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Nucor returns lower - Analysis - 22-05-2023

Economies.com
2023-05-22 11:59AM UTC

Nucor Corporation's stock (NUE) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, settling at 138.67, while venting off oversold saturation in the RSI.

 

Therefore we expect the stock to decline and target the pivotal support of 129.50, provided it settles below 139.00. 

 

Expected trend for today: Bearish

Clorox tries to regain footing - Analysis - 22-05-2023

Economies.com
2023-05-22 11:59AM UTC

Clorox Company's stock (CLX) rose in the intraday levels, marking a profit of 0.15% in the last session, or 25 cents, and settling at 166.36, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, while the RSI reached oversold levels compared to the stock's movements, hinting at positive divergence.

 

Therefore we expect more gains for the stock, targeting the resistance of 178.20 anew, provided the support of 162.80 holds on.

 

Expected trend for today: Bullish

Xerox gives in to negative pressure - Analysis - 22-05-2023

Economies.com
2023-05-22 11:58AM UTC

Xerox Holdings' stock (XRX) fell in the intraday levels, after touching the resistance of the 50-day SMA, marking a loss of 0.55% in the last session, or 8 cents, and settling at 14.54, amid the dominance of the main downward medium-term trend, with positive signals from the RSI, curbing upcoming losses.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 13.00, provided the resistance of 16.00 holds on.

 

Expected trend for today: Bearish

American International collects profits - Analysis - 22-05-2023

Economies.com
2023-05-22 11:58AM UTC

American International Group's stock (AIG) declined in the intraday levels on profit-taking, while gathering momentum and venting off overbought saturation, marking a final loss of 0.85% in the last session, or 46 cents,and settling at 53.85, while trading alongside the upward correctional short-term trend line, with support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 57.66, provided the support of 51.65 holds on.

 

Expected trend for today: Bullish