Pinduoduo Inc. (PDD) stock slipped slightly in its latest intraday trading, as it attempts to gather positive momentum that may help it recover and rise again. Continued dynamic support comes from trading above its previous 50-day SMA, while the short-term main bullish trend remains in control, with trading moving along an upward slope line. On the other hand, negative signals from the Stochastic indicators are limiting the stock’s recovery potential.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 121.50 holds, to then target the key resistance level of 133.30.

Today’s price forecast: Bullish.

International Business Machines Corporation (IBM) stock declined in its latest intraday trading, after hitting resistance at its previous 50-day SMA. The short-term corrective bearish trend remains in control, with trading moving along a downward slope line. Additional negative pressure is reinforced by bearish signals in the Stochastic indicators after reaching strongly overbought levels.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 265.80 holds, to then target the key support level of 238.25.

Today’s price forecast: Bearish.

NVIDIA Corporation (NVDA) stock rose slightly in its latest intraday trading, supported by dynamic backing from trading above its previous 50-day SMA. Positive signals also appear in the Stochastic indicators, despite being in overbought territory. All of this comes under the control of the short-term main bullish trend, with trading moving along an upward slope line that supports this outlook.

Therefore, we expect the stock to rise in its upcoming trading, to target the key and nearby resistance level of 184.50 in preparation to test it.

Today’s price forecast: Bullish.

The Goodyear Tire & Rubber Company (GT) stock declined in its latest intraday trading, as the short-term bearish trend remains in control. Negative pressure continues from trading below its previous 50-day SMA, while additional downside risks are reinforced by bearish signals in the Stochastic indicators after forming a negative divergence upon reaching strongly overbought levels, exaggerated relative to the stock’s movement.

Therefore, we expect the stock to decline in its upcoming trading, as long as it remains below 8.85, to then target the key support level of 8.00.

Today’s price forecast: Bearish.