MyNeighborAlice (ALICEUSDC) price held steady with an upward bias in its latest intraday trading, attempting to break free from the negative pressure of the 50-period SMA. However, relative strength indicators have entered extremely overbought territory, with early signs of negative signals emerging. This is currently limiting upward momentum as the price consolidates gains and seeks renewed positive momentum for another potential rise.
Therefore we expect the price to rise in upcoming intraday trading, provided it first breaks through the resistance level at 0.448, aiming next for the resistance at 0.481.
Today’s price forecast: Bullish.
PVH Corp (PVH) stock advanced slightly in its latest intraday trading, supported by its position above the previous 50-day SMA, which provides renewed positive momentum in the short term. However, the stock remains under the dominance of a main downward trend, trading along a descending trendline that reinforces this bearish direction. Additionally, a negative crossover has begun to emerge in relative strength indicators after reaching extremely overbought levels, increasing downward pressure on the stock.
Therefore we expect the stock price to decline in upcoming intraday trading, as long as the resistance at $80.50 holds, targeting the support level at $70.00.
Today’s price forecast: Bearish.
The stock price of American Express Company (AXP) rose in its latest intraday trading, supported by positive momentum from trading above its previous 50-day SMA. The stock remains under the control of a main upward trend, moving along a short-term ascending trendline. Additionally, we observe the emergence of a positive divergence in relative strength indicators after reaching extremely oversold levels—an exaggerated condition compared to the stock’s actual price movement—along with early positive signals starting to appear.
Therefore we expect the stock price to rise in upcoming sessions, as long as the support at $301.75 remains intact, targeting the key resistance level at $329.00.
Today’s price forecast: Bullish.
The stock price of Etsy (ETSY) declined in its latest intraday trading, following stability at the key resistance level of $65.00. The stock is currently taking profits from previous gains while attempting to build positive momentum that may help it recover and break through that resistance. It is also trying to relieve some of its overbought condition as indicated by relative strength indicators, especially with early negative signals emerging. The short-term upward corrective trend remains intact, with the stock trading along its ascending trendline.
Therefore we expect the stock price to rise in upcoming sessions, especially if it breaks through the $65.00 resistance, targeting the next resistance at $71.70.
Today’s price forecast: Bullish.