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EOS/USD price moves alongside downward trend line - Forecast today - 19-08-2024

Economies.com
2024-08-19 10:48AM UTC

EOS/USD price dipped in the intraday levels, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the price’s movements, hinting at negative divergence. 

 

Therefore we expect the price to drop and target the pivotal support of 0.4000, provided the resistance of 0.6157. 

 

Trend forecast: Bearish 

Tesla price tries to shake off negative pressure - Forecast today - 19-08-2024

Economies.com
2024-08-19 10:55AM UTC

Tesla’s stock price (TSLA) extended its gains in the intraday levels, with positive signals from the RSI and under the dominance of the upward correctional trend in the short term, as the stock tries to shake off negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the first resistance of $234.70, provided the support of $205.60 holds on.

 

Trend forecast: Bullish

Apple price extends gains - Forecast today - 19-08-2024

Economies.com
2024-08-19 10:54AM UTC

Apple’s stock price (AAPL) maintained its gains in the intraday levels amid the dominance of the main upward trend in the short term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, which could hinder gains. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $237.00, provided the support of $214.60 holds on, with a strong chance of a bounce lower to vent off overbought saturation and collect profits, provided that support holds its ground.

 

Trend forecast: Bullish

Microsoft price emits more negative signals - Forecast today - 19-08-2024

Economies.com
2024-08-19 10:53AM UTC

Microsoft’s stock price (MSFT) edged down in the intraday levels after the resistance of $418.50 held on, while the stock is hurt by piercing the main upward trend line in the medium term, with negative pressure from trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of $389.20, provided the resistance of $418.50 holds on.

 

Trend forecast: Bearish