Taiwan Semiconductor Manufacturing Company Ltd. (TSM) stock advanced slightly in its latest intraday trading, continuing its choppy sideways moves within a narrow range. This consolidation aims to gather positive momentum that could support recovery and a renewed rise, while also working to unwind some of its clear overbought levels in the Stochastic indicators, especially with negative signals beginning to appear.

Despite this sideways action, the stock remains stable above the key resistance of 248.25, confirming its breakout. The medium-term main bullish trend stays in control, with trading moving along an upward slope line that reinforces the stock’s recovery prospects.

Therefore, we expect the stock to rise in its upcoming trading, especially as long as it holds above 248.25, to then target its next resistance at 283.40.

Today’s price forecast: Bullish.

BioNTech SE (BNTX) stock advanced slightly in its latest intraday trading, in a quick attempt to recover part of its prior losses. However, a steep short-term bearish wave remains in control, with continued negative pressure from trading below its previous 50-day SMA. Additional downside risks are reinforced by bearish signals in the Stochastic indicators after reaching strongly overbought levels, exaggerated relative to price movement.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 109.50 holds, to then target the key support level of 81.20.

Today’s price forecast: Bearish.

Carnival Corporation (CCL) stock declined in its latest intraday trading, after stabilizing below the current resistance level of 32.45. Negative signals from the Stochastic indicators accompanied this move, while the stock attempts to build positive momentum that could help it recover and break that resistance. The short-term main bullish trend remains in control, with the stock supported by trading along an upward slope line and above its previous 50-day SMA, which reinforces its recovery chances.

Therefore, we expect the stock to rise in its upcoming trading, especially if it breaks the mentioned resistance of 32.45, to then target its next resistance at 35.00.

Today’s price forecast: Bullish.

Nucor Corporation (NUE) stock advanced slightly in its latest intraday trading, as it attempts to recover part of its previous losses while also working to unwind its clear oversold levels in the Stochastic indicators, with positive signals starting to appear. However, the stock remains under the effect of a broken short-term upward trend line and continues to face negative pressure from trading below its previous 50-day SMA. These factors combine to strengthen the likelihood of further decline in the near term.

Therefore, we expect the stock to decrease in its upcoming trading, as long as it remains below 143.00, to then target the important support level of 134.00.

Today’s price forecast: Bearish.