International Business Machines Corporation (IBM) stock declined in its latest intraday trading, after hitting resistance at its previous 50-day SMA. The short-term corrective bearish trend remains in control, with trading moving along a downward slope line. Additional negative pressure is reinforced by bearish signals in the Stochastic indicators after reaching strongly overbought levels.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 265.80 holds, to then target the key support level of 238.25.

Today’s price forecast: Bearish.

NVIDIA Corporation (NVDA) stock rose slightly in its latest intraday trading, supported by dynamic backing from trading above its previous 50-day SMA. Positive signals also appear in the Stochastic indicators, despite being in overbought territory. All of this comes under the control of the short-term main bullish trend, with trading moving along an upward slope line that supports this outlook.

Therefore, we expect the stock to rise in its upcoming trading, to target the key and nearby resistance level of 184.50 in preparation to test it.

Today’s price forecast: Bullish.

The Goodyear Tire & Rubber Company (GT) stock declined in its latest intraday trading, as the short-term bearish trend remains in control. Negative pressure continues from trading below its previous 50-day SMA, while additional downside risks are reinforced by bearish signals in the Stochastic indicators after forming a negative divergence upon reaching strongly overbought levels, exaggerated relative to the stock’s movement.

Therefore, we expect the stock to decline in its upcoming trading, as long as it remains below 8.85, to then target the key support level of 8.00.

Today’s price forecast: Bearish.

Salesforce (CRM) stock declined in its latest intraday trading, with continued negative pressure from trading below its previous 50-day SMA. The main bearish trend remains in control, with trading moving along a minor short-term downward slope line. Additional downside risk is reinforced by negative signals in the Stochastic indicators, despite being in oversold territory.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 258.00 holds, to then target the key support level of 226.50.

Today’s price forecast: Bearish.