Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Peloton Interactive's stock (PTON) rose in the intraday levels amid attempts to correct the main downward trend in the short term, marking a cautious profit of 0.98% in the last session, or 8 cents, and settling at 8.26, while touching the resistance of the 50-day SMA, as the stock tested the resistance of 8.38, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 6.66, provided the resistance of 8.38 holds on.
Expected trend for today: Bearish