Starbucks Corporation’s stock price (SBUX) rallied in the intraday levels, while buoyed by trading above the 560-day SMA, and amid the dominance of the upward correctional short-term trend, as positive signals are emitted once more from the RSI, after the stock managed to vent off overbought saturation there.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $107.66, provided the support of $90.30 holds on.
Trend forecast for today: Bullish
Read more: Palantir Soars to Record Highs with $100 Target
Alphabet’s stock price (GOOG) fell in the intraday levels, weighed down by exiting the ascending secondary price channel that limited recent short-term movements, with the price trespassing the support of the 50-day SMA, thus doubling negative pressures on it, and with negative signals from the RSI despite settling at oversold levels.
Therefore we expect more losses for the stock, targeting the support of $148.20, provided it settles firmly below the resistance of $171.00.
Trend forecast for today: Bearish
Read more: Palantir Soars to Record Highs with $100 Target
Berkshire Hathaway’s stock price (BRK.B) rose in the intraday levels and readied to tackle the pivotal resistance of $484.82, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA, but countered with negative signals from the RSI after reaching overbought levels, which could curb gains.
Therefore we expect more gains for the stock, targeting the aforementioned resistance of $474.82.
Trend forecast for today: Bullish
Read more: Palantir Soars to Record Highs with $100 Target
Micron Technology’s stock price (MU) rose in the intraday levels, while trying to vent off oversold saturation in the RSI, with positive signals streaming out of it, while the stock bumped into the resistance of the 50-day SMA, and amid the dominance of the downward correctional trend in the short term.
We expect the stock to return lower and target the support of $84.90, provided the resistance of $106.63 holds on.
Trend forecast for today: Likely Bearish
Read more: Palantir Soars to Record Highs with $100 Target