Under Armour buoyed by pivotal support - Analysis - 23-06-2022

2022-06-23 11:45:33 GMT (Economies.com)
 

Under Armour's stock (UAA) rose in the intraday levels after the pivotal support of 9.00 held on, with the stock trying to recoup some recent losses, and vent off oversold saturation in the RSI, marking a profit of 0.68%, or 6 cents, and settling at 8.93, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 7.40, provided the support of 9.00 was breached. 

 

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Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0427
-0.0154
1.4550%
1.2096
-0.0176
1.4311%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.50
2.47
2.27%
1799.775
-29.770
1.627%
 
 
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