UiPath, Inc (PATH) dipped slightly in its latest intraday trading as the stock took profits from its recent gains and attempted to relieve part of its clear overbought saturation on the RSI indicators, especially with the emergence of a negative crossover. This pullback may help the stock acquire fresh positive momentum that could support a renewed move higher, particularly with the continued dynamic support provided by trading above its 50-day SMA — a factor that reinforces the stability and dominance of the medium-term ascending trend.
Therefore we expect the stock to rise in its upcoming trading, especially if it confirms a breakout above the pivotal resistance of $18.75, targeting the next resistance at $22.65.
Today’s price forecast: Bullish
C3.ai, Inc (AI) moved higher in its latest intraday trading as the stock attempted to correct its broader medium-term downtrend. However, this advance stalled at the 50-day SMA, a resistance level that limits the stock’s ability to extend its corrective gains in the near term. This is reinforced by the emergence of a negative crossover on the RSI indicators after they reached extremely overbought levels — significantly excessive relative to the stock’s movement — suggesting the early formation of a bearish divergence.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level of $18.65 remains intact, targeting the support level at $12.60.
Today’s price forecast: Bearish
Advanced Micro Devices Inc (AMD) inched higher in its latest intraday trading, supported by positive signals flowing from the RSI indicators. However, these indicators have reached extremely overbought levels, noticeably excessive relative to the stock’s price action. The stock is now testing resistance at its 50-day SMA, which limits the sustainability of any near-term recovery, especially as it remains influenced by a previously formed bearish pattern on the short-term charts — the double-top formation.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level of $224.65 remains intact, targeting the first support level at $194.30.
Today’s price forecast: Bearish
Delta Air Lines, Inc. (DAL) rose slightly in its latest intraday trading, moving within a volatile range as the stock attempts to acquire positive momentum that may enable it to attack the pivotal resistance level of $69.45. The price continues to receive strong dynamic support from trading above its 50-day SMA, while remaining under the dominance of the main medium-term ascending trend with movement alongside a supportive trendline.
Therefore we expect the stock to rise in its upcoming trading, as long as the support level of $62.90 holds, targeting the mentioned resistance at $69.45 in preparation for a potential breakout.
Today’s price forecast: Bullish