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Salesforce price gives in to negative pressures - Forecast today - 09-07-2024

Economies.com
2024-07-09 11:53AM UTC

SalesForce’s stock price (CRM) fell in the intraday levels, after bumping into the resistance of the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence, and doubling negative pressures. 

 

Therefore we expect more losses for the stock, targeting the first support at $243.65, provided it settles below the resistance of $266.55.  

 

Trend forecast: Bearish 

 

Berkshire price gathers positive momentum - Forecast today - 09-07-2024

Economies.com
2024-07-09 11:52AM UTC

Berkshire Hathaway’s stock price (BRK.B) fell in the intraday levels, leaning on the support of the 50-day SMA, while gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of $430.00, provided the support of $399.90 holds on.

 

Trend forecast: Likely Bullish 

Kroger price emits signals of weaknenss - Forecast today - 09-07-2024

Economies.com
2024-07-09 11:52AM UTC

Kroger Company’s stock price (KR) inched up in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence. 

 

Therefore we expect the stock to return lower and target the support of $50.20, provided the resistance of $53.32 holds on.

 

Trend forecast: Likely Bearish 

 

Zscaler price gathers strength - Forecast today - 09-07-2024

Economies.com
2024-07-09 11:51AM UTC

Zscaler’s stock price (ZS) inched down in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher and target the first resistance at $235.85, provided the resistance of $206.67 was breached. 

 

Trend forecast: Likely Bullish