Broadcom Inc. (AVGO) stock declined in its latest intraday trading after the key resistance level of $374.45 held firm, as the stock attempts to gain positive momentum that could help it break above that barrier. At the same time, it seeks to ease its overbought conditions on the relative strength indicators, where negative signals have started to appear. However, continued dynamic support from trading above the previous 50-day SMA reinforces the stock’s short-term recovery potential, especially with the main short-term bullish trend still dominant and trading aligned with an ascending line.

Therefore, we expect the stock to rise in its upcoming trading sessions, particularly if it breaks above the mentioned resistance of $374.45, targeting the next resistance level at $405.40.

Today’s stock forecast: Bullish.

Chevron Corporation (CVX) stock resumed its decline in its latest intraday trading, as it attempts to gain positive momentum that may help it overcome the negative pressure of the previous 50-day SMA. The stock is also trying to ease its overbought conditions on the relative strength indicators, where negative signals have begun to appear. However, it remains within the dominance of a short-term corrective bullish trend, with trading along an ascending line that supports this direction.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $151.90 holds, targeting the key resistance level of $161.35 in preparation to test it.

Today’s stock forecast: Bullish.

D.R. Horton, Inc (DHI) stock declined in its latest intraday trading, pressured by a previously formed short-term negative technical pattern — the Head and Shoulders formation. Continued negative momentum persists as the stock trades below its previous 50-day SMA, while bearish signals continue to appear on the relative strength indicators after reaching extremely overbought levels earlier, reinforcing the downward outlook.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $161.55 holds, targeting the key and nearby support level of $141.00, which represents the measured target of the Head and Shoulders pattern.

Today’s stock forecast: Bearish.

Dominion Energy, Inc (D) stock declined in its latest intraday trading, pressured by the recent break of a short-term ascending trend line. The ongoing negative momentum was reinforced by trading below the previous 50-day SMA, pushing the stock down to test the key support level at $57.55. This level provided some positive momentum, helping the stock trim part of its earlier losses. Meanwhile, the relative strength indicators show early signs of a bullish crossover after reaching extremely oversold levels, suggesting an attempt to ease the selling pressure.

Therefore, we expect the stock to decline in its upcoming trading sessions, especially if it breaks below the mentioned support of $57.55, targeting the next support level at $55.35.

Today’s stock forecast: Bearish.