Procter & Gamble (PG) rose in its latest intraday trading as the stock attempts to recover part of its previous losses while also trying to relieve some of its clear oversold saturation on the RSI indicators, especially with the arrival of positive signals. However, continued negative pressure persists from trading below its previous 50-day SMA, which reinforces the stability and dominance of the main medium-term descending trend, particularly with the price moving alongside a supporting trendline for this bearish path.

Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $144.45 remains intact, targeting again the support level at $138.15.

Today’s price forecast: Bearish

Comcast Corporation (CMCSA) declined in its latest intraday trading after approaching resistance at its previous 50-day SMA, which limits the stock’s chances of a near-term recovery. This comes amid the dominance of the main medium-term descending trend, with the price moving alongside a short-term secondary trendline that supports this bearish structure. We also note that the RSI indicators have reached extremely overbought levels.

Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $28.28 remains intact, targeting the pivotal support level of $25.75.

Today’s price forecast: Bearish

Honeywell International Inc. (HON) declined in its latest intraday trading after colliding with the resistance of its previous 50-day SMA, with the firmness of the pivotal resistance level at $195.20 further intensifying the negative pressure surrounding the stock. In addition, the RSI indicators have reached extremely overbought levels in an exaggerated manner compared to the price movement, suggesting the early formation of a bearish divergence.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the mentioned resistance level of $195.20, targeting the support level of $186.75.

Today’s price forecast: Bearish

United Airlines Holdings, Inc. (UAL) declined slightly in its latest intraday trading after the pivotal resistance level at $110.25 held, as the stock attempts to acquire positive momentum that may help it break through this resistance. This comes while benefiting from dynamic support provided by trading above its previous 50-day SMA, and under the dominance of the main short-term ascending trend, with the price moving alongside a supporting trendline. We also note the arrival of positive signals from the RSI indicators after the stock successfully relieved its overbought saturation.

Therefore we expect the stock to rise in its upcoming trading, especially if it breaks the mentioned resistance at $110.25, targeting thereafter the next resistance level at $124.00.

Today’s price forecast: Bullish