Polygon’s currency price (MATICUSDT) rose in latest intraday trading and tested the downward correctional trend line in the short term, while bumping into the resistance of the 50-day SMA, doubling the strength of this area as a pivotal resistance, while the Stochastic reached overbought levels compared to the price’s movements, hinting at negative divergence.
Therefore we expect the price to decline and target the support of $0.22, provided the resistance of $0.24 holds on.
Today’s price forecast: Bearish
Alchemy Pay’s currency price (ACHUSD) extended its gains in latest intraday trading, buoyed by positive signals from the Stochastic despite reaching overbought levels, and managing to trespass the ceiling of a positive technical pattern that’s forming in the short term, the Falling Wedge pattern, as the price thus tries to shake off negative pressure from the 50-day SMA to recover completely.
Therefore we expect the price to rise in upcoming trading, provided it settles above $0.025219, targeting the pivotal resistance of $0.028213.
Today’s price forecast: Bullish
CVS Health Corporation’s stock price (CVS) rose in latest intraday trading after leaning on the support of the 50-day SMA, while also leaning on the main upward trend line in the short term, lending the price positive momentum, but the gains were curbed by negative signals from the Stochastic.
Therefore we expect more gains for the price, targeting the pivotal resistance of $71.45, provided the support of $65.35 holds on.
Today’s price forecast: Bullish
eBay’s stock price (EBAY) fell in latest intraday trading after the pivotal resistance of $71.60 held on, as the price tries to gather positive momentum to pierce it later, while also trying to vent off overbought saturation in the Stochastic with negative signals emerging from it.
It also comes amid the dominance of the main upward trend in the medium term, as the price trades alongside the secondary short-term trend line, with ongoing positive pressure due to trading below the 50-day SMA.
Therefore we expect the price to rise in upcoming trading, provided the resistance of $71.60 is reliably breached, targeting the next one at $75.15.
Today’s price forecast: Bullish