Technical Report
Baker Hughes Company - BKR AI Score : 88.45%
BKR exhibited a strong bullish trend beginning in June 2024, maintaining upward momentum through February 2025. During this period, the stock consistently used the 20-day and 50-day simple moving averages (SMAs) as dynamic support levels, only briefly testing the 200-day SMA mid-2024.
Since February, however, BKR has faced significant headwinds, marked by heightened volatility and a notable shift to a bearish trend. The stock broke below the 20-day and 50-day SMAs in February and March, followed by a decisive breakdown through the 200-day SMA in late April.
Currently, BKR appears to be consolidating near its yearly low, with signs of stabilization forming around the $35 level. This price point has demonstrated strong support, reinforced by the stock repeatedly bouncing off its 20-day SMA. The Relative Strength Index (RSI) previously indicated oversold conditions near $35, and with the RSI now approaching 70, there is potential for continued upward momentum.
A critical support-resistance range lies between $35 and $40. If BKR maintains its consolidation and builds on the current positive momentum—supported by the MACD trending upwards but still below the zero line—there is room for a bullish breakout. Should upward momentum accelerate, BKR could target the $40 level, with potential to extend gains toward the next key resistance at $45.
A short-term dip could present an attractive long-term buying opportunity, particularly if the $35 support level holds. Overall, BKR is at a pivotal technical juncture with favorable risk-reward dynamics for investors seeking a potential trend reversal.
Nvidia Corporation - NVDA AI Score : 85.14%
NVDA is currently trading around the $139 level, continuing a strong upward trend that began with a key bounce off the $100 support level in April. Since then, the stock has decisively broken above its 30-day, 50-day, and 200-day simple moving averages—an indication of strong bullish momentum despite broader market headwinds.
The next key resistance levels are $140, followed by the all-time high around $150. However, with the Relative Strength Index (RSI) currently at 74.81, NVDA appears to be in overbought territory, suggesting a short-term pullback may be imminent. A healthy correction to the $135 level could provide a more attractive long-term entry point.
The MACD is also signaling caution, with the MACD line trading above 6—well above neutral territory—which may imply that the current rally is extended and due for a pause.
Should a correction occur, key support levels to watch are $135 and potentially $130. A strong bounce off either of these levels, especially with rising trading volume, could reinforce investor confidence and set the stage for a renewed move toward the $140 and $150 targets. The nature and strength of that bounce will be critical in determining whether NVDA has the momentum to break through its all-time highs.
In summary, while NVDA remains in a strong uptrend, near-term technical indicators suggest the possibility of a pullback. Investors may find better risk-reward entry points on a correction, particularly if supported by volume confirmation and strong price action off key support zones.
Pinduoduo Inc. - PDD AI Score : 84.78%
PDD currently presents a compelling opportunity at the $100 level following a sharp post-earnings decline of approximately 20% from the $120 mark. Notably, even at $120, the stock exhibited potential for further upside, making this drop particularly intriguing from a value perspective.
As illustrated by the Heikin Ashi chart, PDD tends to move in well-defined directional phases—either upward or downward—rather than exhibiting choppy, erratic price action. Historically, these moves often occur in intervals of 15–20%, both on rallies and corrections.
Following the recent decline, PDD has broken below its 20-day, 50-day, and 200-day simple moving averages, signaling significant bearish momentum. The stock is now consolidating around the $100 level, a psychologically and technically important support zone.
The Relative Strength Index (RSI) has dropped to near-oversold territory at approximately 34, suggesting that selling pressure may be overextended in the short term. However, the MACD continues to trend downward, indicating that bearish momentum may not be fully exhausted.
Key resistance remains at the $120 level, as highlighted by the purple trendline in the second chart. This level has historically served as a strong ceiling, and PDD has repeatedly struggled to break above it. For a sustained recovery, PDD would first need to reclaim its 50-day SMA and gain momentum toward that $120 resistance zone.
At current levels, PDD offers a potential long-term buying opportunity—particularly for investors with a higher risk tolerance. However, further downside to the $95 or even $90 support levels cannot be ruled out if bearish pressure persists. Monitoring volume during this consolidation phase, as well as the stock’s reaction to the $100 support, will be critical in determining whether a reversal is beginning or if more weakness lies ahead.
