Occidental Petroleum Corporation’s stock price (OXY) returned lower in the intraday levels, with negative pressure from the 50-day SMA, amid the dominance of the downward correctional wave in the short term, while trying to vent off oversold saturation in the RSI, but selling pressures remain strong.
Therefore we expect more losses for the stock, targeting the important support of $61.95, provided the resistance of $65.65 holds on.
Trend forecast: Bearish
Crowdstrike Holdings’ stock price (CRWD) inched down in the intraday levels on profit-taking, while gathering positive momentum and venting off overbought saturation in the RSI, amid the dominance of the main upward medium-term trend as the stock trades alongside the secondary short-term trend line, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $365.00, provided the support of $312.55 holds on.
Trend forecast: Likely Bullish
Cisco Systems’ stock (CISCO) skidded in the intraday levels while getting exposed to fresh pressure after going below the support of the 50-day SMA, amid the dominance of the downward short-term trend, with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence.
Therefore we expect more losses for the stock, targeting the pivotal support of $45.56, provided the resistance of $50.20 holds on.
Trend forecast: Bearish
JPMorgan Chase’s stock price (JPM) inched up in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, hindering gains.
Therefore we expect more gains for the stock, targeting the first resistance at $215.00, provided it settles above $200.00.
Trend forecast: Bullish