Novavax’s stock price (NVAX) fell in the intraday levels on profit-taking, while gathering momentum to rise anew, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return higher, targeting the resistance of $23.86, provided the support of $14.16 holds on.

Trend Forecast: Likely Bullish 

ExxonMobil Corporation’s stock price (XOM) gave up to negative pressures in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI as the stock managed to vent off oversold saturation.

Therefore we expect more losses for the stock, targeting the support of $105.00, provided the resistance of $114.00 holds on.

Trend Forecast: Bearish 

Amazon’s stock price (AMZN) inched down in the intraday levels on profit-taking, while gathering positive momentum to rise anew, after shaking off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the short-term, with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of $190.00. 

Trend Forecast: Likely Bullish 

Schlumberger’s stock price (SLB) rose in the intraday levels while trying to recoup some recent losses, while trying to vent off oversold saturation in the RSI with positive signals coming out of them, amid the dominance of the main downward trend in the medium-term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of $42.73, provided the resistance of $47.17 holds on.

Trend Forecast: Likely Bearish