Ulta Beauty (ULTA) stock declined in its latest intraday trading as it attempts to find a higher bottom that could serve as a base to regain positive momentum and support its recovery. The recent decline found support at the previous 50-day SMA, while the main short-term trend remains bullish. A positive divergence has started to form on the relative strength indicators after reaching extremely oversold levels compared to the price movement, accompanied by the early appearance of a bullish crossover.

Therefore, we expect the stock to rise in its upcoming trading sessions, provided that the current support level of $529.20 holds, targeting the resistance level of $572.20.

Today’s stock forecast: Bullish.

Morgan Stanley (MS) stock declined in its latest intraday trading, taking profits from its previous gains while attempting to gain positive momentum that could help it recover and rise again. The stock continues to benefit from dynamic support provided by trading above the previous 50-day SMA and remains under the dominance of the main short-term bullish trend, with trading along an ascending line that reinforces this path. In addition, positive signals are appearing from the relative strength indicators.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $151.85 holds, targeting the resistance level of $171.60.

Today’s stock forecast: Bullish.

Dell Technologies (DELL) stock declined in its latest intraday trading amid the appearance of negative signals from the relative strength indicators. The stock is attempting to gain positive momentum that could help it recover and rise again, supported by continued positive pressure from trading above the previous 50-day SMA and under the dominance of the main short-term bullish trend, with trading along an ascending line that supports this path.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $142.00 holds, targeting the resistance level of $169.65.

Today’s stock forecast: Bullish.

Generac Holdings Inc (GNRC) stock declined slightly in its latest intraday trading after repeatedly testing the key and stubborn resistance level of $195.95. The stock is trying to gain positive momentum that could help it break through that resistance while also correcting its overbought levels on the relative strength indicators, where a bearish crossover has started to appear. It remains supported by positive pressure from trading above the 50-day SMA and under the dominance of the main short-term bullish trend, with trading along an ascending line.

Therefore, we expect the stock to rise in its upcoming trading sessions, provided that it first breaks above the mentioned resistance level of $195.95, targeting the next resistance level at $221.60.

Today’s stock forecast: Bullish.