Symantec's stock returned lower after the resistance of 23.50 held on, as the stock gathered momentum to help it rise anew, amid positive support from the 50-day SMA, while the RSI reached overbought levels.
Therefore we expect the stock to rise, especially if the resistance of 23.50 was breached, targeting the next one at 24.85.
Expected trend for today: Bullish
Honeywell's stock skidded in the last session, piercing the upside medium-term trend line and trespassing the support of the 50-day SMA, doubling pressures, especially amid negative signals from the RSI, thus commencing a downward wave in the short term.
Therefore we expect more losses for the stock, especially if the support of 167.76 was breached, targeting the next one at 162.66.
Expected trend for today: Bearish
Goldman Sachs' stock fell amid attempts to gather momentum to help it rise anew and vent off overbought saturation in the RSI, as the stock settles above the support of 209.32, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 244.95 to 151.60), with positive support from the 50-day SMA.
Therefore we expect the stock to rise as long as the support of 209.32 holds on, targeting the next resistance at 222.78.
Expected trend for today: Bullish
Walt Disney's stock fell in in the intraday levels after marking a record high of 145.42 earlier this week, with the retreats stopped by the support of 142.30, amid negative signals from the RSI as the stock vents off overbought saturation in them.
Therefore we expect the stock to return higher, as long as it settles above 142.30, targeting the resistance of 149.56.
Expected trend for today: Bullish