Dick’s Sporting Goods Inc.’s stock price (DKS) extended its rise in latest intraday trading, amid the dominance of a strong upward correctional wave in the short term, supported by continued trading above the 50-day SMA, which acts as dynamic support maintaining the bullish path. This comes alongside positive signals streaming from the Stochastic, despite it reaching extremely overbought levels.

Therefore we expect the stock to rise further in upcoming trading, targeting the nearby resistance level of $219.75 in preparation to attack it.

Today’s price forecast: Bullish

Adobe Inc.’s stock price (ADBE) declined in latest intraday trading, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line, with ongoing negative pressure from trading below the 50-day SMA. With its recent drop, the stock broke below the current support level of $373.75, following earlier moves that successfully vented off its oversold saturation on the Stochastic — allowing room for further losses in the near term.

Therefore we expect the stock to decline in upcoming trading, especially if it confirms the break below $373.75, targeting the pivotal support level of $338.65.

Today’s price forecast: Bearish

Blackstone Inc.’s stock price (BX) extended its rise in latest intraday trading, amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line, supported by ongoing dynamic strength from trading above the 50-day SMA. With its latest climb, the stock successfully breached the current resistance level of $160.75, reinforcing the scenario of continued bullish momentum.

Therefore we expect the stock to rise in upcoming trading, especially as long as it remains above $160.75, targeting the resistance level of $180.70.

Today’s price forecast: Bullish

Palo Alto Networks, Inc.’s stock price (PANW) slipped lower in latest intraday trading, after failing to breach the pivotal resistance level of $207.25, which exposed the stock to increased negative pressure. This led to a break below a short-term rising trend line, accompanied by a notable surge in trading volumes — technically confirming the breakdown. The move also took the price below the 50-day SMA, adding further to the surrounding bearish pressure.

Therefore we expect the stock to decline further in upcoming trading, especially if it stabilizes below the support level of $194.40, targeting the next support at $180.70.

Today’s price forecast: Bearish