Stellar's price (XLMUSD) held onto slight gains in the latest intraday trading, as it attempts to overcome the negative pressure from the 50-period simple moving average and unwind its clear overbought conditions on the Relative Strength Indicators, which continue to emit negative signals. However, the price is also influenced by a positive short-term technical pattern — the falling wedge — which may support a swift recovery once surrounding bearish pressure eases.
Therefore, we expect the price to rise in the upcoming sessions, as long as support remains steady at $0.361200, targeting the key resistance level of $0.514783.
Today’s price forecast: Bullish.
Avalanche's price (AVAXUSD) declined in the latest intraday trading after encountering resistance from the 50-period simple moving average. The cryptocurrency remains under the influence of a short-term corrective bearish wave, with a negative divergence beginning to form on the Relative Strength Indicators. These indicators have entered heavily overbought territory, showing exaggerated levels compared to price action, as negative signals begin to emerge.
Therefore, we expect the price to decline in the upcoming intraday sessions, as long as resistance remains firm at $23.15, targeting the support level of $20.60.
Today’s price forecast: Bearish.
Johnson & Johnson's stock price (JNJ) turned green in the latest intraday trading, successfully breaking through the key resistance level at $168.85. The stock remains under the control of a short-term upward trend, trading along a rising slope and supported by sustained bullish pressure from holding above the 50-day SMA. The recent rise also follows a successful cooling of overbought signals on the Relative Strength Indicators, giving the stock greater room to pursue further gains.
Therefore, we expect the stock price to continue rising in upcoming sessions, especially as long as it remains above $168.85, targeting the next resistance level at $177.80.
Today’s price forecast: Bullish.
Home Depot Inc.'s stock price (HD) advanced in the latest intraday trading, receiving a positive boost after rebounding from support at the 50-day SMA. This added bullish momentum came amid the dominance of a short-term upward wave, with the stock trading along a rising trendline. Additionally, a positive crossover has begun to appear in the Relative Strength Indicators, following a successful cooling of prior overbought signals.
Therefore, we expect the stock price to rise in upcoming sessions, as long as support at $365.75 holds, targeting the key resistance level at $389.75 in preparation to challenge it.
Today’s price forecast: Bullish.