SalesForce’s stock price (CRM) edged higher in the last session, amid the dominance of the downward correctional trend in the short term as the price trades alongside a highly steep trend line, indicating its strength, while suffering from trading below the 50-day SMA, as negative signals start to stream from the Stochastic after reaching overbought levels. 

Therefore we expect the price to decline once more and target the support of $229.00, provided the resistance of $272.00 holds on.

Today’s price forecast: Bearish

Western Digital Corporation’s stock price (WDC) edged higher in the last session, with positive signals from the Stochastic as the price tries to correct the main downward trend in the short term, however, the Stochastic reached overbought levels compared to the price’s movements, indicating weakness, especially as it continues to trade below the 50-day SMA.

Therefore we expect the price to return lower, as long as the resistance of $39.90 holds on, targeting the support of $28.85.

Today’s price forecast: Bearish

SNAP INC’s stock price fell in latest intraday trading and confirmed the breach of the pivotal support of $8.28, confirming the downward trend especially as the price trades alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA.

Therefore we expect more losses for the price, targeting the support of $5.20, provided it settles firmly below $8.28.

Today’s price forecast: Bearish

Schlumberger’s stock price (SLB) fell in latest intraday trading after managing to vent off oversold saturation in the Stochastic, amid the dominance of the main downward trend in the medium term, with negative pressure due to trading below the 50-day SMA. 

Therefore we expect the price to decline in upcoming trading, provided it settles below the resistance of $36.65, targeting the support of $31.10.

Today’s price forecast: Bearish