Qualcomm (QCOM) is facing a challenging period, with weakening technical indicators like the RSI and declining volume pointing towards further downside. The stock has key support levels at $160 and $150, which, if broken, could lead to additional losses. Cautious sentiment surrounding the semiconductor industry and competition concerns further cloud Qualcomm’s short-term outlook.
Intel Corporation (INTC) continues to face challenges amidst broader economic uncertainties and sector-specific pressures. The stock is trading near critical support at $19.48, with potential resistance looming at $22.00. While the company struggles to stabilize earnings, the upcoming earnings release will be key. Market sentiment remains cautious, but technical indicators hint at the possibility of a reversal, depending on whether support levels hold. Traders should watch the next few sessions closely for a potential breakout.
Warner Bros. Discovery (WBD) is currently testing critical support levels at $7.00 amid broader market uncertainties and sector-specific challenges. Technical indicators suggest a potential rebound, but investor sentiment remains cautious. This analysis identifies key levels to watch, with a tentative long trade setup if the stock moves above $7.50. With macroeconomic events on the horizon, traders should monitor developments closely.
GBP/USD is currently at a critical juncture, trading near the key support level of 1.3000. Recent macroeconomic data from both the UK and US, combined with upcoming central bank meetings, will be key drivers for this currency pair. Technically, a reversal is possible from this level, and the pair could rally toward the 1.3200 resistance. Sentiment remains mixed, but technical patterns suggest a potential upside in the near term.
The EUR/USD is positioned for a bullish move as the ECB’s hawkish stance contrasts with the Federal Reserve’s potential dovish pivot. With strong technical support at 1.0950 and resistance at 1.1100, traders should watch upcoming economic events for further validation. The sentiment is also bullish, as market participants expect the Euro to outperform the US Dollar in the near term.
Warner Bros. Discovery (WBD) shows bearish momentum as macroeconomic pressures and sector challenges weigh on the stock. With key support levels in focus and a bearish RSI nearing oversold conditions, short positions may offer attractive risk/reward setups. Look for further declines toward $6.00, with potential resistance at $7.50.
The US100 index is approaching a critical resistance level of 19,000, with technical indicators showing mixed signals. While RSI remains neutral, volume trends hint at potential selling pressure. Upcoming Federal Reserve decisions and economic data will be crucial in determining the index’s future direction. Traders should closely monitor price action at key support and resistance levels.
Gold is on the verge of breaking above $2,550, supported by robust technical and fundamental analysis. Continued macroeconomic uncertainty and bullish sentiment favour further price appreciation. Key resistance and support levels are $2,550 and $2,450, respectively, with a potential upside to $2,600 and beyond.
Check Point Software Technologies Ltd. (CHKP) shows promising bullish momentum as the company capitalizes on growing demand for cybersecurity solutions. Technical analysis points to a possible breakout above $195, while strong fundamentals support the continuation of the upward trend. Investors should watch for upcoming earnings reports and corporate guidance that could impact the stock’s future direction.
Microsoft’s stock (MSFT) is showing signs of recovery after a recent pullback, with key technical indicators suggesting a potential bullish reversal. A double-bottom pattern at the $390 support level and strong earnings growth are setting the stage for further gains. While macroeconomic uncertainties remain, the market outlook for MSFT is positive as investor sentiment improves. The next major resistance sits at $430, with potential upside towards $460.
