AbbVie (ABBV) stock price rose in its latest intraday trading, as the stock attempts to unwind some of its clear oversold conditions indicated by the RSI, especially with the beginning of a positive crossover appearing in the indicator. This comes amid the dominance of a short-term corrective bearish wave, along with continued negative pressure resulting from trading below its 50-day SMA, which reduces the chances of a near-term recovery.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as it remains stable below the resistance level at $226.85, targeting the key support level at $211.70.

Today’s price forecast: Bearish

Home Depot, Inc. (HD) stock price rose in its latest intraday trading, as the stock attempts to recover part of its previous losses, while also trying to unwind some of its clear oversold conditions indicated by the RSI, especially with the beginning of a positive crossover appearing in the indicator. This comes after the stock was previously affected by breaking a short-term corrective bullish trendline, amid the dominance of a steep minor bearish wave, in addition to continued negative pressure resulting from trading below its 50-day SMA.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $356.50 remains intact, targeting the key support level at $332.00.

Today’s price forecast: Bearish

Johnson & Johnson (JNJ) stock price is attempting to gain positive momentum in its latest intraday trading, amid the dominance of the main bullish trend in the medium term, with price moving alongside a short-term minor trendline supporting this path, benefiting from the positive and dynamic pressure represented by trading above its 50-day SMA. In the background, the RSI is beginning to deliver positive signals after reaching extremely oversold levels.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above the support level at $235.45, targeting the key resistance level at $251.70.

Today’s price forecast: Bullish

Oracle Corporation (ORCL) stock price is holding on to consecutive losses in its latest intraday trading, amid continued negative and dynamic pressure represented by trading below its 50-day SMA, which reinforces the stability and dominance of the main short-term bearish trend, with price moving alongside a supporting trendline for this path. In addition, the RSI continues to deliver negative signals after reaching extremely overbought levels.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $171.75 remains intact, targeting the key support level at $135.25.

Today’s price forecast: Bearish