Pinduoduo Inc. (PDD) stock declined in its latest intraday trading, though it remains supported by continued trading above its previous 50-day SMA and within the dominance of the main medium-term corrective bullish trend, with trading aligned along a short-term ascending line that supports this direction. Additionally, a bullish crossover has begun to appear on the relative strength indicators after the stock successfully eased its previous overbought conditions, providing more room for further gains in the near term.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $131.70 holds, targeting the resistance level of $154.35.

Today’s stock forecast: Bullish.

International Business Machines Corporation (IBM) stock declined in its latest intraday trading as it attempts to gain positive momentum that could help it recover and rise again. The main medium- and short-term bullish trend remains dominant, supported by continued dynamic momentum from trading above the previous 50-day SMA, which enhances the likelihood of the stock extending its gains in the coming period.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as it remains above the key support level of $153.25, targeting the resistance level of $334.80.

Today’s stock forecast: Bullish.

The Goodyear Tire & Rubber Company (GT) stock declined in its latest intraday trading after the price hit resistance at its previous 50-day SMA, exposing it to renewed negative pressure. This pressure was further intensified by the emergence of bearish signals on the relative strength indicators after reaching extremely overbought levels, all while the main short-term bearish trend remains dominant.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $8.75 holds, targeting the support level of $6.75.

Today’s stock forecast: Bearish.

Salesforce (CRM) stock held steady at a decline in its latest intraday trading, facing continued negative pressure from trading below the previous 50-day SMA and under the dominance of the main medium-term bearish trend, with trading aligned along a short-term descending line that supports this direction. In addition, bearish signals persist on the relative strength indicators, reinforcing the downward outlook.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $258.00 holds, targeting the key support level of $226.50.

Today’s stock forecast: Bearish.