Nu Holdings Ltd. (NU) stock settled lower in its latest intraday trading, breaking below the support of its previous 50-day SMA, which exposes it to increased negative pressure under the dominance of a short-term corrective bearish wave. This is further supported by negative signals from the relative strength indicators, despite stabilizing in extremely oversold areas.

Therefore, we expect the stock to decline in its upcoming trading sessions, especially as long as it remains below $15.16, targeting the support level of $14.08.

Today’s stock forecast: Bearish.

Enphase Energy, Inc (ENPH) stock declined in its latest intraday trading, under the dominance of the main medium-term bearish trend, as it moves around the axis of its previous 50-day SMA, which acts as dynamic resistance limiting the chances of a near-term recovery. This comes alongside the beginning of a bearish crossover appearing on the relative strength indicators after reaching excessively overbought levels compared to the price movement.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $43.25 holds, targeting the key support level of $29.90.

Today’s stock forecast: Bearish.

DocuSign, Inc (DOCU) stock rose slightly in its latest intraday trading, driven by positive signals from the relative strength indicators after reaching extremely oversold levels. This came following the stability of the key support level at $67.30, which provided additional positive momentum. However, the stock continues to face negative pressure from trading below the previous 50-day SMA and remains under the dominance of a short-term corrective bearish trend, trading along a descending line that supports this path.

Therefore, we expect the stock to decline in its upcoming trading sessions, especially if it breaks below the mentioned support level of $67.30, targeting the next support level at $59.80.

Today’s stock forecast: Bearish.

Abbott Laboratories (ABT) stock settled lower in its latest intraday trading, affected by a previously formed negative technical pattern on the short-term chart—an ascending wedge pattern. Continued negative pressure persists as the stock trades below the previous 50-day SMA, further supported by bearish signals from the relative strength indicators, despite reaching extremely oversold areas.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of 133.35$ holds, targeting the key support level of 120.50$.

Today’s stock forecast: Bearish.