Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Morgan Stanley's stock fell 1.31%, collecting recent short-term profits while gathering momentum to help it pierce the resistance of 46.28, with negative signals from the RSI, amid the dominance of the upward correctional wave in the short term, with positive support from the 50-day SMA.
Therefore we expect the stock to rise, especially if the resistance of 46.28 was breached, targeting the next one at 49.89.
Expected trend for today: Bullish