Newmont Corporation - NEM AI Score : 82.81%
Since October of last year, NEM has experienced notable volatility, forming a U-shaped price pattern that has led to increased consolidation around the $52 level. After bottoming at $38, the stock began a steady recovery, gaining momentum and breaking through its 20-day, 50-day, and 200-day simple moving averages—signaling a shift toward bullish sentiment.
However, the rally lost steam near the $57 resistance level, a critical price ceiling highlighted by the purple trendline. Since then, NEM has struggled to regain its upward momentum. The MACD is hovering near the zero line, reflecting a lack of strong directional momentum, while the RSI has remained in the 50–55 range—both indicators pointing to a period of consolidation.
This consolidation phase is taking place near key technical levels. The 20-day and 50-day SMAs are currently aligning close to the $50–52 range, which could serve as a foundation for a breakout. If NEM can hold this support zone and volume begins to increase, the stock may be poised to challenge the $56–57 resistance area once again.
Given NEM’s recent history of volatility, there are several nearby support levels that could cushion any potential pullback. In the short term, the $50 mark is critical to watch: a sustained break above this level—accompanied by increased volume—could signal the start of a new upward leg, possibly setting the stage for a move toward previous highs.
Delta Airlines, Inc. - DAL AI Score : 81.24%
DAL, much like PDD, tends to move in broad, sweeping momentum curves—either decisively upward or downward. Currently, the stock is experiencing a period of relative stagnation, which is unusual given its historically directional movement. DAL is now hovering in the $48–50 range, a key psychological and technical level that has previously acted as strong support—most notably in October of last year and again in March of this year.
This current consolidation phase is pivotal. A break below the $48 support level could signal a bearish continuation, potentially leading to a drop toward the next major support near $45. Conversely, if the stock finds support at its 20-day SMA and builds momentum, it may attempt to break higher and test its 200-day SMA, which currently coincides with a key resistance zone marked by the purple band on the chart.
This resistance level has capped price action since late February and aligns with the broader downward trend DAL has been following over the past few months. The MACD is showing signs of a potential bearish crossover as it approaches the neutral zero line, reinforcing the risk of downside movement. Meanwhile, the RSI is hovering in a neutral range, mirroring the consolidation seen in price. A move out of this range—either into overbought or oversold territory—could offer the next directional clue.
The $48–50 range is therefore crucial. A breakout above could open the path toward the $55 level, while a breakdown may trigger a retreat toward $45. Traders and investors should closely monitor price action and volume around this zone, as it may dictate DAL’s next major move.
Alphabet Inc. - GOOG AI Score : 81.09%
GOOG presents a compelling technical setup. Over the past few months, the stock has quietly built substantial upward momentum, climbing incrementally by a few percentage points week after week. After establishing a strong base around the $150 level, GOOG has broken above its 20-day and 50-day simple moving averages, and it now trades near its 200-day SMA with signs of mild consolidation.
The Relative Strength Index (RSI) currently sits at 62.60, indicating that while the stock is trending toward overbought territory, it still has room for continued upside before a potential pullback. Meanwhile, the MACD continues to signal strong bullish momentum, with the potential to revisit the prior high MACD level of 5.00 seen in late December 2024.
Previous resistance levels at $160 and $170 have been decisively broken, suggesting a shift in sentiment and trend strength. GOOG now appears poised to test the next psychological level of $180, with an ultimate upside target of $200—potentially setting up for new all-time highs if the current momentum holds.
However, traders should also monitor the 200-day SMA closely. A failure to hold above this level may lead to a short-term pullback. In that scenario, the $160–$170 range should offer solid support and could present a high-conviction buying opportunity on weakness.
In summary, GOOG remains in a strong uptrend with further upside potential, but traders should remain alert to any consolidation or corrective movements, especially around major technical levels.
Leidos Holdings, Inc. - LDOS AI Score : 80.85%
Leidos Holdings (LDOS) has been performing in a similar fashion to GOOG, steadily climbing since being added to our watchlist at the $130 level. The stock gained incrementally week after week, ultimately approaching the significant resistance level at $160. This strong upward momentum was supported by bullish price action that pushed LDOS above its 20-day, 50-day, and 200-day simple moving averages. However, as the stock neared the $160 mark, it began to lose steam, with declining volume unable to sustain the breakout. A mild correction followed, bringing LDOS back to its 50-day SMA—a level that now serves as a critical support zone, along with the nearby $140 price level.
