Snowflake Inc stock price (SNOW) declined again in its latest intraday trading, after earlier attempts to relieve its apparent oversold conditions shown on the RSI indicators, despite some positive signals emerging. The stock remains under the control of a short-term corrective bearish wave, with persistent negative pressure from trading below its 50-day SMA, which further reinforces the surrounding downside risks.
Therefore, we expect the stock price to fall in its upcoming trading, as long as it remains below the resistance level of $206.15, targeting the first support at $184.25.
Today’s price forecast: Bearish
Texas Instruments Incorporated (TXN) shares declined slightly in their latest intraday trading, after the resistance level of $195.00 held firm. The stock remains under the control of a short-term corrective downtrend, with ongoing negative pressure from trading below the 50-day SMA. In addition, a bearish crossover has started to appear in the RSI indicators, after reaching extremely overbought levels compared to the stock’s movement, suggesting the formation of a negative divergence.
Therefore, we expect the stock to fall in its upcoming trading, as long as the $195.00 resistance holds, targeting the support level of $177.95.
Today’s stock forecast: Bearish
Pinterest (PINS) stock inched slightly higher in its latest intraday trading, attempting to overcome the negative pressure from the 50-day SMA. The stock is moving within the short-term corrective bullish trend, trading along a supporting upward slope line. In addition, positive signals have started to appear on RSI indicators after reaching extremely oversold areas.
Therefore, we expect the stock to rise in its upcoming trading, as long as support holds at $33.25, targeting the pivotal resistance level of $39.80.
Today’s stock forecast: Bullish
Under Armour (UAA) stock closed its latest session unchanged, as the stock attempts to ease its clear oversold conditions on the RSI indicators, especially with the emergence of positive signals. However, downside pressure persists from trading below the 50-day SMA and under the dominance of the main short-term bearish trend, with price action moving along a descending slope line.
Therefore, we expect the stock to decline in its upcoming trading, as long as it remains below $5.65, targeting the pivotal support level of $4.75.
Today’s stock forecast: Bearish