Nike, Inc (NKE) stock rose again in its latest intraday trading, supported by continued positive momentum from trading above its 50-day SMA. The stock remains under the influence of a short-term corrective uptrend, trading along an ascending trendline. Additionally, the Relative Strength Index has reached extremely oversold territory relative to the stock’s movement, which strengthens the potential for further gains.

Therefore we expect the stock to rise in upcoming sessions, as long as support at $69.70 holds, targeting the key resistance level at $81.20.

Today’s price forecast: Bullish.

Baidu, Inc (BIDU) stock rose in its latest intraday trading, supported by a rebound from the 50-day SMA, which provided positive momentum driving the recent gains. This move also coincided with support from a short-term corrective uptrend line, further reinforcing the upward momentum. Additionally, a bullish crossover is starting to appear in the Relative Strength Index after it reached extremely oversold levels relative to the stock’s price movement.

Therefore we expect the stock to rise in upcoming sessions, provided support at $83.30 holds, targeting the key resistance level at $95.15.

Today’s price forecast: Bullish.

United States Steel Corporation (X) stock surged higher in its latest intraday trading, under full control of a prevailing upward trend and trading along a supportive ascending trendline. Positive momentum continues as the stock remains above its 50-day SMA. Additionally, a bullish divergence is beginning to form in the Relative Strength Index, after it reached extremely oversold levels relative to the stock's price movement, with early signs of a positive crossover.

Therefore we expect the stock to rise in upcoming sessions, as long as support at $50.20 holds, targeting the key resistance level at $56.55 in preparation to challenge it.

Today’s price forecast: Bullish.

Monster Beverage Corporation (MNST) stock rose in its latest intraday trading, attempting to recover part of its previous losses and relieve its clearly oversold RSI conditions, especially as bullish signals begin to emerge. However, the stock remains under the influence of a short-term corrective downtrend and continues to face negative pressure from trading below the 50-day SMA, reinforcing the bearish outlook in the near term.

Therefore we expect the stock to decline in upcoming sessions, as long as resistance at $61.25 holds, targeting the support level at $56.70.

Today’s price forecast: Bearish.