EOS/USD price (EOSUSDT) edged higher in the intraday levels amid negative pressure due to trading below the 50-day SMA, and amid the dominance of the downward correctional wave in the short term, coupled with negative signals from the RSI despite settling at oversold levels, as the price tries to recoup some recent losses.
Therefore we expect the price to decline and target the support of $0.7030, provided it settles below the resistance of $0.8903.
Trend forecast for today: Bearish
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Lockheed Martin Corporation’s stock price (LMT) inched down in the intraday levels, amid negative pressure from trading below the 50-day SMA, amid the dominance of the downward correctional trend in the short term alongside a very steep trend line, with negative signals from the RSI after reaching overbought levels compared to the stock’s movements.
Therefore we expect more losses for the stock, targeting the support of $466.27, provided the resistance of $514.90 holds on.
Trend forecast for today: Bearish
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Fedex Corporation’s stock price (FDX) rose cautiously in the intraday levels, amid positive signals from the RSI, bumping into the resistance of the 50-day SMA, amid the dominance of the downward correctional trend in the short term, while the RSI reached overbought levels.
Therefore we expect the stock to return lower and target the support of $257.00, provided the resistance of $284.00 holds on.
Trend forecast for today: Likely Bearish
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Manchester United’s stock price (MANU) dipped in the intraday levels, while trying to gather positive momentum to rise anew, while leaning on the support of the 50-day SMA, amid the dominance of the upward correctional trend in the short term, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the price to return higher, targeting the pivotal resistance of $18.40, provided the support of $16.68 holds on.
Trend forecast for today: Likely Bullish
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