Nike emits more negative signals - Analysis - 19-10-2022
Nike's stock (NKE) fell in the intraday levels, amid negative pressure from the 50-day SMA, with the dominance of the main downward medium-term trend, with negative divergence forming in the RSI after reaching overbought levels compared to the stock's movements.
Therefore we expect more losses for the stock, targeting the support of 76.20, provided the resistance of 99.50 holds on.
Expected trend for today: Bearish
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Coca-Cola extends gains - Analysis - 19-10-2022
Coca-Cola's stock (KO) rose for another session amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional short-term wave, with negative signals from the RSI after reaching overbought levels, hinting at negative divergence.
Therefore we expect the stock to return lower, targeting the support of 54.14, provided it settles below the resistance of 57.86.
Expected trend for today: Bearish
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Comcast declines anew - Analysis - 19-10-2022
Comcast Corporation's stock (CMCSA) returned lower in the intraday levels amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the first support at 27.30, provided the support of 30.00 was reliably surpassed.
Expected trend for today: Bearish
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Nucor touches SMA resistance - Analysis - 19-10-2022
Nucor Corporation's stock (NUE) rose in the intraday levels, touching the resistance of the 50-day SMA, while trading alongside the downward correctional short-term trend line, with negative signals from the RSI after reaching overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, targeting the pivotal support of 100.00, provided it settles below 131.90.
Expected trend for today: Bearish
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