Symantec tries to correct downward trend - Analysis - 14-06-2019

Economies.com
2019-06-14 12:24PM UTC

Symantec's stock rose 2.03% in the last session while correcting the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, as a negative divergence formed in the Stochastic indicator after reaching overbought levels. 

 

Therefore we expect the stock to return lower, especially if it settled back below 19.41, targeting the pivotal support of 17.41. 

 

Expected trend for today: Bearish    

Stocks Technical Analysis

United States Analysis

Stocks

Generac price surrounded with positive pressures - Forecast today - 25-04-2024
2024-04-25 12:18PM UTC
Generac Holdings’ stock price (GNRC) kept rising in the intraday levels, amid the dominance ...
United States Analysis

Stocks

Comcast price gives in to negative pressures - Forecast today - 25-04-2024
2024-04-25 12:17PM UTC
Comcast’s stock price (CMCSA) fell in the intraday levels, amid the dominance of the downward ...
United States Analysis

Stocks

Moderna price readies to tackle pivotal resistance - Forecast today - 25-04-2024
2024-04-25 12:17PM UTC
Moderna’s stock price (MRNA) rose in the intraday levels, while tackling the pivotal ...