Microsoft’s stock price (MSFT) rose in the intraday levels while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI, while hurt by piercing the main upward trend line in the medium term, with negative pressure from trading below the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of $390.00, provided it settles below $433.60.

Trend forecast: Likely Bearish 

Baidu’s stock price (BIDU) inched up in the intraday levels while trying to recoup some recent losses, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect the stock to return lower, targeting the support of $81.00, provided the resistance of $94.25 holds on.

Trend forecast: Likely Bearish 

United States Steel Corporation’s stock price (X) extended its gains in the intraday levels, amid positive pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of $42.66, provided the support of $36.40 holds on.

Trend forecast: Bullish

Monster Beverage Corporation’s stock price (MNST) rose in the intraday levels, touching the resistance of the 50-day SMA, amid the dominance of the downward short-term trend line, with positive signals from the RSI. 

Therefore we expect the stock to return lower, targeting the pivotal support of $47.70, provided it settles below the resistance of $52.00.

Trend forecast: Likely Bearish