SAP SE (SAP) declined in its latest intraday trading, as the stock remains under the control of a short-term corrective downtrend, moving along a descending trendline. The negative pressure persists as it trades below the 50-day SMA, while the RSI has reached strongly overbought levels, excessively compared to price movement, indicating fading bullish momentum around the stock.
Therefore, we expect the stock to fall in the upcoming sessions, as long as it holds below 276.85, targeting the key support at 248.35.
Today’s price forecast: Bearish.
Amazon.com, Inc (AMZN) showed choppy intraday moves in its latest trading, as the stock attempts to build positive momentum that could support a recovery and further gains. The short-term trend remains bullish, backed by dynamic support from trading above the 50-day SMA, which strengthens the case for near-term upside. This comes alongside a notable increase in trading volumes, further reinforcing the positive outlook.
Therefore, we expect the stock to rise in the upcoming sessions, as long as it holds above 226.30, targeting the key resistance at 242.50.
Today’s price forecast: Bullish.
Apple (AAPL) jumped higher in its latest intraday trading, successfully breaking through the current resistance at 241.30, accompanied by a notable surge in trading volumes, confirming the technical validity of the breakout. Continued support from trading above the 50-day SMA and movement along a short-term ascending trendline further reinforce the bullish setup, alongside positive signals from the RSI.
Therefore, we expect the stock to rise in the upcoming sessions, especially while holding above 241.30, targeting the key resistance at 260.00.
Today’s price forecast: Bullish.
Oklo (OKLO) extended its strong gains in its latest intraday trading, continuing to post fresh record highs in each of its last four sessions, accompanied by a sharp rise in trading volumes. The short-term primary uptrend remains firmly in control, with the stock moving along a supporting trendline, while sustained pressure from trading above the 50-day SMA adds further momentum. However, the RSI remains deeply overbought, which could temporarily limit the pace of gains ahead.
Therefore, we expect the stock to continue rising in the upcoming sessions, as long as it holds above the psychological support at 100.00, especially if it stabilizes above the current resistance of 126.70, targeting the next resistance at 168.00.
Today’s price forecast: Bullish.