Oracle Corporation’s stock price (ORCL) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, with the stock trading alongside the secondary short-term trend line, with positive signals from the RSI despite reaching overbought levels, coupled with positive pressure due to trading above the 50-day SMA. 

Therefore we expect more gains for the stock, provided it settles firmly above $170.70, targeting the pivotal resistance of $198.30.

Trend forecast for today: Bullish 

Docusign’s stock price (DOCU) inched lower in the intraday levels while readying to pierce the important support of $86.75, amid the dominance of the downward correctional wave, while hurt by piercing the upward short-term trend line recently, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels. 

Therefore we expect more losses for the stock, provided the aforementioned support of $86.75 was breached, targeting the next one at $77.00. 

Trend forecast for today: Likely Bearish 

Comtech Telecommunications Corp’s stock price (CMTL) fell in the intraday levels, amid negative pressure due to trading below the 50-day SMA, while hurt by piercing the upward correctional price channel in the short term, 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 $1.53, provided the resistance of $3.00 holds on.

Trend forecast for today: Bearish 

Enphase Energy’s stock price (ENPH) rose in the intraday levels, boosted by positive signals from the RSI, as the stock tries to correct the main downward trend in the medium term, while bumping into the resistance of the 50-day SMA, forcing the stock downwards and trimming earlier gains.

Therefore we expect the stock to return lower, targeting the pivotal support of $58.33, provided the resistance of $75.36 holds on.

Trend forecast for today: Likely Bearish