Blackstone Inc. (BX) declined in its latest intraday trading, amid the flow of negative signals from the RSI indicators, as the stock attempts to build positive momentum that may help it recover and rise again. This comes while benefiting from dynamic support provided by trading above its 50-day SMA, which reinforces the stability of a short-term ascending sub-wave. In addition, we note that the RSI indicators have reached excessively oversold levels compared with the stock’s price action.

Therefore we expect the stock to rise in its upcoming trading, provided that the support level at $149.00 holds, targeting the resistance level at $162.70.

Today’s price forecast: Bullish

Palo Alto Networks, Inc. (PANW) edged higher in its latest intraday trading, accompanied by a noticeable increase in trading volumes, as the stock attempts to recover part of its previous losses. This move comes after the stock was affected by breaking a medium-term ascending trendline, while negative pressure continues due to trading below its previous 50-day SMA. In addition, negative signals are flowing from the RSI indicators.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level at $193.10, targeting the important support level at $180.00.

Today’s price forecast: Bearish

Baker Hughes Company (BKR) rose in its latest intraday trading after the support level at $44.25 held, providing the stock with some positive momentum that helped it achieve these gains. This move was supported by the emergence of a positive crossover on the RSI indicators, as the stock attempts to recover part of its previous losses while also trying to relieve some of its clear oversold condition, especially with the start of positive signal inflows.

Therefore we expect the stock to decline in its upcoming trading, particularly if it breaks the mentioned support level at $44.25, targeting thereafter the next support level at $41.95.

Today’s price forecast: Bearish

Robinhood Markets (HOOD) rose in its latest intraday trading, as the stock attempts to relieve part of its clear oversold condition on the RSI indicators, especially with the emergence of positive signals. However, negative pressure remains in place due to trading below its previous 50-day SMA, which reinforces the stability and dominance of the short-term descending corrective trend, particularly with price action moving alongside a supporting trendline.

High-risk warning: HOOD belongs to a group of stocks commonly known as “meme stocks,” which are characterized by heavy speculative activity. As a result, the stock’s price movement often deviates from technical expectations or fundamental analysis, and can at times be sudden and unpredictable.

Therefore we expect the stock to decline in its upcoming trading, especially as long as it remains below the resistance level at $125.60, targeting the pivotal support level at $102.10.

Today’s price forecast: Bearish