Under Armour price tries to vent off oversold saturation - Forecast today - 22-04-2024

Under Armour’s stock price (UAA) advanced in the intraday levels while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI, with positive signals from the RSI, amid the dominance of the downward trend in the intraday levels, coupled with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower and target the pivotal support of $6.30, provided the resistance of $7.20 holds on.

Forecast today: Likely Bearish