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Berkshire price suffers from negative pressures - Forecast today - 01-08-2025

Economies.com
2025-08-01 12:48PM UTC
AI Summary
  • Berkshire Hathaway Inc. New (BRK.B) stock is facing negative pressures and is currently in a short-term corrective downtrend
  • The stock is trading below the 50-day simple moving average and bearish signals are emerging from the Stochastic indicator
  • The forecast for the stock is bearish, with a target support level at $455.30 as long as resistance at $486.90 holds

Berkshire Hathaway Inc. New (BRK.B) stock declined in its recent intraday trading, under the control of a short-term corrective downtrend and trading along a descending trendline that reinforces this direction. The stock continues to face negative pressure from trading below the 50-day simple moving average. Additionally, bearish signals are emerging from the Stochastic after reaching extremely overbought territory.

 

Therefore, we expect the stock to decline in upcoming sessions, as long as resistance at $486.90 holds, targeting the support level at $455.30.

 

Today’s price forecast: Bearish.

 

 

 

 

Eli Lilly price breaches upward correctional trend line - Forecast today - 01-08-2025

Economies.com
2025-08-01 12:47PM UTC

Eli Lilly and Company (LLY) stock slipped lower in its recent intraday trading, breaking below a short-term corrective ascending trendline. This drop coincided with a breach of support at the 50-day simple moving average, further intensifying the surrounding bearish pressure—particularly with bearish signals emerging from the Stochastic, despite it being deep in oversold territory.

 

Therefore, we expect the stock to decline in upcoming sessions, as long as resistance at $779.50 holds, targeting the key support level at $709.00.

 

Today’s price forecast: Bearish.

 

 

 

 

 

 

Walmart price readies to tackle pivotal resistance - Forecast today - 01-08-2025

Economies.com
2025-08-01 12:47PM UTC

Walmart Inc (WMT) stock advanced slightly in its recent intraday trading, supported by continued movement above the 50-day simple moving average and under the control of a dominant upward trend, trading along a short-term ascending trendline that reinforces this direction. With this rise, the stock is preparing to challenge the key resistance level at $100.00. However, a bearish crossover is beginning to appear in the Stochastic after reaching extremely overbought territory, which could weigh on the stock’s near-term upward potential.

 

Therefore, we expect the stock to rise in upcoming sessions, but on the condition that it first breaks above the $100.00 resistance level, targeting the next key resistance at $105.00.

 

Today’s price forecast: Bullish.

 

 

 

 

JPMorgan price tries to vent off overbought saturation - Forecast today - 01-08-2025

Economies.com
2025-08-01 12:47PM UTC

JP Morgan Chase & Co (JPM) stock edged slightly lower in its recent intraday trading, following a hold at the psychological resistance level of $300. The stock is attempting to build positive momentum that could help it break through this resistance, while also working to relieve its clearly overbought Stochastic conditions, especially as early bearish signals begin to emerge. The stock remains under the control of a dominant upward trend, trading along a short-term ascending trendline that supports this direction.

 

Therefore, we expect the stock to rise in upcoming sessions, provided it first breaks above the $300.00 resistance level, targeting the next resistance at $315.00.

 

Today’s price forecast: Bullish.