Zoom Video Communications (ZM) stock price recorded choppy, range-bound moves in its latest intraday trading, as it attempts to build positive momentum to help maintain the main upward trend in the short term. Price is moving along a supporting trend line and continues to benefit from dynamic support by trading above the 50-day SMA. In the background, RSI has reached heavily oversold levels relative to price action, signaling the start of renewed positive momentum.

Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $88.90 support level, targeting the key psychological resistance at $100.00.

Today’s price forecast: Bullish

CVS Health Corporation (CVS) stock price recorded further gains in its latest intraday trading, amid clear dominance of the main upward trend on the medium term, with price moving along a supporting trend line. Momentum is also supported by positive signals from RSI after previously reaching heavily oversold levels. The latest rise comes as the stock attempts to shake off the negative pressure from trading below the 50-day SMA.

Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $74.00 support level, targeting the key resistance at $85.00.

Today’s price forecast: Bullish

EBAY INC (EBAY) stock price recorded a limited rise in its latest intraday trading, after stabilizing above the key support at $79.80, gaining short-term positive momentum and attempting to recover part of its previous losses. RSI has started to deliver positive signals with a bullish crossover after reaching oversold levels. However, the stock remains under negative pressure as it continues to trade below the 50-day SMA, while still affected by a previously broken main upward trend line on the medium term.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks the $79.80 support level, targeting the next support at $72.85.

Today’s price forecast: Bearish

VERTEX PHARMACEUTICALS INCORPORATED (VRTX) stock price recorded a sharp rise in its latest intraday trading, after rebounding from support at the 50-day SMA, which provided positive momentum and helped drive these recent gains. The stock also managed to break above the key resistance level at $484.55, reinforcing the short-term upward trend while moving along a supporting trend line. RSI has begun to show positive signals after reaching oversold areas.

Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $484.55 level, targeting the key resistance at $519.65.

Today’s price forecast: Bullish