Super Micro Computer, Inc (SMCI) stock declined in its latest intraday trading amid the emergence of negative signals from the relative strength indicators after reaching extremely overbought levels. The stock is attempting to gain positive momentum that may help it recover and rise again, supported by ongoing positive pressure from trading above the previous 50-day SMA and under the dominance of the main upward trend, with trading along a short-term ascending line that reinforces this path.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 48.50$ holds, targeting the key resistance level of 62.35$.

Today’s stock forecast: Bullish.

Wells Fargo & Company (WFC) stock jumped higher in its latest intraday trading, accompanied by a noticeable increase in trading volumes. The move allowed the stock to overcome the negative pressure of the previous 50-day SMA, while the main medium-term trend remains bullish, supported by trading along an upward sloping line on the short-term chart. In addition, we notice the start of positive signals appearing from the relative strength indicators after reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as it remains above the pivotal support level of 81.58$, targeting the resistance level of 95.80$.

Today’s stock forecast: Bullish.

Arista Networks (ANET) stock slipped lower in its latest intraday trading after confirming resistance at 153.70$, breaking below the 50-day SMA support level in the process. This exposes the stock to increasing negative pressure, further reinforced by the appearance of bearish signals from the relative strength indicators after reaching extremely overbought levels, accompanied by a noticeable rise in trading volumes.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of 153.70$ holds, targeting the support level of 127.60$.

Today’s stock forecast: Bearish.

UiPath, Inc (PATH) stock declined in its latest intraday trading, taking profits from its previous gains while attempting to gain new positive momentum that could help it rise again. At the same time, the stock is working off its overbought levels shown by the relative strength indicators, especially amid the emergence of negative signals from them. Nevertheless, the main short-term trend remains bullish, supported by continued positive pressure from trading above the 50-day SMA, which enhances the chances of a near-term recovery.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 15.40$ holds, targeting the resistance level of 18.75$.

Today’s stock forecast: Bullish.