Peloton Interactive’s stock (PTON) fell in the intraday levels, with negative pressure from the 50-day SMA, amid the dominance of the main downward trend in the medium term, while trading alongside the short-term secondary trend line, as a negative divergence formed in the RSI after reaching overbought levels compared to the stock’s movements.
Therefore we expect more losses for the stock, targeting the support of 3.96, provided the resistance of 5.56 holds on.
Expected trend for today: Bearish
Dollar Tree’s stock (DLTR) advanced in the intraday levels, amid the dominance of the upward correctional trend in the short term alongside the trend line, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the first resistance of 154.80, provided it settles above 145.00.
Expected trend for today: Bullish
Coca-Cola Company’s stock (KO) fell in the intraday levels, with negative signals from the RSI after reaching overbought levels, amid attempts to vent off overbought saturation, thus learning on the support of the 50-day SMA as the stock tries to gather momentum to rise again, amid the dominance of the upward correctional trend in the short term.
Therefore we expect the stock to return higher, targeting the first resistance of 63.27, provided the support of 60.00 holds on.
Expected trend for today: Likely Bullish
Marriott International’s stock (MAR) rose in the intraday levels, tackling the important resistance of 250.00, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, as the stock trades above the 50-day SMA, countered with negative signals from the RSI.
Therefore we expect the stock to rise and target the resistance of 261.80, provided the initial resistance of 250.00 is reliably breached.
Expected trend for today: Likely Bullish