Shiba Inu (SHIBUSDT) rose in its latest intraday trading, attempting to correct the main short-term bearish trend while trading along an ascending line that supports this move. The recent rise brought the price to test resistance at the 50-day SMA, which increases the negative pressure around the cryptocurrency. This comes as the relative strength indicators reached extremely overbought levels compared to the price movement, suggesting the beginning of a bearish divergence.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.000011282 holds, targeting the support level of $0.000009234.

Today’s price forecast: Bearish.

Pepe (PEPEUSD) rose slightly in its latest intraday trading, supported by positive signals from the relative strength indicators despite reaching extremely overbought levels. However, the main short-term bearish trend remains dominant, with trading along a descending line. The recent rise brought the price to test resistance at the 50-day SMA, forming an obstacle that limits the chances of a sustained recovery in the near term.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.00000796 holds, targeting the support level of $0.00000631.

Today’s price forecast: Bearish.

Ulta Beauty (ULTA) stock declined in its latest intraday trading as it attempts to find a higher bottom that could serve as a base to regain positive momentum and support its recovery. The recent decline found support at the previous 50-day SMA, while the main short-term trend remains bullish. A positive divergence has started to form on the relative strength indicators after reaching extremely oversold levels compared to the price movement, accompanied by the early appearance of a bullish crossover.

Therefore, we expect the stock to rise in its upcoming trading sessions, provided that the current support level of $529.20 holds, targeting the resistance level of $572.20.

Today’s stock forecast: Bullish.

Morgan Stanley (MS) stock declined in its latest intraday trading, taking profits from its previous gains while attempting to gain positive momentum that could help it recover and rise again. The stock continues to benefit from dynamic support provided by trading above the previous 50-day SMA and remains under the dominance of the main short-term bullish trend, with trading along an ascending line that reinforces this path. In addition, positive signals are appearing from the relative strength indicators.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $151.85 holds, targeting the resistance level of $171.60.

Today’s stock forecast: Bullish.