Xerox Holdings’ stock price (XRX) edged higher in latest intraday trading, after leaning on the support of the 50-day SMA, with positive signals emerging from the Stochastic after reaching oversold levels, as the price suffers from the complete dominance of the main downward trend, as the price trades alongside the secondary short-term trend line, indicating an attempt to vent off the oversold saturation.

Therefore we expect the price to decline and target the pivotal support of $3.45, provided the resistance of $6.07 holds on.

Today’s price forecast: Bearish

Clorox Company’s stock price (CLX) edged higher in latest intraday trading, amid the dominance of the downward short-term trend, with negative pressure due to trading below the 50-day SMA, as the price tries to recoup some recent losses, and vent off oversold saturation in the Stochastic, with positive signals streaming from it. 

Therefore we expect the price to return lower, targeting the pivotal support of $127.60, as long as the resistance of $135.20 holds on.

Today’s price forecast: Bearish

Nucor Corporation’s stock price (NUE) edged higher in latest intraday trading, while trying to recoup some recent losses, as it also tried to vent off oversold saturation in the Stochastic, with positive signals emerging from it, amid the dominance of the main downward trend in the medium term, as the price trades alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of $97.60, as long as the resistance of $122.40 holds on.

Today’s price forecast: Bearish

Carnival Corporation’s stock price (CCL) edged higher in latest intraday trading, while trying to pierce the resistance of $23.00, amid the dominance of the upward secondary wave in the short term, with ongoing positive support due to trading above the 50-day SMA, while the Stochastic reached oversold levels compared to the price’s movements, grating it more space to advance. 

Therefore we expect the stock to gain ground, provided the aforementioned resistance of $23.00 is breached, targeting the next one at $25.00.

Today’s price forecast: Bullish