Western Digital Corporation’s stock (WDC) fell in the intraday levels, while trying to gather positive momentum to rise anew, while venting off overbought saturation in the RSI with negative signals from the RSI, amid the upward medium-term trend, while trading alongside the secondary trend line in the short term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $76.90, provided the support of $65.90 holds on.
Trend forecast: Likely Bullish
Johnson & Johnson’s stock price (JNJ) edged up in the intraday levels, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of $144.95, provided it settles below the resistance of $152.33.
Trend forecast: Likely Bearish
Snap’s stock price (SNAP) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI with negative signals out of it, amid the dominance of the upward trend in the medium term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher and target the pivotal resistance of $17.75, provided it settles above the support of $15.18.
Trend forecast: Likely Bullish
ExxonMobil Corporation’s stock price (XOM) fell in the intraday levels, while collecting profits amid the dominance of the upward trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $123.75, provided the support of $114.13 holds on.
Trend forecast: Likely Bullish