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Novavax retests upward correctional trend line - Analysis - 26-09-2023

Economies.com
2023-09-26 12:18PM UTC

Novavax's stock (NVAX) rose in the intraday levels, with positive signals from the RSI after reaching oversold levels, as the stock vents off some oversold saturation, while retesting the upward correctional trend line that was breached previously, amid negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 5.60, provided the support of 7.00 was breached. 

 

Expected trend for today: Likely Bearish

 

 

 

Rivian tries to vent off oversold saturation - Analysis - 26-09-2023

Economies.com
2023-09-26 12:17PM UTC

Rivian Automotive's stock (RIVN) rose in the intraday levels, while recouping some recent losses, as it also vents off oversold saturation in the RSI, while the stock trades alongside the downward trend line in the short term, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the first support at 19.50, provided the resistance of 23.25 holds on.

 

Expected trend for today: Likely Bearish

Illumina deepens losses - Analysis - 26-09-2023

Economies.com
2023-09-26 12:17PM UTC

Illumina's stock (ILMN) kept falling 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 despite reaching oversold levels.

 

Therefore we expect the stock to decline and target the support of 126.85. 

 

Expected trend for today: Bearish

 

 

 

Western digital driven lower by pivotal resistance - Analysis - 26-09-2023

Economies.com
2023-09-26 12:17PM UTC

Western Digital Corporation's stock (WDC) fell in the intraday levels, after the pivotal resistance of 45.25 held on, while gathering momentum to pierce that resistance, amid the dominance of the upward correctional trend in the medium term, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 50.40, provided the resistance of 45.25 was breached. 

 

Expected trend for today: Likely Bullish