Palo Alto Networks, Inc. (PANW) edged higher in its latest intraday trading, accompanied by a noticeable increase in trading volumes, as the stock attempts to recover part of its previous losses. This move comes after the stock was affected by breaking a medium-term ascending trendline, while negative pressure continues due to trading below its previous 50-day SMA. In addition, negative signals are flowing from the RSI indicators.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level at $193.10, targeting the important support level at $180.00.

Today’s price forecast: Bearish

Baker Hughes Company (BKR) rose in its latest intraday trading after the support level at $44.25 held, providing the stock with some positive momentum that helped it achieve these gains. This move was supported by the emergence of a positive crossover on the RSI indicators, as the stock attempts to recover part of its previous losses while also trying to relieve some of its clear oversold condition, especially with the start of positive signal inflows.

Therefore we expect the stock to decline in its upcoming trading, particularly if it breaks the mentioned support level at $44.25, targeting thereafter the next support level at $41.95.

Today’s price forecast: Bearish

Robinhood Markets (HOOD) rose in its latest intraday trading, as the stock attempts to relieve part of its clear oversold condition on the RSI indicators, especially with the emergence of positive signals. However, negative pressure remains in place due to trading below its previous 50-day SMA, which reinforces the stability and dominance of the short-term descending corrective trend, particularly with price action moving alongside a supporting trendline.

High-risk warning: HOOD belongs to a group of stocks commonly known as “meme stocks,” which are characterized by heavy speculative activity. As a result, the stock’s price movement often deviates from technical expectations or fundamental analysis, and can at times be sudden and unpredictable.

Therefore we expect the stock to decline in its upcoming trading, especially as long as it remains below the resistance level at $125.60, targeting the pivotal support level at $102.10.

Today’s price forecast: Bearish

Citigroup Inc. (C) surged sharply in its latest intraday trading, accompanied by a noticeable gradual increase in trading volumes. This comes amid the dominance of the main ascending trend, with the stock moving alongside a supporting short-term trendline, and continued dynamic support from trading above its previous 50-day SMA. In addition, a positive crossover has begun to emerge on the RSI indicators after the stock successfully relieved its overbought condition, giving it more room to achieve further gains in the near term.

Therefore we expect the stock to rise in its upcoming trading, targeting the nearby resistance level at $119.00, with strong chances for a breakout.

Today’s price forecast: Bullish