Snowflake Inc. (SNOW) stock price recorded a sharp decline in its latest intraday trading, as the stock broke below the key support level at $191.12, accompanied by a noticeable increase in trading volumes, which technically confirms this breakdown. This comes under the dominance of a short-term corrective downtrend, with price action moving along a trend line supporting this bearish path, alongside continued negative pressure from trading below its SMA50. Negative signals are also continuing to appear on the RSI, despite the indicator reaching oversold territory.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains below the $191.12 level, to target the next support at $148.50.

Today’s price forecast: Bearish

Texas Instruments Incorporated (TXN) stock price recorded gains in its latest intraday trading, successfully breaking above the key resistance level at $221.70. This move comes with continued dynamic support from trading above its SMA50, under the dominance of the main upward trend, with price action moving along a minor supportive trend line in the short term. Positive signals are also appearing on the RSI, despite the indicator reaching overbought territory.

Therefore we expect the stock price to rise in upcoming trading, as long as it remains stable above the $221.70 level, to target the next resistance at $240.50.

Today’s price forecast: Bullish

Pinterest, Inc. (PINS) stock price recorded continued losses in its latest intraday trading, under full dominance of the main medium-term downtrend, with price action moving along a trend line supporting this bearish path. Negative pressure remains in place due to trading below its SMA50, alongside ongoing negative signals from the RSI, despite the indicator reaching deeply oversold territory.

Therefore we expect the stock price to decline in upcoming trading, as long as the $24.35 resistance level remains intact, to target the next support at $19.30.

Today’s price forecast: Bearish

Under Armour, Inc. (UAA) stock price recorded extended gains in its latest intraday trading, under the dominance of a short-term corrective upward trend, while continuing to trade above its SMA50, which provides dynamic support for this move. In addition, a positive divergence has begun to form on the RSI after it reached extremely oversold levels in an exaggerated manner compared to price action, with early positive signals starting to appear.

Therefore we expect the stock price to rise in upcoming trading, as long as the $5.64 support level holds, to target the key resistance at $7.47.

Today’s price forecast: Bullish