Western Digital Corporation (WDC) continued rising in its latest intraday trading, supported by its ongoing movement above the previous 50-day SMA, which reinforces the stability and dominance of the main medium-term ascending trend, especially with the price moving alongside a short-term secondary trendline. In addition, we note the early formation of a positive divergence on the RSI indicators after they reached extremely oversold levels, in an exaggerated manner compared to the stock’s movement, accompanied by the beginning of positive signal inflows.

Therefore we expect the stock to rise in its upcoming trading, as long as it remains above the support level of $137.40, targeting the pivotal resistance level of $178.45.

Today’s price forecast: Bullish

Snap Inc. (SNAP) declined slightly in its latest intraday trading, amid continued negative pressure from trading below its previous 50-day SMA, and under the dominance of the main medium-term descending trend, with the price moving alongside a trendline supporting this bearish structure. In addition, we note the arrival of negative signals on the RSI indicators, despite their presence in extremely oversold levels.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $8.30, targeting the pivotal support level of $6.90.

Today’s price forecast: Bearish

Schlumberger N.V. (SLB) declined slightly in its latest intraday trading, as the stock attempts to gain positive momentum that may help it rise again. The price found support at its previous 50-day SMA, while a short-term corrective upward wave continues to dominate. In the background, we also observe the beginning of a positive divergence forming on the RSI indicators after they reached extremely oversold levels compared to the price movement, accompanied by the early arrival of positive signals from the relative strength indicators.

Therefore we expect the stock to rise in its upcoming trading, as long as it remains above the support level of $34.65, targeting the pivotal resistance level of $38.00.

Today’s price forecast: Bearish

Micron Technology (MU) rose in its latest intraday trading, supported by the beginning of positive signals from the RSI indicators after reaching extremely oversold levels, along with ongoing positive momentum from trading above its 50-day SMA. All of this comes under the dominance of the main short-term ascending trend.

Therefore we expect the stock to rise in its upcoming trading, as long as it remains above the support level of $192.40, targeting the pivotal resistance level of $257.00.

Today’s price forecast: Bullish