Alibaba price tries to recoup some losses - Forecast today - 19-06-2025
Alibaba Group Holdings’ stock price (BABA) fell in latest intraday trading, amid the dominance of the downward correctional trend in the short term, with ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels.
Therefore we expect more losses for the price, provided the resistance of $117.80 holds on, targeting the main support at $100.00.
Today’s price forecast: Bearish
Western Digital price readies to tackle a pivotal resistance - Forecast today - 19-06-2025
Western Digital Corporation’s stock price (WDC) extended its gains in latest intraday trading, while readying to tackle the pivotal resistance of $61.62, amid the dominance of the upward wave in the short term, with ongoing positive pressure due to trading above the 50-day SMA, coupled with positive signals from the Stochastic after reaching oversold levels.
Therefore we expect the stock to rise and target the aforementioned resistance of $61.62.
Today’s price forecast: Bullish
Snap price moves within a tight range - Forecast today - 19-06-2025
Snap’s stock price (SNAP) edged higher in latest intraday trading, boosted by positive signals from the Stochastic after reaching oversold levels, but still suffering from negative pressure due to trading below the 50-day SMA, forcing the stock in a tight trading range, amid the dominance of the main downward trend.
Therefore we expect the stock to decline and target the pivotal support of $7.11, provided the resistance of $9.26 holds on.
Today’s price forecast: Bearish
Schlumberger price driven lower by pivotal resistance - Forecast today - 19-06-2025
Schlumberger’s stock price (SLB) fell mildly in latest intraday trading after the pivotal resistance of $36.65 held on, with the price trying to gather momentum to rebound and pierce that resistance, while venting off overbought saturation in the Stochastic after reaching overbought levels, amid the dominance of the upward correctional wave in the short term, with ongoing positive pressure due to trading above the 50-day SMA.
Therefore we stand neutral until the stock moves on the pivotal resistance of $36.65, with a breach opening the door for more gains towards the resistance of $39.70.
Today’s price forecast: Neutral