Binance Coin (BNBUSD) held strong gains in its latest intraday trading, reaching the 1,337 resistance level. The cryptocurrency remains supported by continuous trading above its 50-day simple moving average, under a firmly established main bullish trend and trading along an upward sloping line. Moreover, the RSI continues to show positive signals, even as it stays within heavily overbought zones, which may indicate ongoing bullish momentum.
Therefore, we expect the cryptocurrency to rise in upcoming trading, particularly if it breaks above the mentioned resistance at 1,340, targeting the next resistance level at 1,490.
Today’s price forecast: Bullish.
Affirm Holdings (AFRM) declined in its latest intraday trading, pressured by a break of its main short-term uptrend line, which placed it under the control of a corrective bearish wave. The negative pressure continues as the stock trades below its 50-day simple moving average. The latest drop came after the stock successfully unwound its oversold conditions on the RSI, allowing room for further downside movement in the near term.
Therefore, we expect the stock to fall in upcoming sessions, as long as resistance holds at 80.75, targeting the support level of 69.80.
Today’s price forecast: Bearish.
Agilent Technologies, Inc. (A) slipped slightly in its latest intraday trading, as the stock took profits from previous gains and attempted to unwind some of its overbought conditions on the RSI, especially with a bearish crossover emerging. This minor pullback may allow the stock to regain its positive strength, reinforcing the stability of its clear short-term bullish trend, particularly as it continues to receive positive momentum from trading above its 50-day simple moving average.
Therefore, we expect the stock to rise in upcoming sessions, as long as support holds at 131.00, targeting the key resistance level of 153.75.
Today’s price forecast: Bullish.
Qualcomm Incorporated (QCOM) declined in its latest intraday trading, attempting to build positive momentum that could help it recover and rise again. The stock remains supported by dynamic momentum from trading above its 50-day simple moving average, under the control of a short-term bullish trend and trading along an upward-sloping line. In addition, we notice the beginning of a positive divergence forming on the RSI after it reached deeply oversold levels compared to price movement, accompanied by emerging bullish signals.
Therefore, we expect the stock to rise in upcoming sessions, as long as support holds at 163.60, targeting the key resistance level of 177.00.
Today’s price forecast: Bullish.