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Nike declines in volatile session - Analysis - 26-10-2020

Economies.com
2020-10-26 12:34PM UTC

Nike's stock (NKE) fell 0.02% in the last session while gathering momentum to help it rise anew, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect the stock to return higher and target the resistance of 133.62, provided the support of 120.67 holds on. 

 

Expected trend for today: Bullish 

Oracle receives positive support - Analysis - 26-10-2020

Economies.com
2020-10-26 12:33PM UTC

Oracle's stock (ORCL) rose 0.35% in the last session after gaining momentum and leaning on the support of the 50-day SMA, while testing the main upward trend line in the medium term, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the record resistance of 63.35, provided the support of 59.25 holds on.

 

Expected trend for today: Bullish 

Adobe strives for recovery - Analysis - 26-10-2020

Economies.com
2020-10-26 12:33PM UTC

Adobe Systems' stock (ADB) fell 0.61% in the last session as the support of 477.17 held on, with the stock leaning on the main upward medium-term trend line, while leaning on the support of the 50-day SMA, with positive signals from the RSI. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 534.14, provided the support of 477.17 holds on. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 26-10-2020

Economies.com
2020-10-26 09:19AM UTC

Wheat price shows bearish bias now to test the key support 620.00, and the price needs to hold above this level to keep the bullish trend valid for today, as breaking it will press on the price to achieve additional decline that reaches 613.50 before turning back to rise again, while the price needs to get positive momentum to assist to push trades to resume the bullish trend that its next main targets located at 636.30 followed by 640.00.

 

The expected trading range for today is between 624.00 support and 636.00 resistance.

The expected trend for today: Bullish