IOTA (IOTAUSDT) settled lower in its latest intraday trading, under continued negative pressure from staying below its 50-period simple moving average. However, the price is leaning on a short-term ascending trendline, making a last attempt to build positive momentum that could aid in recovery. This comes alongside the emergence of a positive crossover in RSI indicators, after reaching heavily oversold zones that appear exaggerated compared to the price action.
Therefore, we expect the price to rise in the upcoming intraday sessions, as long as it holds above the 0.1924 support level, targeting the key resistance at 0.2235.
Today’s price forecast: Bullish
TJX Companies (TJX) stock declined slightly in its latest intraday trading, as the stock took profits from its recent gains while attempting to build positive momentum that could support a recovery. At the same time, it is working through its overbought RSI levels, with early negative signals starting to appear. However, the main uptrend remains intact, supported by trading along a short-term bullish trendline and by ongoing positive pressure from holding above the previous 50-day SMA.
Therefore, we expect the stock price to rise in the upcoming sessions, as long as it holds above the 128.00 support level, with the next resistance target set at 135.85.
Today’s price forecast: Bullish
Autodesk (ADSK) stock advanced in its latest intraday trading, supported by holding above the critical 279.90 support level. This stability gave the stock some positive momentum, allowing it to recover part of previous losses while also easing its oversold RSI conditions, with early signs of positive signals starting to appear. However, downward pressure remains from trading below its previous 50-day SMA and from the earlier break of a short-term bullish trendline.
Therefore, we expect the stock price to decline in upcoming trading, particularly if it breaks below the mentioned 279.90 support level, with the next downside target at 267.60.
Today’s price forecast: Bearish
PayPal Holdings (PYPL) stock declined in its latest intraday trading, with the drop positioning it to potentially break the critical 67.50 support level. In earlier sessions, the stock had already worked off its oversold RSI levels, but it continues to face negative pressure from trading below its previous 50-day SMA, while also being impacted by a break of a short-term corrective bullish trendline.
Therefore, we expect the stock price to fall in its upcoming trading, particularly if it breaks below the mentioned 67.50 support level, with the next support target at 59.50.
Today’s price forecast: Bearish