Toncoin’s currency price (TONUSD) rose in latest intraday trading, amid the dominance of a short-term upward correctional trend and ongoing positive pressure from trading above the 50-period SMA. This latest rise came despite negative signals streaming from the Stochastic after reaching extremely overbought levels, indicating that the price has successfully vented off some of that saturation, giving it more room to climb.
Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of $2.8921 holds on, targeting the pivotal resistance level of $3.0472.
Today’s price forecast: Bullish
Dick’s Sporting Goods Inc.’s stock price (DKS) extended its rise in latest intraday trading, amid the dominance of a strong upward correctional wave in the short term, supported by continued trading above the 50-day SMA, which acts as dynamic support maintaining the bullish path. This comes alongside positive signals streaming from the Stochastic, despite it reaching extremely overbought levels.
Therefore we expect the stock to rise further in upcoming trading, targeting the nearby resistance level of $219.75 in preparation to attack it.
Today’s price forecast: Bullish
Adobe Inc.’s stock price (ADBE) declined in latest intraday trading, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line, with ongoing negative pressure from trading below the 50-day SMA. With its recent drop, the stock broke below the current support level of $373.75, following earlier moves that successfully vented off its oversold saturation on the Stochastic — allowing room for further losses in the near term.
Therefore we expect the stock to decline in upcoming trading, especially if it confirms the break below $373.75, targeting the pivotal support level of $338.65.
Today’s price forecast: Bearish
Blackstone Inc.’s stock price (BX) extended its rise in latest intraday trading, amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line, supported by ongoing dynamic strength from trading above the 50-day SMA. With its latest climb, the stock successfully breached the current resistance level of $160.75, reinforcing the scenario of continued bullish momentum.
Therefore we expect the stock to rise in upcoming trading, especially as long as it remains above $160.75, targeting the resistance level of $180.70.
Today’s price forecast: Bullish