MyNeighborAlice’s currency price (ALICEUSDC) settled higher in latest intraday trading, hitting the resistance of the 50-period SMA, after previously breaking out of a short-term upward correctional price channel that had confined earlier trades. Meanwhile, we notice the Stochastic reaching extremely overbought levels, exaggerated relative to the price movement, suggesting the beginning of a negative divergence that would intensify the negative pressure on the price.
Therefore we expect the currency to decline in upcoming intraday trading, as long as the resistance of 0.395 holds on, targeting the support level of 0.355.
Today’s price forecast: Bearish
The Trade Desk’s stock price (TTD) extended its gains in latest intraday trading, supported by positive signals streaming from the Stochastic despite reaching extremely overbought levels, and benefiting from dynamic support due to trading above the 50-day SMA, amid the dominance of the upward correctional trend in the short term and trading alongside a rising trend line.
Therefore we expect the stock to rise in upcoming trading, as long as the support of $65.55 holds on, targeting the pivotal resistance of $80.55 in preparation to attack it.
Today’s price forecast: Bullish
Comcast Corporation’s stock price (CMCSA) returned higher in latest intraday trading, amid the dominance of the upward correctional trend in the short term and trading alongside a rising trend line, with ongoing positive pressure due to trading above the 50-day SMA. However, in contrast, we notice negative signals streaming from the Stochastic after reaching extremely overbought levels, which may cap upcoming gains.
Therefore we expect the stock to rise in upcoming trading, as long as the support of $35.00 holds on, targeting the pivotal resistance of $37.98.
Today’s price forecast: Bullish