MicroStrategy Incorporated’s stock price (MSTR) returned higher in the intraday levels, buoyed by trading above the 50-day SMA, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the first resistance at $437.60, provided the support of $317.00 holds on.

Trend forecast for today: Bullish 

Palo Alto Networks’ stock price (PANW) rose in the intraday levels while trying to recoup some recent losses, as it also tried to vent off oversold saturation in the RSI with positive signals coming out of it, while hurt by piercing the secondary upward trend line in the short term, with negative pressure from trading below the 50-day SMA. 

Therefore we expect the stock to return lower, provided it settles firmly below the resistance of $192.00, thus targeting the support of $178.00.

Trend forecast for today: Likely Bearish 

Dick’s Sporting Goods’ stock price (DKS) extended the gains in the intraday levels amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $239.30, provided the support of $206.60 holds on.

Trend forecast for today: Bullish 

Adobe’s stock price (ADBE) inched higher in the intraday levels while trying to recover some recent losses, while also trying to vent off oversold saturation in the RSI amid positive signals out of it, amid the dominance of the main downward trend in the medium term, with negative pressure due to trading below the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of $433.97, provided the resistance of $471.12 holds on.

Trend forecast for today: Likely Bearish