Snap's stock climbed 1.79% in the last session, or 23 cents, settling at 13.08, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, as the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the support of 10.50, provided the resistance of 20.95 holds on.
Expected trend for today: Bearish
Redbox Entertainment's stock (RDBX) fell in the intraday levels even after reporting retail sales up 12.8% y/y in the week ending June 18, due to Father Day sales, and the fourth of July sales, marking a loss of 12.93% in the last session, or 1.5 points, settling at 101.0, with trading volumes surpassing 8.6 million shares, below 10-day averages of 31.2 million shares.
The stock is moving alongside the upward correctional short-term trend line, seeking a bottom to bolster it higher, amid positive pressure from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect the stock to return higher, targeting the first resistance at 13.35, provided the support of 8.56 holds on.
Expected trend for today: Bullish
Johnson & Johnson's stock (JNJ) rose in the last session while trading alongside the main upward medium-term trend line, with positive signals from the RSI, marking a profit of 1.58%, or 2.73 points, and settling at 175.74, shaking off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 186.69, provided it holds above 173.00.
Expected trend for today: Bullish
Under Armour's stock (UAA) rose in the intraday levels after the pivotal support of 9.00 held on, with the stock trying to recoup some recent losses, and vent off oversold saturation in the RSI, marking a profit of 0.68%, or 6 cents, and settling at 8.93, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 7.40, provided the support of 9.00 was breached.
Expected trend for today: Bearish