ETCUSD price recorded a continued decline in its latest intraday trading, under the dominance of the main short-term downtrend, with price action moving along a minor trend line supporting this bearish path. Negative pressure remains elevated due to trading below its SMA50, which increases downside risk, especially with ongoing negative signals from the RSI, despite the indicator reaching deeply oversold territory.
Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $8.85 resistance level remains intact, to target the main support at $7.00.
Expected trading trend: Bearish
C3.ai, Inc. (AI) stock price recorded gains in its latest intraday trading, as the stock attempts to recover part of its previous losses while unwinding its oversold conditions on the RSI, with positive signals starting to appear. However, negative pressure remains due to trading below its SMA50, which reinforces the stability and dominance of the main medium-term downtrend, with price action moving along a trend line supporting this bearish path.
Therefore we expect the stock price to decline in upcoming trading, as long as it remains below the $12.75 resistance level, to target the $8.80 support level.
Today’s price forecast: Bearish
Advanced Micro Devices Inc. (AMD) stock price recorded a sharp rebound in its latest intraday trading, despite being affected by a prior break of a main short-term upward trend line. Negative pressure remains in place due to trading below its SMA50, which limits the chances of a full near-term recovery. The stock is attempting to recover part of its previous losses while also unwinding oversold conditions on the RSI, with a positive crossover starting to appear.
Therefore we expect the stock price to decline in upcoming trading, as long as the $224.65 resistance level remains intact, to target the key support at $182.50.
Today’s price forecast: Bearish
Delta Air Lines, Inc. (DAL) stock price recorded gains in its latest intraday trading, after rebounding from support at its SMA50, which provided dynamic backing and helped generate positive momentum behind the move. This comes under the dominance of the main short-term upward trend, with price action moving along a supportive trend line. However, a negative crossover has started to appear on the RSI after reaching overbought territory, which may cap part of the upcoming gains.
Therefore we expect the stock price to rise in upcoming trading, as long as the $69.45 support level holds, to target the first resistance at $79.50.
Today’s price forecast: Bullish