Walgreens Boots Alliance’s stock price (WBA) returned lower in the intraday levels, amid the dominance of the main downward trend in the medium term, while the stock trades alongside the secondary short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after the stock managed to vent off oversold saturation.
Therefore we expect more losses for the stock, targeting the support of $11.50, provided the current support of $15.20 was breached.
Trend Forecast: Bearish
Harley-Davidson’s stock price (HOG) advanced in the intraday levels as it tries to recoup some losses, amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional wave in the short term, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of $32.36, provided the resistance of $37.40 holds on.
Trend Forecast: Likely Bearish
3M’s stock price returned higher in the intraday levels while trading above the 50-day sMA, amid the dominance of the main upward trend in the short term, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the resistance of $106.00 anew, provided the support of $94.60 holds on.
Trend Forecast: Bullish
Kohl’s Corporation’s stock price (KSS) fell in the intraday levels, amid negative pressure from the 50-day SMA, amid the dominance of the downward short-term trend, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of $17.70, provided the initial support of $21.45 is reliably breached.
Trend Forecast: Bearish