Schlumberger N.V. (SLB) stock price extended its gains in its latest intraday trading, as the stock successfully overcame the negative pressure from its 50-day SMA with its recent advance. This comes amid the dominance of a primary bullish trend in the short term, with price moving alongside a supporting trendline, in addition to positive signals emerging from the Stochastic indicator, despite reaching excessively overbought levels relative to price action.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above the support level at $47.35, targeting the key resistance level at $52.45.

Today’s price forecast: Bullish

Micron Technology (MU) stock price extended its losses in its latest intraday trading, amid the emergence of negative signals from the Stochastic indicator, as the stock attempts to establish a higher low that could serve as a base to gain the positive momentum needed to resume its recovery. The stock has recently reached support at its 50-day SMA, coinciding with support from a minor short-term bullish trendline, representing a last opportunity to build this positive momentum.

Therefore we expect the stock price to rise during its upcoming trading sessions, provided that current support at $400.00 remains intact, targeting once again the key resistance level at $450.00.

Today’s price forecast: Neutral

Applied Materials, Inc. (AMAT) stock price recorded gains in its latest intraday trading, benefiting from dynamic support as it trades above its 50-day SMA, which reinforces the stability and dominance of the primary bullish trend. This comes especially as price continues to move alongside a minor short-term trendline supporting this path, while positive signals continue to emerge from the Stochastic indicator in the background.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as support at $338.00 remains intact, targeting the key resistance level at $395.95.

Today’s price forecast: Bullish

Kroger Company (KR) stock price recorded a decline in its latest intraday trading, amid the emergence of negative signals from the Stochastic indicator, as the stock attempts to establish a higher low that could serve as a base to gain the positive momentum needed to resume its recovery. This comes as dynamic support remains intact with the stock trading above its 50-day SMA, while price continues to move alongside a steep bullish trendline, reflecting the strength of this path.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as support at $69.80 remains intact, targeting the resistance level at $75.50.

Today’s price forecast: Neutral