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Shopify driven lower by important resistance - Analysis - 18-11-2022

Economies.com
2022-11-18 12:47PM UTC

Shopify's stock (SHOP) fell in the intraday levels, after the important resistance of 41.10 held on, while gathering momentum to pierce that resistance, while venting off overbought saturation in the RSI, with positive support from the 50-day SMA, amid the dominance of the upward correctional wave in the short term.

 

Therefore we expect the stock to return higher, targeting the resistance of 51.00, provided the initial resistance of 40.10 was breached.

 

Expected trend for today: Bullish

Comcast trapped in a hesitant place - Analysis - 18-11-2022

Economies.com
2022-11-18 12:47PM UTC

Comcast's stock (CMCSA) rose in the intraday levels amid the support from the 50-day SMA, while trading alongside the main downward short-term trend line, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to return lower, targeting the support of 31.59, provided the resistance of 36.57 holds on.

 

Expected trend for today: Bearish

Caterpillar seeks a bottom to bolster it - Analysis - 18-11-2022

Economies.com
2022-11-18 12:46PM UTC

Caterpillar's stock (CAT) fell in the intraday levels amid negative signals from the RSI, while seeking a bottom to bounce it higher anew, amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 237.90, provided the support of 219.50 holds on.

 

Expected trend for today: Bullish

Honeywell rises in volatile session - Analysis - 18-11-2022

Economies.com
2022-11-18 12:46PM UTC

Honeywell's stock (HON) rose in the intraday levels, while buoyed by piercing the main downward trend line previously in the short term, with positive support from the 50-day SMA, while the RSI reached oversold levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 221.90, provided the support of 204.25 holds on.

 

Expected trend for today: Bullish