MyNeighborAlice (ALICEUSDC) price declined in its latest intraday trading, as the price attempts to gather positive momentum that may support recovery and a renewed rise. The short-term corrective upward slope line continues to support this outlook, alongside dynamic backing from trading above its 50-day SMA. At the same time, the price is working to unwind part of its clear overbought levels in the Stochastic indicators, especially as negative signals have started to appear.
Therefore, we expect the currency to rise in its upcoming intraday trading, as long as the support level of 0.362 holds, to then target the resistance level of 0.396 in preparation to test it.
Today’s price forecast: Bullish.
Dow Inc. (DOW) stock declined slightly in its latest intraday trading, after hitting resistance at its previous 50-day SMA. The main bearish trend remains in control, with trading moving along a minor short-term downward slope line. In addition, negative signals are flowing from the Stochastic indicators, despite being in strongly oversold territory relative to the stock’s movement.
Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 25.25 holds, to then target the key support level of 20.40.
Today’s price forecast: Bearish.
Lennar Corporation (LEN) stock declined in its latest intraday trading, after stabilizing below the important resistance level of 143.75. This pullback may help the stock gather positive momentum that could support an eventual breakout attempt, while also working to unwind its clear overbought levels in the Stochastic indicators, especially with negative signals starting to appear. Positive pressure, however, continues from trading above its previous 50-day SMA, while the short-term corrective bullish trend remains in control with trading along an upward slope line.
Therefore, we expect the stock to rise in its upcoming trading, to once again target the mentioned resistance of 143.75 in preparation to test it.
Today’s price forecast: Bullish.
ConocoPhillips (COP) stock jumped higher in its latest intraday trading, as it attempts to recover part of its prior losses while also working to unwind its clear oversold levels in the Stochastic indicators, with positive signals starting to appear. The stock has thereby retested a previously broken short-term corrective upward trend line, while simultaneously touching resistance at its previous 50-day SMA.
Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 98.25 holds, to then target its first support level at 88.80.
Today’s price forecast: Bearish.