Snowflake’s stock price (SNOW) rose in the intraday levels, tackling the pivotal resistance of $186.90, amid the dominance of the upward correctional trend in the short term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI.
Therefore we expect more gains for the stock, provided the aforementioned resistance of $186.90 was breached, thus targeting the next one at $211.68.
Trend forecast for today: Bullish
Home Depot’s stock price (HD) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending the stock positive momentum, amid the dominance of the main upward trend, while trading alongside the secondary short-term trend line, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $440.97, provided the support of $401.76 holds on.
Trend forecast for today: Bullish
Texas Instruments’ stock price (TXN) fell in the intraday levels, while preparing to pierce the pivotal support of $180.00, amid the dominance of the downward correctional trend in the short term, coupled with negative pressure due to trading below the 50-day SMA, and countered with positive signals from the RSI after reaching oversold levels, curbing upcoming losses.
Therefore we expect more losses for the price, provided the aforementioned support of $180.00 was breached, thus targeting the next one at $166.90.
Trend forecast for today: Bearish
Coffee price resumed its bullish rally after surpassing the minor bullish channel’s resistance line at 391.00 recently, to notice achieving big historical gains by reaching 431.40$.
Note that stochastic crawl towards the overbought areas and 411.00 level attempt to form the additional support line support the continuation of the positivity, to keep our bullish overview to target 438.00$ level soon, while surpassing it might extend trades towards 454.30 on the medium term basis.
The expected trading range for today is between 427.00 and 438.00
Trend forecast: Bullish