Binance Coin (BNBUSD) price declined in its latest intraday trading, under negative pressure from trading below its 50-day SMA. This move also led to breaking a minor upward trend line on the short term, reinforcing the surrounding bearish pressure, especially with negative signals flowing from the Stochastic indicators, despite remaining in strongly oversold areas.
Therefore, we expect the currency to decline in its upcoming intraday trading, as long as it remains stable below the resistance level of 861.2, to then target the support level of 813.2.
Today’s price forecast: Bearish.
Toncoin (TONUSD) price declined in its latest intraday trading, with the short-term corrective bearish trend remaining in control while trading along a supporting downward slope line. Negative pressure also continues from trading below its 50-day SMA, in addition to the beginning of a negative crossover in the Stochastic indicators, after the price managed to unwind its prior oversold levels in previous trading, giving it more room to record further losses.
Therefore, we expect the currency to decline in its upcoming intraday trading, as long as it remains stable below 3.2018, to then target the key support level of 3.0218.
Today’s price forecast: Bearish.
Abbott Laboratories (ABT) stock declined slightly in its latest intraday trading, as negative signals appeared in the Stochastic indicators after previously reaching extremely overbought levels. The stock is attempting to gain positive momentum that may help it recover and rise again, supported by dynamic backing from trading above its previous 50-day SMA, while the main bullish trend remains in control, with trading moving along both major and minor upward slope lines that support this path.
Therefore, we expect the stock to rise in its upcoming trading, as long as it remains stable above 130.30, to then target the key resistance level of 139.00.
Today’s price forecast: Bullish.
Ulta Beauty (ULTA) stock witnessed a slight decline in its latest intraday trading, as the stock attempts to gain positive momentum that may help it recover and rise again. The short-term corrective bullish trend remains in control, with trading moving along a supportive slope line for this path. The stock also continues to benefit from positive pressure generated by trading above its previous 50-day SMA, in addition to the flow of positive signals in the Stochastic indicators.
Therefore, we expect the stock to rise in its upcoming trading, as long as it remains stable above 491.98, to then target the key resistance level of 562.80.
Today’s price forecast: Bullish.