Dow Inc. (DOW) stock declined in its latest intraday trading, following a rebound from resistance at the 50-day SMA. The stock remains under the control of a prevailing downtrend, trading along a short-term descending trendline. However, a potential bullish crossover in the Relative Strength Index is beginning to emerge, which may help limit further losses.

 

Therefore we expect the stock to decline in upcoming sessions, as long as resistance at $31.00 holds, targeting the key support level at $25.00.

 

Today’s price forecast: Bearish.