Lockheed Martin Corporation (LMT) stock price recorded continued gains in its latest intraday trading, amid the dominance of the main bullish trend over both the medium and short term, while moving alongside major and minor upward trendlines. The stock benefits from dynamic positive support represented by trading above its 50-day SMA, in addition to the formation of a positive divergence on the Stochastic indicator after reaching deeply oversold levels relative to price action, accompanied by emerging positive signals.
Therefore we expect the stock price to rise during its upcoming trading sessions, targeting the first main resistance level at $680.00, with opportunities for a potential breakout above it.
Today’s price forecast: Bullish
Manchester United (MANU) stock price recorded a decline in its latest intraday trading, as the stock attempts to gain positive momentum that could help it resume its upward move. Positive support remains in place as the price continues to trade above its 50-day SMA, reinforcing the stability and dominance of the main bullish trend, especially with movement alongside major and minor supporting trendlines. In the background, the Stochastic indicator is showing positive signals after reaching deeply oversold levels.
Therefore we expect the stock price to rise during its upcoming trading sessions, as long as support at $16.95 remains intact, targeting the key resistance level at $18.75.
Today’s price forecast: Bullish
HP Inc. (HPQ) stock price recorded continued losses in its latest intraday trading, amid the dominance of the main bearish trend on the medium term, while moving alongside a minor trendline supporting this path in the short term. The stock remains under negative pressure as it continues to trade below its 50-day SMA, in addition to the emergence of negative signals on the Stochastic indicator after reaching extremely overbought levels.
Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $21.20 remains intact, targeting the first support level at $17.00.
Today’s price forecast: Bearish
Ford (F) stock price recorded a decline in its latest intraday trading after the key resistance level at $14.00 held firm. With this pullback, the stock has found support at its 50-day SMA, attempting to gain positive momentum that could help it recover and move higher again. At the same time, the price is trying to unload its overbought conditions on the Stochastic indicator, especially amid the emergence of negative signals, while the main short-term bullish trend remains dominant as price moves alongside a supporting trendline.
Therefore we expect the stock price to rise during its upcoming trading sessions, especially if it breaks above the $14.00 resistance level, targeting the next resistance at $15.00.
Today’s price forecast: Bullish