Dow Inc. (DOW) stock declined slightly in its latest intraday trading, after hitting resistance at its previous 50-day SMA. The main bearish trend remains in control, with trading moving along a minor short-term downward slope line. In addition, negative signals are flowing from the Stochastic indicators, despite being in strongly oversold territory relative to the stocks movement.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 25.25 holds, to then target the key support level of 20.40.

Todays price forecast: Bearish.