AT&T (T) stock declined in its latest intraday trading, ending a highly volatile session in which it managed to pare much of its early losses. The stock remains under the dominance of a steep short-term corrective bearish wave, with continued negative pressure from trading below the previous 50-day SMA. In addition, a bearish divergence has begun to form on the relative strength indicators after reaching excessively overbought levels compared to the price movement, accompanied by emerging negative signals.
Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $26.50 holds, targeting the support level of $24.00.
Today’s stock forecast: Bearish.
Tesla, Inc (TSLA) stock declined in its latest intraday trading as it attempts to gain positive momentum that could help it recover and rise again. The main short-term bullish trend remains dominant, with trading along an ascending line that supports this direction, benefiting from dynamic support provided by trading above the previous 50-day SMA. In addition, positive signals are appearing from the relative strength indicators after reaching extremely oversold levels.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $411.45 holds, targeting the key resistance level of $470.75 in preparation to test it.
Today’s stock forecast: Bullish.
Bristol-Myers Squibb Company (BMY) stock declined in its latest intraday trading after successfully correcting its oversold levels on the relative strength indicators. However, continued negative pressure from trading below the previous 50-day SMA reinforces the stability and strength of the main short-term bearish trend, especially with trading along a descending line that supports this direction.
Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $46.17 holds, targeting the key support level of $42.95.
Today’s stock forecast: Bearish.
Dogecoin (DOGEUSDT) declined in its latest intraday trading under continued negative pressure from trading below the 50-day SMA, remaining under the dominance of the main short-term bearish trend with trading along a descending line that reinforces this direction. In addition, bearish signals are appearing from the relative strength indicators after previously reaching extremely overbought levels.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.21830 holds, targeting the key support level of $0.17816, with potential for a further break below it.
Today’s price forecast: Bearish.