Flow (FLOWUSDT) held steady at a lower level in its recent intraday trading, under the control of a short-term corrective downtrend and trading along a descending trendline. The asset continues to face negative pressure from remaining below the 50-day simple moving average, reinforcing the bearish outlook. This comes after the price successfully relieved its oversold Stochastic conditions, creating more room for potential losses.
Therefore, we expect the price to decline in upcoming intraday sessions, as long as resistance at 0.409 holds, targeting the support level at 0.368.
Today’s price forecast: Bearish.
American Airlines Group, Inc (AAL) stock declined in its recent intraday trading, with the drop finding support at the 50-day simple moving average, coinciding with a test of a short-term corrective ascending trendline. This confluence strengthens the importance of this area as a potential support zone where the stock may establish a higher low to launch a renewed upward move. This outlook is further supported by a developing bullish crossover in the Stochastic, after reaching extremely oversold territory relative to price movement, suggesting the beginning of a bullish divergence.
Based on this, we expect the stock to rise in upcoming sessions, provided support at $11.00 holds, targeting the key resistance level at $13.18.
Today’s price forecast: Bullish.
MongoDB, Inc (MDB) stock declined in its recent intraday trading, following the firm hold of the key resistance level at $250.95. This led to profit-taking from previous gains and an attempt to relieve clearly overbought Stochastic conditions, especially as a bearish crossover begins to form. The stock is now trying to regain positive momentum that may help it break through that resistance, supported by continued trading above the 50-day simple moving average and under the influence of a short-term corrective uptrend, trading along a supportive ascending trendline.
Therefore, we expect the stock to rise in upcoming sessions, provided it first breaks above the aforementioned resistance at $250.95, targeting the next resistance level at $298.90.
Today’s price forecast: Bullish.
SAP SE (SAP) stock rose in its recent intraday trading, following a rebound from the key support level at $285.50. This level represents the neckline of a potential bearish technical formation—a double top pattern developing in the short term. The stock’s rise attempts to recover part of prior losses and relieve its clearly oversold Stochastic conditions, especially as a bullish crossover begins to appear. However, the stock had previously broken a short-term ascending trendline and continues to face negative pressure from trading below the 50-day simple moving average, which increases the likelihood of further losses in the near term.
Therefore, we expect the stock to decline in upcoming sessions, especially if it breaks below the $285.50 support level, which would confirm the validity of the emerging pattern, targeting the initial support level at $269.90.
Today’s price forecast: Bearish.