Ethereum Classic (ETCUSD) price remains on cautious gains in its latest intraday trading, supported by positive signals from the Stochastic indicators. However, these gains have pushed the cryptocurrency into testing the resistance of its 50-day SMA, which threatens the sustainability of the rebound and leaves the price vulnerable to a bearish reversal. This comes while the main short-term trend remains bearish, with the price continuing to move alongside a trend line supporting that downward path, limiting the chances of a full recovery in the near term.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $7.10 resistance level, targeting the important support level at $6.50.

Today’s price forecast: Bearish.

Boeing Company (BA) stock price declined in its latest intraday trading, amid the dominance of a short-term corrective bearish wave. The stock continues to face negative pressure from trading below its 50-day SMA, which acts as a dynamic resistance level and limits the chances of a near-term recovery. This weakness is further reinforced by continued negative signals from the Stochastic indicators.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $229.00 resistance level, targeting the first support level at $202.00.

Today’s price forecast: Bearish.

McCormick & Company, Incorporated (MKC) stock price extended its gains in its latest intraday trading as it attempts to correct the main short-term bearish trend. However, the latest advance brought the stock into contact with the resistance of its 50-day SMA, as it seeks to overcome this source of negative pressure. What continues to hinder a stronger recovery is the emergence of a negative crossover on the Stochastic indicators after reaching deeply overbought levels, keeping downside risks in place.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $54.50 resistance level, targeting the key support level at $45.85.

Today’s price forecast: Bearish.

Zoom Video Communications (ZM) stock price continued to decline in its latest intraday trading, breaking below the key support level at $95.70. This level represented the neckline of a bearish technical formation that developed over the short term, namely a double-top pattern. The breakdown has exposed the stock to increased negative pressure, particularly as it coincided with a move below its 50-day SMA. In the background, negative signals continue to emerge from the Stochastic indicators, reinforcing the bearish outlook.

Therefore we expect the stock price to decline in its upcoming trading, especially as long as it remains below the $95.70 level, targeting the first support level at $86.35.

Today’s price forecast: Bearish.