Rivian Automotive's stock (RIVN) rose in the intraday levels, while recouping some recent losses, as it also vents off oversold saturation in the RSI, while the stock trades alongside the downward trend line in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the first support at 19.50, provided the resistance of 23.25 holds on.
Expected trend for today: Likely Bearish
Illumina's stock (ILMN) kept falling in the intraday levels, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect the stock to decline and target the support of 126.85.
Expected trend for today: Bearish
Western Digital Corporation's stock (WDC) fell in the intraday levels, after the pivotal resistance of 45.25 held on, while gathering momentum to pierce that resistance, amid the dominance of the upward correctional trend in the medium term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 50.40, provided the resistance of 45.25 was breached.
Expected trend for today: Likely Bullish
Brent oil price achieved a clear break to 92.74 level and closed the last four hours candlestick below it, reinforcing the expectations for the bearish trend expectations efficiently in the upcoming sessions, opening the way towards 90.70 as a next main target, being aware that holding below 92.74 represents the initial condition for the continuation of the expected decline.
The expected trading range for today is between 91.30 support and 94.40 resistance.
The expected trend for today: Bearish