Tesla’s stock price (TSLA) kept rising in the intraday levels, amid the dominance of the upward short-term wave, while buoyed by trading above the 50-day SMA, readying to tackle the current resistance of $265.00, with negative signals from, the RSI after reaching overbought levels, thus hindering upcoming gains.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $299.00, provided the previous resistance of $265.00 is reliably breached.
Trend forecast: Bullish
SalesForce’s stock price (CRM) fell in the intraday levels, after bumping into the resistance of the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence, and doubling negative pressures.
Therefore we expect more losses for the stock, targeting the first support at $243.65, provided it settles below the resistance of $266.55.
Trend forecast: Bearish
Berkshire Hathaway’s stock price (BRK.B) fell in the intraday levels, leaning on the support of the 50-day SMA, while gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $430.00, provided the support of $399.90 holds on.
Trend forecast: Likely Bullish
Kroger Company’s stock price (KR) inched up in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence.
Therefore we expect the stock to return lower and target the support of $50.20, provided the resistance of $53.32 holds on.
Trend forecast: Likely Bearish