Top Technical Setups to Watch Now as Breakouts Emerge and Oversold Stocks Signal Rebounds

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TrendAnalyzer analyzing key trends in the market. With a focus on identifying and interpreting market movements, TrendAnalyzer provides insightful updates and actionable insights to help investors understand and capitalize on emerging trends.
 

•  24 Jun 2025
 

CorMedix is charging ahead after breaking to a new 52-week high on updated guidance, with volume surging to nearly 7M—well above average. The price is now extended above all key moving averages, and an RSI of 76.04 reflects strong momentum but also suggests overbought territory. This could attract short-term traders, but caution is warranted as profit-taking may follow.

Salesforce is hovering near 52-week lows, with an RSI of 44.64 and price under all major MAs. Despite being a fundamentally strong name, technically, the sideways trend offers little directional conviction right now.

Associated Banc-Corp has broken above its 200-day moving average, a positive technical signal. Trading at $23.76 with stable volume, the stock now sits above a key long-term support zone. RSI at 55.62 gives it room to move higher.

American States Water also cleared its 200-day MA at $79.52, but remains in a tight sideways range. Volume is a bit light, and RSI at 56.71 is neutral. While the technical breakout is encouraging, broader trend confirmation is needed.

CNO Financial popped above its 200-day MA at $37.94 with healthy price action. At $38.18, the breakout is subtle but technically sound. RSI at 46.37 and average volume keep this setup in check.

Hancock Whitney looks stronger than most financials, comfortably above its 200-day MA with solid RSI at 54.19 and an established uptrend. This stock is holding higher lows and showing relative strength.

Lam Research just formed a Golden Cross, a powerful bullish signal, as the 50-day MA crossed above the 200-day. With a strong uptrend and RSI at 63.45, this could be the start of a more sustained breakout, especially with strong year-to-date gains.

Airbnb slipped below its 200-day MA at $130.80, a bearish sign for the short term. Trading at $130.53, the move may spook bulls, especially with RSI at 45.24. Unless it regains that moving average soon, downside pressure could mount.

Immunocore dipped below its 200-day MA, now trading just above at $31.12. RSI at 39.39 suggests building weakness, and the volume has been drying up. The setup lacks momentum.

Rumble also crossed below its 200-day MA, showing weakness at $8.26. Volume remains neutral, and the RSI at 39.83 shows a lack of buying interest. The chart reflects ongoing consolidation, not conviction.

Lululemon is deeply oversold with an RSI of 24.17 and trading well below all major MAs. While the chart looks beaten down, the support zone around $225 could attract bounce traders. Oversold conditions often precede technical rebounds.

Toyota Motor is also oversold, with an RSI of 34.22 and price near support. Trading at $170.88, it’s sitting just below its 20-day MA, and while momentum is weak, the stock could be setting up for a near-term bounce.

Microchip Technology has been on fire, doubling in two months and staying in a strong uptrend. RSI is healthy at 65.58, and price remains above all major MAs. This stock continues to offer strength in a tech-heavy space.