Monero (XMRUSD) price recorded choppy trading with a slight upward bias in its latest intraday movement, while still under negative pressure from trading below the 50-day SMA, which reinforces the dominance of the main short-term bearish trend. Price continues to move alongside a supporting trend line for that bearish path. In addition, RSI has begun to deliver negative signals after reaching overbought levels, adding further downside pressure.
Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as it remains below the $367.00 resistance level, targeting the key support at $290.00.
Today’s price forecast: Bearish
Honeywell International Inc (HON) stock price recorded a decline in its latest intraday trading, as the stock is taking profits after its previous gains and attempting to build positive momentum to resume its strong advance. The main short-term trend remains bullish, with continued positive pressure from trading above the 50-day SMA. At the same time, RSI is working off a clear overbought condition, which may help stabilize the move before another push higher.
Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $227.65 support level, targeting the next resistance at $253.00.
Today’s price forecast: Bullish
Procter & Gamble (PG) stock price recorded gains in its latest intraday trading, amid the dominance of a strong corrective upward wave in the short term. The stock continues to trade above the 50-day SMA, which provides dynamic support, and it is preparing to attack the key resistance at $161.65. The recent rise came after the stock previously unwound its overbought condition on RSI, giving it more room to extend gains in the near term.
Therefore we expect the stock price to rise in upcoming trading, especially if it breaks above the $161.65 resistance level, targeting the next resistance at $170.00.
Today’s price forecast: Bullish
United Airlines Holdings, Inc (UAL) stock price recorded a decline in its latest intraday trading, as the stock attempts to build positive momentum that could help it rise again. It is also trying to unwind part of its clear overbought condition on RSI, while continuing to trade above the 50-day SMA, which provides dynamic support and reinforces the dominance of the main short-term uptrend, with price moving along a supporting trend line.
Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $105.50 support level, targeting the next resistance at $124.00.
Today’s price forecast: Bullish