Oklo (OKLO) stock resumed its rise in recent intraday trading, after successfully relieving part of its clearly overbought Stochastic conditions, giving the stock more room to extend its gains. The stock remains under the control of a dominant upward trend, trading along a short-term ascending trendline that supports this direction, with continued positive pressure from staying above the 50-day simple moving average, reinforcing the stability of the bullish path.
Therefore, we expect the stock to rise in upcoming sessions, as long as support at $59.14 holds, targeting the resistance level at $85.00.
Today’s price forecast: Bullish.
Meta Platforms, Inc (META) stock declined in its recent intraday trading, amid bearish signals emerging from the Stochastic, accompanied by a noticeable increase in trading volume. With this pullback, the stock appears to be searching for a higher low that could serve as a base for regaining positive momentum. The recent decline found support at the 50-day simple moving average, while the stock remains under the control of a prevailing short-term uptrend.
Therefore, we expect the stock to rise in upcoming sessions, as long as support at $662.70 holds, targeting the key resistance level at $740.90.
Today’s price forecast: Neutral.
Microsoft Corp (MSFT) stock edged slightly higher in its recent intraday trading, under the control of a prevailing short-term uptrend and supported by dynamic momentum from continued trading above the 50-day simple moving average. However, a bearish crossover has started to appear in the Stochastic, which has limited the stock’s recent gains.
Therefore, we expect the stock to rise in upcoming sessions, as long as support at $500.75 holds, targeting the resistance level at $525.20.
Today’s price forecast: Bullish.
Intel Corporation (INTC) stock declined in its recent intraday trading, with its latest movements confirming a break below a short-term corrective ascending trendline. The stock faces compounded bearish pressure from continued trading below the 50-day simple moving average. However, a bullish crossover is beginning to appear in the Stochastic after reaching extremely oversold territory, which may help limit further losses as the stock attempts to relieve this deep oversold condition.
Therefore, we expect the stock to decline in upcoming sessions, as long as resistance at $21.30 holds, targeting the initial support level at $19.30.
Today’s price forecast: Bearish.