AstraZeneca (AZN) stock price recorded slight gains in its latest intraday trading, influenced by the firmness of the key support level at $182.40, which provided the stock with some positive momentum through which it attempts to recover part of its previous losses, amid continued negative pressure from trading below its 50-day SMA, which reduces the chances of a full recovery in the near term, especially after breaking a main upward trend line in the medium term, alongside the beginning of negative signals emerging from the Stochastic indicators after reaching deeply overbought levels.

Therefore we expect the stock price to decline in its upcoming trading, especially if it breaks below the mentioned support level at $182.40, targeting the next support level at $172.70 afterward.

Todays price forecast: Bearish