The price of (ETHUSD) settled with cautious gains in its last intraday trading, affected by leaning on the support of the EMA50, accompanied by the emergence of the positive signals on the relative strength indicators, testing minor bearish trend line on the short-term basis, accompanied by the relative strength indicators reaching sever overbought conditions compared to the price movement, indicating a quick fading to the bullish momentum.
Solana (SOLUSDT) rose slightly in its latest intraday trading, as the price attempts to recover part of its previous losses. This comes despite the continued negative pressure from trading below its 50-period simple moving average, and under the dominance of the short-term main bearish trend with movement along a descending trendline. At the same time, the price is trying to ease some of its oversold conditions on the relative strength indicators, especially with positive signals starting to emerge.
Therefore, we expect the cryptocurrency to decline in the upcoming intraday sessions, as long as the resistance level of $164.90 remains intact, targeting the pivotal support of $145.85.
Expected direction for the upcoming sessions: Bearish.
Dollar General Corporation (DG) extended its strong gains in its latest intraday trading, supported by positive signals from the relative strength indicators, even as they remain in extremely overbought territory. The stock’s recent movement also succeeded in overcoming the negative pressure from its previous 50-day simple moving average, offering a strong indication that the short-term corrective downtrend dominating its price action has come to an end.
Therefore, we expect the stock to rise in the upcoming sessions, but confirmation requires a break above the important resistance level of $106.00. A successful breakout would signal further upward momentum toward the pivotal resistance at $117.95.
Today’s price forecast: Bullish.
Domino’s Pizza Inc (DPZ) declined in its latest intraday trading after hitting resistance at a short-term descending trendline, which forced the price to retreat. The stock continues to face negative pressure as it trades below its 50-day simple moving average, and it is now preparing to break below the key support level of $397.12. This comes after the stock successfully unwound its previous oversold condition on the relative strength indicators, which have now entered overly overbought territory relative to price movement.
Therefore, we expect the stock to decline in the upcoming sessions, especially if it breaks the mentioned $397.12 support, targeting its next support level at $368.65.
Today’s price forecast: Bearish.