Nike, Inc. (NKE) stock rose in its latest intraday trading, attempting to recover part of its previous losses while also trying to ease its oversold conditions on the relative strength indicators, where a bullish crossover has begun to appear. However, continued negative pressure persists from trading below the previous 50-day SMA, with the stock moving along a short-term descending line that reinforces the bearish outlook.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $64.85 holds, targeting the support level of $59.20.

Today’s stock forecast: Bearish.

Baidu, Inc. (BIDU) stock declined in its latest intraday trading as the stock attempts to gain positive momentum that could help it recover and rise again, supported by dynamic backing from trading above the previous 50-day SMA and within the dominance of the main short-term bullish trend. Additionally, positive signals have started to reappear on the relative strength indicators after the stock successfully eased its previous overbought conditions.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the key support level of $116.45 holds, targeting the first resistance level at $130.00 in preparation to test it.

Today’s stock forecast: Bullish.

Monster Beverage Corporation (MNST) stock jumped higher in its latest intraday trading after rebounding from support at its previous 50-day SMA, which provided renewed positive momentum. This move was also supported by the formation of a bullish divergence on the relative strength indicators, followed by emerging positive signals, all while the main medium-term bullish trend remains dominant with trading aligned along an ascending line that reinforces this direction.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $65.85 holds, targeting the key resistance level of $70.70.

Today’s stock forecast: Bullish.

ASML Holding N.V. (ASML) stock rose in its latest intraday trading after successfully easing its overbought conditions on the relative strength indicators, giving it more room to record additional gains in the near term. This comes amid continued positive momentum from trading above the previous 50-day SMA and under the dominance of the main short-term bullish trend.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as it remains above the support level of $997.65, targeting the key resistance level of $1,086.00.

Today’s stock forecast: Bullish.