financetom
Technology
financetom
/
Technology
/
American Stocks Analysis
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
American Stocks Analysis
May 27, 2024 5:46 AM

Dicks Sporting Goods stock price (DKS) inched up in the intraday levels, with positive signals from the RSI, thus retesting the resistance of $192.23, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of $170.72, provided it settles below the resistance of $192.23.

Trend forecast: Likely Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ASML warning shocks global chip investors
ASML warning shocks global chip investors
Oct 17, 2024
AMSTERDAM (Reuters) - Investors and analysts are reviewing their assessments of computer chip equipment maker ASML, they said on Wednesday, after the company cut 2025 financial guidance, citing weakness in markets other than AI and delayed orders. The position of ASML, Europe's most valuable technology company, as an essential supplier to chipmakers is not in question. But doubts have emerged...
ASML's lowered forecast suggests factory overcapacity, not chip doom
ASML's lowered forecast suggests factory overcapacity, not chip doom
Oct 17, 2024
Oct 16 (Reuters) - ASML's deep forecast cuts that sparked a global tech stock selloff signal overcapacity at chip factories rather than a slowdown in global semiconductor demand, analysts said. While the weaker 2025 sales outlook from the chip equipment maker on Tuesday raised fears of faltering global semiconductor demand, several analysts pointed to inventory build-ups at chip factories that...
Futures subdued after tech selloff; bank earnings in focus
Futures subdued after tech selloff; bank earnings in focus
Oct 17, 2024
(Reuters) -U.S. stock index futures were largely subdued on Wednesday, following a selloff in tech and oil stocks in the previous session, as investors awaited quarterly results from Morgan Stanley and other banks. Chip heavyweight Nvidia rose 0.6% in premarket trading, after slumping nearly 5% in the previous session, following a report the Biden administration is considering capping AI chip...
Photonic startup Lightmatter raises $400 million amid AI datacenter boom, eyes IPO next
Photonic startup Lightmatter raises $400 million amid AI datacenter boom, eyes IPO next
Oct 17, 2024
Lightmatter, a Mountain View, California-headquartered startup building photonic tech in datacenter networking chips, said on Wednesday it has raised $400 million in a Series D funding round at a valuation of $4.4 billion. New investor T. Rowe Price led the funding round, with participation from existing backers including Fidelity and Alphabet's GV.     The latest funding came less than a year...
Copyright 2023-2026 - www.financetom.com All Rights Reserved