Palo Alto Networks’ stock price (PANW) fell in latest intraday trading amid negative pressure due to trading below the 50-day SMA, while trading within a descending correctional price channel that limited recent short-term trading, while the Stochastic reached overbought levels compared to the price’s movements, hinting at negative divergence.
Therefore we expect more losses for the price, provided the resistance of $174.95 holds on, targeting the first support at $164.00.
Today’s price forecast: Bearish
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Palantir Technologies’ stock price (PLTR) rose mildly in latest intraday trading after leaning on the support of the 50-day SMA, lending the price some positive momentum, as it tries to breach the important resistance of $98.12, amid the dominance of the main upward trend in the short term, with negative signals from the Stochastic after reaching overbought levels, hindering recent gains.
Therefore we expect the price to rise in upcoming trading, provided the resistance of $98.12 is breached, targeting the next one at $110.30.
Today’s price forecast: Bullish
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MicroStrategy’s stock price (MSTR) edged higher in latest intraday trading, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day sMA, coupled with positive signals from the Stochastic despite reaching overbought levels.
Therefore we expect more gains for the price, provided it settles firmly above $285.00, targeting the resistance of $404.40.
Today’s price forecast: Bullish
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Merck & Company’s stock price (MRK) rose in the last session and attempted to recoup some recent losses, amid the dominance of the main downward trend in the medium term, with negative pressure due to trading below the 50-day SMA, as the price managed to vent off oversold saturation in the Stochastic, sending out negative signals.
Therefore we expect the price to return lower, targeting the support of $70.90, provided it settles below $81.00.
Today’s price forecast: Bearish
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