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Oracle powers up - Analysis - 13-04-2021

Economies.com
2021-04-13 11:14AM UTC

Oracle's stock (ORCL) kept rising with a 0.71% profit in the last session, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the first resistance at 78.45. 

 

Expected trend for today: Bullish 

Adobe attacks current resistance - Analysis - 13-04-2021

Economies.com
2021-04-13 11:14AM UTC

Adobe's stock (ADBE) rose 0.39% in the last session, tackling the resistance of 505.65, amid the dominance of the main upward medium-term trend, with positive support from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the resistance of 534.10, provided the resistance of 505.65 was breached. 

 

Expected trend for today: Bullish 

Gilead leans on SMA support - Analysis - 13-04-2021

Economies.com
2021-04-13 11:14AM UTC

Gilead's stock (GILD) returned lower with a 0.69% profit in the last session, amid negative signals from the RSI, while leaning on the support of the 50-day SMA, amid the dominance of the upward correctional wave in the short term. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 68.28.

 

Expected trend for today: Bullish 

Midday update for Wheat price 13-04-2021

Economies.com
2021-04-13 10:07AM UTC

Wheat price trades with clear positivity now to surpass 629.40 level and settles above it, noticing that the price draws positive formation that appears on the chart, which makes us prefer staying neutral until the price confirms its situation according to the key levels represented by 629.40 support and 644.20 resistance.

 

Note that breaking the mentioned support will reactivate the bearish trend scenario that its next target located at 614.60, while breaching the resistance represents the key to achieve new gains that start by testing 662.45.

 

The expected trading range for today is between 620.00 support and 640.00 resistance.

The expected trend for today: Neutral