses for the price, targeting the support of $61.75 once more, provided the resistance of $84.10 holds on.
Today’s price forecast: Bearish
Applied Materials’ stock price (AMAT) fell in latest intraday trading, amid the dominance of the main downward trend, as the price trades alongside the secondary short-term trend line, while a negative divergence forms in the Stochastic after reaching overbought levels compared to the price’s movements, and with constant negative pressure due to trading below the 50-day SMA.
Therefore we expect more losses for the price, provided the resistance of $159.00 holds on, targeting the support of $123.75.
Today’s price forecast: Bearish
Kroger Company’s stock price (KR) rose anew in latest intraday trading, boosted by trading above the 50-day SMA, with positive signals streaming from the Stochastic after it reached oversold levels, and amid the dominance of the main upward trend as the price trades alongside the short-term trend line.
Therefore we expect more gains for the price, targeting the important resistance of $71.93, provided the support of $65.50 holds on.
Today’s price forecast: Bullish
Zscaler’s stock price (ZS) edged lower in the intraday levels, ending a volatile session, at which it tried to collect recent profits and gather momentum to rise anew, while venting off overbought saturation in the Stochastic, as positive signals emerged from it.
It comes amid the dominance of the upward trend, as the price trades above the 50-day SMA, boosting the positive scenario even further.
Therefore we expect the price to return higher, targeting the pivotal resistance of $217.00, provided the support of $190.50 holds on.
Today’s price forecast: Bullish