Snap Inc.’s stock price (SNAP) declined in its latest intraday trading, impacted by breaking a short-term ascending corrective trendline, with continued negative pressure from trading below its previous 50-day SMA. The stock now appears poised to break the key support level of 7.11, especially with negative signals from the RSI despite it being in oversold territory.

Therefore, we expect the stock to fall in its upcoming trading, particularly if it breaks the aforementioned 7.11 support, targeting the next support level at 6.20.

Today’s price forecast: Bearish.

Schlumberger N.V.’s stock price (SLB) declined in its latest intraday trading, having earlier been impacted by exiting an ascending corrective price channel that had been guiding its previous short-term movements. This comes with continued negative pressure from trading below its previous 50-day SMA, in addition to negative signals from the RSI, despite it holding in oversold areas.

Therefore, we expect the stock to decline in its upcoming trading, as long as resistance at 34.10 remains intact, targeting the key support level of 31.10.

Today’s price forecast: Bearish.

Micron Technology’s stock price (MU) jumped higher in its latest intraday trading, benefiting from the dynamic support of its previous 50-day SMA after successfully overcoming its negative pressure. This comes under the control of the main bullish trend and trading along a supporting trendline, with the stock now preparing to attack the key resistance level of 129.85. However, we note that the RSI has reached extremely overbought levels, excessively so compared to the stock’s movement, which may temporarily cap gains.

Therefore, we expect the stock to rise in its upcoming trading, provided it first breaks through the aforementioned key resistance of 129.85, confirming its intention to continue higher, targeting the next resistance at 146.00.

Today’s price forecast: Bullish.

Applied Materials, Inc.’s stock price (AMAT) fell slightly in its latest intraday trading, as the stock attempts to gain positive momentum that may help it recover and rise again. This comes under the control of a short-term corrective uptrend and trading along a supporting trendline, with ongoing dynamic support from trading above its previous 50-day SMA, in addition to positive signals appearing on the RSI.

Therefore, we expect the stock to rise in its upcoming trading, as long as the 176.40 support level holds, targeting the key resistance level of 201.00.

Today’s price forecast: Bullish.