Splunk tries to vent off overbought saturation - Analysis - 25-01-2024

CrowdStrike's stock (CRWD) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, while trading above the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels.

Cisco Systems' stock (CISCO) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, with negative signals from the RSI, while gathering momentum to rise anew, as the stock is hurt by piercing the downward correctional trend line previously in the short term, with positive pressure from the 50-day SMA.

JPMorgan Chase's stock (JPM) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals rom the RSI after reaching oversold levels.