Ulta Beauty’s stock price (ULTA) returned higher in the intraday levels, amid the dominance of the upward correctional wave in the short term, with positive pressure from trading above the 50-day MA, countered with negative signals from the RSI after reaching overbought levels, thus hindering gains. 

Therefore we expect more gains for the stock, targeting the resistance of $474.12, provided it settles firmly above $411.80.

Trend forecast for today: Bullish 

Comtech Telecommunications’ stock price (CMTL) fell in the intraday levels after bumping into the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI. 

Therefore we expect more losses for the stock, targeting the first support at $2.35, provided the resistance of $3.96 holds on.

Trend forecast for today: Bearish 

Enphase Energy’s price (ENPH) inched higher in the intraday levels, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

Therefore we expect the stock to return lower, provided it settles below $75.36, targeting the pivotal support of $58.33. 

Trend forecast for today: Likely Bearish 

Brent oil price is affected by stochastic negativity to show some bearish bias, waiting to gather positive momentum that assist to push the price to resume the expected bullish trend for today, which its first target located at 75.36$, reminding you that breaching this level will extend the bullish wave towards 76.85$.

The continuation of the bullish wave depends on the price stability above 73.90$, as breaking it represents the key to turn to decline to head towards 72.06$ areas on the near-term basis.

The expected trading range for today is between 73.10$ support and 76.10$ resistance.

Trend forecast: Bullish