The Applied Materials stock (AMAT) price declined affected by a key resistance- today’s forecast-20-06-2025
The price of Applied Materials, Inc (AMAT) declined in its intraday trading, due to the stability of the key resistance level at $176.38, attempting to gain positive momentum that might assist it to breach this resistance, and attempts to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, amid the dominance of the bullish correctional trend on the short-term basis due to its trading above its EMA50, reinforcing the stability of the positive scenario.
Therefore, our forecast suggests a rise in the (AMAT) stock price in its upcoming trading, when breaching the resistance at $176.38, to target its next resistance at $194.33.
Today’s forecast: Bullish
The (KR) Price breaks a bullish trend line- today’s forecast-20-06-2025
The price of Kroger Company (ZS) declined in its intraday trading, amid its affection by breaking the main bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below Its EMA50, accompanied by a clear increase in the trading volumes, which reinforces the chances for more of the losses, especially with the appearance of negative overlapping signals on the (RSI), after reaching overbought levels.
Therefore, our forecast suggests a decline in the (KR) price in its upcoming trading, if it breaks the significant support at $65.50, to reach the support level at $62.00.
Today’s forecast: Bearish
(ZS) Price attempts to gain a positive momentum- today’s forecast-20-06-2025
The price of Z Scaler Inc (ZS) declined in its intraday trading, with the emergence of the negative signals on the (RSI), attempting to gain a positive momentum that might assist it to recover and rise again, amid a full dominance for the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above its EMA50.
Therefore, our forecast suggests a rise in (ZS) price in its upcoming trading, if the support settles at $290.50, to target the initial resistance level at $325.00
Today’s forecast: Bullish
(Now) price attempts to gain a positive momentum- today’s forecast-20-06-2025
The price of ServiceNow Inc (NOW) declined in its intraday trading, amid the attempts of gaining positive momentum that might assist it to recover and rise again, amid the dominance of the bullish correctional trend on the short-term basis, taking advantage of the dynamic support that is represented by its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.
Therefore, our forecast suggests a rise in (NOW) price in its upcoming trading, if the near support settles at $964.20, to target the critical resistance level at $1,046.00.
Today’s forecast: Bullish