Mattel (MAT) stock declined in its latest intraday trading, after hitting resistance at its previous 50-day SMA, which exposed it to negative pressure. This pressure was further reinforced by the stocks movement along a short-term downward trend line, while the Stochastic indicators reached strongly overbought levels, reducing the chances of a near-term recovery.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 19.00 holds, to then target its first support level at 17.75.

Todays price forecast: Bearish.