From a technical perspective, the RSI has pulled back sharply and now sits at 43.42, suggesting that the stock is closer to oversold territory than overbought, which could indicate a potential reversal. Meanwhile, the MACD is beginning to flatten, showing signs that the recent bearish momentum is starting to slow. If LDOS can hold above the 50-day moving average or bounce off the $140 level with renewed buying volume, there may be a strong case for a retest of the $160 resistance. Given the overall structure of the recent price action and technical indicators, LDOS appears to be at a key inflection point. If support holds, the stock may resume its prior uptrend in the near term.
Novo Nordisk A/S - NVO AI Score : 79.07%
Novo Nordisk (NVO) has been displaying a somewhat uncharacteristic pattern over the past few months, deviating from its historically steady performance. Over the past year, the stock has experienced significant downward momentum, dropping almost in a straight line from around $140 to its current level near $70. Despite this sharp decline, the drop wasn’t accompanied by extreme volatility; rather, NVO has largely moved in step with its 20- and 50-day simple moving averages, indicating a steady downtrend with the exception of a more abrupt dip in late December. Following that drop, however, there was a notable spike in volume—an early sign of renewed investor confidence in the pharmaceutical giant.
Since then, the stock has entered a prolonged consolidation phase, stabilizing around the $70 level, which also aligns with the 50-day SMA. This convergence suggests that NVO may be building a base and could be poised for an upward breakout. While the 200-day SMA remains significantly above the current price—highlighting the longer-term bearish pressure—the tightening price action indicates that momentum might be shifting. Caution is warranted, as the stock remains technically weak after its prolonged decline, and any dip in investor confidence at this resistance level could trigger another setback. However, should NVO break through this $70 zone with strong volume, the move could gain traction and begin to target the $100 level in the medium term.
The MACD, which tends to track NVO’s trend-driven movements, is nearing a peak that has been tested twice before. A successful third test may signal a breakout and sustained rally. Additionally, the RSI stands at 55.42, reflecting a neutral-to-bullish bias that reinforces the case for potential upside if momentum continues to build.
Micron Technology Inc. - MU AI Score : 78.43%
Micron Technology (MU) appears to be re-entering a familiar consolidation zone between the $100 and $105 range—a level that has historically acted as a psychological barrier and technical resistance. After experiencing downward pressure in early April, MU staged a strong rebound from the $65 level, building significant upward momentum that carried the stock through both the 20-day and 50-day simple moving averages. That rally has now brought MU up to the 200-day SMA, where price action often slows and consolidation typically begins.
This level is particularly important, as MU hasn’t yet breached the $100 mark, which on its own has previously functioned as a key resistance point. Given this historical behavior, the stock may struggle to push decisively through without a clear catalyst. Momentum indicators support this cautious view—MACD levels are showing signs of a potential bearish crossover, suggesting that the recent rally might be losing steam. Meanwhile, the RSI is sitting at 66.26, nearing overbought territory, which further implies that the stock’s sharp move from $65 could be due for a pause or mild correction.
As MU approaches this critical $100 zone, investors should monitor price action closely. Whether MU breaks through and tests the upper bound of consolidation at $105, or instead pulls back to retest lower moving averages, will likely define its short-term direction.
Baidu, Inc. - BIDU AI Score : 77.50%
Baidu (BIDU) continues to demonstrate its characteristically choppy and volatile technical behavior, often oscillating within a well-defined $30 range. Over the past six months, the stock has rarely been able to break above the $100 mark, making its current level around $84 particularly significant. At this point, BIDU sits near the bottom of its typical trading tunnel, which stretches from approximately $80 to $120, with sharp, short-lived movements occurring in both directions within this band.
Technically, BIDU is currently trading below its 20-day, 50-day, and 200-day simple moving averages, reflecting broader weakness and confirming the downward pressure that has been in play. The RSI sits at 42.25, edging toward oversold territory and indicating that the selling may be losing strength. Simultaneously, the MACD is nearing a potential bullish crossover, suggesting that a reversal could be on the horizon if buying interest increases.
From a long-term perspective, this $84 level could represent a compelling entry point, especially for those with a higher risk tolerance, as the stock has historically rebounded from similar zones. However, in the short term, BIDU may still face downward momentum that could take it as low as $80, a major support level. Should it hold, this could act as a strong foundation for a rebound to retest resistance levels at $90 and possibly $100. Overall, while the near-term outlook remains uncertain, the current price zone offers notable upside potential for those positioning for a longer-term recovery.