On Holding AG (ONON) stock rose in its latest intraday trading, as the stock attempts to recover some of its previous losses. This comes within the context of a prevailing short-term corrective downtrend, with continued negative pressure from trading below the 50-day SMA. Additionally, while the Relative Strength Index is showing some bullish signals, it remains deeply in overbought territory relative to price action, indicating weak surrounding momentum.

Therefore we expect the stock to decline in upcoming sessions, as long as resistance at $55.95 holds, targeting the support level at $50.75.

Today’s price forecast: Bearish.

Broadcom (AVGO) stock continued its rise in recent intraday trading, successfully breaking through its current resistance level at $283.00. The move comes under strong control of the prevailing upward trend, with the stock trading along a short-term ascending trendline. Positive pressure remains from trading above the 50-day SMA, coupled with reinforcing bullish signals from the Relative Strength Index.

Therefore we expect the stock to rise in upcoming sessions, especially as long as it remains above $283.00, targeting the initial resistance level at $304.00.

Today’s price forecast: Bullish.

Chevron Corporation (CVX) stock jumped higher in its latest intraday trading, under the influence of a short-term corrective uptrend and movement along an ascending trendline. The stock remains supported by ongoing positive pressure from trading above its 50-day SMA. This recent rise came after the stock successfully absorbed previous overbought RSI levels, giving it more room to achieve further gains.

Therefore we expect the stock to rise in upcoming trading sessions, as long as support at $148.60 holds, targeting the key resistance level of $155.90 in preparation to challenge it.

Today’s price forecast: Bullish.

D.R. Horton, Inc (DHI) stock advanced slightly in its latest intraday trading, supported by a prevailing short-term corrective uptrend and movement along an ascending trendline. Positive momentum continues as the stock remains above its 50-day SMA. Additionally, the Relative Strength Index has reached extremely oversold territory compared to price action, suggesting the formation of a potential bullish divergence that could reinforce upward pressure.

Therefore we expect the stock to rise in upcoming trading sessions, as long as support at $128.35 holds, targeting the resistance level of $153.00.

Today’s price forecast: Bullish.