The price of (crude oil) rose slightly in its last intraday trading, due to the positive support due to its lean on the support of its EMA50, under the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trend line for this track, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, which reduced the last gains.
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Toncoin (TONUSD) advanced cautiously in its latest intraday trading, supported by positive signals from the relative strength indicators. This rise brought the price to test resistance at the 50-day SMA while simultaneously retesting a main short-term descending trend line. However, the relative strength indicators have reached extremely overbought levels compared to the price movement, adding further negative momentum around the cryptocurrency.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $2.3778 holds, targeting the key support level of $2.0168.
Today’s price forecast: Bearish.
Roblox Corporation (RBLX) stock slipped lower in its latest intraday trading, breaking a main short-term ascending trend line. This decline was accompanied by a drop below the previous 50-day SMA, exposing the stock to increased negative pressure. The move was also supported by a significant rise in trading volumes, confirming the validity of this technical breakdown, along with the appearance of a bearish crossover on the relative strength indicators.
Therefore, we expect the stock to decline in its upcoming trading sessions, especially if it breaks below the key support level of $112.00, targeting the next support level at $100.00.
Today’s stock forecast: Bearish.
Williams-Sonoma, Inc (WSM) stock rose again in its latest intraday trading after finding support at the previous 50-day SMA, which provided some renewed positive momentum. The main short-term bullish trend remains dominant, with trading along an ascending line that supports this direction. However, negative signals have started to appear from the relative strength indicators after reaching extremely overbought levels, which may limit the stock’s upcoming gains.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $186.00 holds, targeting the key resistance level of $217.80.
Today’s stock forecast: Bullish.
