Nvidia Corporation’s stock price (NVDA) edged lower in the last session but indicators pointed to a surge in pre-market trading following strong earnings results, which bolstered investor sentiment and the positive outlook for the price.
Technically, the stock still moves within a strong upward trend in the short term alongside the upward trend line, boosted by a surge in trading volumes, while settling above the 50-day SMA, and venting off overbought saturation in the Stochastic, granting the stock more space to extend gains.
We expect the price to rise in upcoming trading as long as the support of $129.00 holds on, targeting the pivotal resistance of $153.00.
Today’s price forecast: Bullish
The Goodyear Tire & Rubber Company’s stock price (GT) extended its gains in latest intraday trading and tackled the important resistance of $11.65, boosted by trading above the 50-day SMA, coupled with positive signals from the Stochastic, amid the dominance of the upward correctional trend in the short term.
Therefore we expect more gains for the stock, especially if the resistance of $11.65 is breached, targeting the next one at $13.25.
Today’s price forecast: Bullish
SalesForce’s stock price (CRM) fell in latest intraday trading while trying to seek a bottom to bolster it higher and help it gather momentum once again, thus leaning on the pivotal support of $268.00, representing the neckline of a positive technical pattern that formed at the end of the downward trend, the Double Bottom pattern.
This is especially important as the price also leaned on the support of the 50-day SMA, with a surge in trading volumes, as a positive divergence formed in the Stochastic after reaching oversold levels compared to the price’s movements, sending out positive signals.
Therefore we expect more gains for the price, provided the support of $268.00 holds on, targeting the resistance of $313.80 as a price target for that Double Bottom pattern.
Today’s price forecast: Bullish
Take-Two Interactive’s stock price (TTWO) extended its gains in latest intraday trading, boosted by trading above the 50-day SMA, with the dominance of the main upward trend in the medium term, while a positive divergence forms in the Stochastic after reaching oversold levels compared to the price’s movements, sending out positive signals.
Therefore we expect more gains for the price, targeting the pivotal resistance of $240.75, provided the support of $218.75 holds on.
Today’s price forecast: Bullish