ServiceNow’s stock price (NOW) fell in the intraday levels, amid negative signals from the RSI after reaching overbought levels, while gathering positive momentum to rise anew, especially as it settles above the stubborn resistance of $814.00, indicating a proper breach soon.
The main upward trend dominates in the medium term as the stock trades alongside the upside short-term trend line, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, especially if the aforementioned resistance of $814.00 was reliably breached, thus targeting the main resistance at $900.004.
Trend forecast: Likely Bullish
Cisco Systems’ stock price (CSCO) fell in the intraday levels while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, with negative signals coming out of it, while the stock is buoyed by exiting the descending price channel that guided its recent short-term trading, with positive support due to trading above the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of $52.60, provided the support of $48.20 holds on.
Trend forecast: Likely Bullish
Amazon.com’s stock price (AMZN) kept falling 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.
Therefore we expect more losses for the stock, targeting the pivotal support of $154.85, provided the resistance of $181.90 holds on.
Trend forecast: Bearish
Meta Platforms’ stock price (META) fell in the intraday levels, amid negative signals from the RSI, while the pivotal and stubborn resistance of $531.50 held its ground, as the stock tries to gather positive momentum to rise anew, with positive pressure due to trading above the 50-day SMA, and amid the dominance of the main upward trend in the medium term.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $531.50, provided the support of $495.00 holds on.
Trend forecast: Likely Bullish