PVH Corp (PVH) stock advanced slightly in its latest intraday trading, supported by its position above the previous 50-day SMA, which provides renewed positive momentum in the short term. However, the stock remains under the dominance of a main downward trend, trading along a descending trendline that reinforces this bearish direction. Additionally, a negative crossover has begun to emerge in relative strength indicators after reaching extremely overbought levels, increasing downward pressure on the stock.

Therefore we expect the stock price to decline in upcoming intraday trading, as long as the resistance at $80.50 holds, targeting the support level at $70.00.

Todays price forecast: Bearish.