McCormick & Company, Incorporated (MKC) stock price extended its gains in its latest intraday trading as it attempts to correct the main short-term bearish trend. However, the latest advance brought the stock into contact with the resistance of its 50-day SMA, as it seeks to overcome this source of negative pressure. What continues to hinder a stronger recovery is the emergence of a negative crossover on the Stochastic indicators after reaching deeply overbought levels, keeping downside risks in place.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $54.50 resistance level, targeting the key support level at $45.85.

Today’s price forecast: Bearish.

Zoom Video Communications (ZM) stock price continued to decline in its latest intraday trading, breaking below the key support level at $95.70. This level represented the neckline of a bearish technical formation that developed over the short term, namely a double-top pattern. The breakdown has exposed the stock to increased negative pressure, particularly as it coincided with a move below its 50-day SMA. In the background, negative signals continue to emerge from the Stochastic indicators, reinforcing the bearish outlook.

Therefore we expect the stock price to decline in its upcoming trading, especially as long as it remains below the $95.70 level, targeting the first support level at $86.35.

Today’s price forecast: Bearish.

CVS Health Corporation (CVS) stock price continued to advance in its latest intraday trading, as the stock challenges the key resistance level at $98.40. The move is supported by positive dynamic support from trading above its 50-day SMA, which reinforces the stability and dominance of the main short-term bullish trend, while the stock continues to move alongside a secondary trend line supporting this path. In addition, positive signals continue to emerge from the Stochastic indicators.

Therefore we expect the stock price to rise in its upcoming trading, especially if it succeeds in breaking above the $98.40 resistance level, targeting the next resistance level at $104.00.

Today’s price forecast: Bullish.

eBay Inc. (EBAY) stock price declined in its latest intraday trading as the stock attempts to establish a higher low that could serve as a base for building the positive momentum needed to recover and move higher again. The recent pullback has brought the stock down to the support of its 50-day SMA. Meanwhile, the Stochastic indicators have reached deeply oversold levels in an exaggerated manner compared to the stock’s price action, suggesting the formation of a positive divergence that could strengthen the prospects for a near-term recovery. This comes while the main short-term trend remains bullish, with the stock continuing to move alongside a secondary trend line supporting this path.

Therefore we expect the stock price to rise in its upcoming trading, provided that the $105.50 support level remains intact, targeting the $119.00 resistance level.

Today’s price forecast: Bullish.