Walgreens price settles lower - Forecast today - 10-05-2024
Walgreens Boots Alliance’s stock price (WBA) stabilized in the intraday levels, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA, amid the dominance of the main downward trend in the medium term.
Therefore we expect more losses for the stock, targeting the support of $15.20, provided it settles below the resistance of $19.70.
Trend forecast- Bearish
Harley Davidson price gives in to negative pressures - Forecast today - 10-05-2024
Harley-Davidson’s stock price (HOG) skidded in the intraday levels while hurt by piercing the upward correctional trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the next support at $29.18, provided the current support of $32.35 is reliably breached.
Trend forecast: Bearish
Brent oil price forecast update 10-05-2024
Expected Trading Scenarios
- Brent oil price trades negatively now in attempt to resume the expected bearish trend for the upcoming period.
- The bearish trend is supported by stochastic negativity, waiting to visit 82.40$ level that represents our next main target.
- Holding below 84.77$ and 85.80$ levels is important to continue the expected decline.
- Breaching them will push the price to turn to rise and stop the current bearish correction.
Expected Trading Range
- Support: 83.00$
- Resistance: 86.00$
Trend Forecast: Bearish
Crude oil price forecast update 10-05-2024
Expected Trading Scenarios
- Crude oil price shows negative trades to attempt to return below 79.60$ level.
- This reinforces the expectations of continuing the bearish bias for today.
- The bias is supported by RSI negativity, waiting to open the way to rally towards 77.64$ as a next main target.
- Moving below the EMA50 supports the suggested bearish wave.
- This wave will remain valid unless breaching 79.80$ and holding above it.
Expected Trading Range
- Support: 78.00$
- Resistance: 81.00$
Trend Forecast: Bearish