Pinduoduo’s stock price (PDD) skidded in the intraday levels, amid negative pressure from trading below the 50-day SMA, with the dominance of the downward trend in the short term, while 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 pivotal support of $89.50, provided the resistance of $108.87 holds on.

Trend forecast today: Bearish 

International Business Machines Corporation’s stock price (IBM) fell in the intraday levels, while gathering positive momentum to rise anew, while leaning on the upward secondary trend line in the short term, as it also leaned on the support of the 50-day SMA, accompanied by positive signals from the RSI.

Therefore we expect the stock to return higher, provided it settles firmly above $221.76, thus targeting the pivotal resistance of $237.37.

Trend forecast today: Likely Bullish 

The Goodyear Tire & Rubber Company’s stock price (GT) edged higher in the intraday levels, buoyed by positive signals from the RSI, however it reached overbought levels compared to the stock’s movements, amid the dominance of the main downward trend in the medium term, with negative pressure due to trading below the 50-day SMA.

Therefore we expect the stock to return lower, targeting the pivotal support of $7.63, provided it settles below the resistance of $9.00.

Trend forecast today: Likely Bearish 

Take-Two Interactive Software’s stock price (TTWO) skidded in the intraday levels, amid negative signals from the RSI and trespassing the support of the 50-day SMA, exposing the stock to negative pressure, as it seeks a bottom to bounce it higher anew, amid the dominance of the main upward trend in the short term.

Therefore we expect the price to return higher, targeting the pivotal resistance of $191.19, provided the support of $171.59 holds on.

Trend forecast today: Likely Bullish