Manchester Uniteds stock price (MANU) rose in latest intraday trading, after rebounding from the support of the 50-day SMA, which provided positive momentum behind the current advance. This rise was further supported by the early formation of a positive divergence on the Stochastic, after it had reached extremely oversold levels exaggerated relative to the price movement with positive signals now starting to emerge. The stock remains under the dominance of a short-term upward trend.

Therefore we expect the stock to rise in upcoming trading, as long as the support of $16.67 holds on, targeting the pivotal resistance level of $19.65.

Todays price forecast: Bullish