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Domino’s Pizza Stock Faces Continued Downward Pressure

by Daisy

Domino’s Pizza (DPZ) stock has experienced a decline in intraday trading, continuing to be influenced by a short-term downward correctional trend. The stock is under negative pressure, trading below the 50-day Simple Moving Average (SMA), although it has managed to alleviate oversold conditions on the Relative Strength Index (RSI) after holding at the key support level of $400.70.

As a result, the price is expected to continue its decline, potentially retesting the $400.70 support level, provided that the $449.12 resistance holds firm.

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Trend Forecast for Today: Bearish

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