Target Corporation’s stock price (TGT) fell in the intraday levels, amid the dominance of the downward trend in the medium term, with negative pressure from trading below the 50-day SMA, coupled with negative signals from the RSI after reaching oversold levels.
Therefore we expect more losses for the stock, targeting the pivotal support of $120.20, provided the resistance of $145.00 holds on.
Trend forecast for today: Bearish
Snowflake’s stock price (SNOW) rose in the intraday levels, tackling the pivotal resistance of $186.90, amid the dominance of the upward correctional trend in the short term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI.
Therefore we expect more gains for the stock, provided the aforementioned resistance of $186.90 was breached, thus targeting the next one at $211.68.
Trend forecast for today: Bullish
Home Depot’s stock price (HD) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending the stock positive momentum, amid the dominance of the main upward trend, while trading alongside the secondary short-term trend line, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $440.97, provided the support of $401.76 holds on.
Trend forecast for today: Bullish
Texas Instruments’ stock price (TXN) fell in the intraday levels, while preparing to pierce the pivotal support of $180.00, amid the dominance of the downward correctional trend in the short term, coupled with negative pressure due to trading below the 50-day SMA, and countered with positive signals from the RSI after reaching oversold levels, curbing upcoming losses.
Therefore we expect more losses for the price, provided the aforementioned support of $180.00 was breached, thus targeting the next one at $166.90.
Trend forecast for today: Bearish