Salesforce (CRM) advanced in its recent intraday trading, driven by bullish signals from the Relative Strength Index. The stock’s latest rise brought it up to test resistance at the 50-day SMA, coinciding with a retest of a short-term descending trendline. This confluence reinforces the strength of this zone as a potential resistance that may limit further upward movement.
Therefore, as long as the $276.80 resistance level holds, we expect the stock to decline in upcoming sessions, targeting the key support level at $254.50 in preparation for a potential breakdown.
Today’s price forecast: Bearish.
Take-Two Interactive Software, Inc (TTWO) declined in its recent intraday trading, under continued negative pressure from trading below the 50-day SMA. The stock appears to be searching for a higher low that could serve as a base for renewed upward momentum. It remains within a medium-term uptrend, moving along a supportive ascending trendline. Additionally, the Relative Strength Index has reached extremely oversold levels relative to the stock's movement, with early signs of a bullish divergence beginning to form as a positive crossover emerges.
Therefore we expect the stock to rise in upcoming sessions, provided support at $222.00 holds, targeting the key resistance level at $245.00.
Today’s price forecast: Bullish.
Taiwan Semiconductor Manufacturing Company Ltd (TSM) resumed its rise in recent intraday trading, under full control of a dominant upward trend, with price action moving along a steep ascending trendline—highlighting the strength of the current trajectory. The stock continues to receive positive pressure from trading above the 50-day SMA. Additionally, a bullish crossover is beginning to form in the Relative Strength Index after reaching deeply oversold territory.
Therefore we expect the stock to rise in upcoming sessions, as long as support at $226.40 holds, targeting the resistance level at $251.65.
Today’s price forecast: Bullish.
BioNTech SE (BNTX) rose in its recent intraday trading, supported by a prevailing upward trend and movement along a short-term ascending trendline. The stock also benefits from dynamic support as it continues to trade above the 50-day SMA. Additionally, a bullish divergence is starting to form in the Relative Strength Index after it reached deeply oversold territory relative to price movement, with early bullish signals beginning to emerge.
Therefore we expect the stock to rise in upcoming sessions, as long as support at $106.30 holds, targeting the key resistance level at $122.90.
Today’s price forecast: Bullish.