Hedera Hashgraph (HBARUSD) recorded limited gains in its latest intraday trading, attempting to recover part of its previous losses. However, the main bearish trend remains dominant, with trading aligned along a short-term descending line that reinforces this direction. Continued negative pressure from trading below the 50-day SMA reduces the chances of recovery in the near term, especially as the relative strength indicators have reached extremely overbought levels compared to the price’s overall movement.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.19572 holds, targeting the key support level of $0.15524.
Today’s price forecast: Bearish.
Lennar Corporation (LEN) stock rose in its latest intraday trading, attempting to recover part of its previous losses. However, the main bearish trend continues to dominate, with trading aligned along a short-term descending line that supports this direction. Ongoing negative pressure from trading below the previous 50-day SMA remains evident, alongside bearish signals from the relative strength indicators, all of which reinforce the negative outlook.
Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $130.20 holds, targeting the key support level of $117.30, with potential to break below it.
Today’s stock forecast: Bearish.
Advanced Micro Devices Inc (AMD) stock declined in its latest intraday trading as it attempts to gain positive momentum that could help it recover and rise again. This comes amid negative signals from the relative strength indicators, although they have reached extremely oversold levels compared to the stock’s movement, suggesting a quick easing of the negative momentum. Meanwhile, dynamic support persists from trading above the previous 50-day SMA, within the dominance of the main short-term bullish trend, with trading aligned along an ascending line that supports this direction.
Therefore, we expect the stock to rise in its upcoming trading sessions, especially as long as it remains above $235.85, targeting the resistance level of $284.65.
Today’s stock forecast: Bullish.
ConocoPhillips (COP) stock inched slightly higher in its latest session, while continued negative pressure persists from trading below the previous 50-day SMA and under the dominance of the main medium-term bearish trend, with trading aligned along a descending line. Meanwhile, a bearish crossover has begun to appear on the relative strength indicators after reaching extremely overbought levels, excessively compared to price movement, which further intensifies the negative sentiment surrounding the stock.
Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $91.00 holds, targeting the support level of $84.30.
Today’s stock forecast: Bearish.