Zcash (ZECUSD) declined in its latest intraday trading, as the price takes profits from its previous gains while attempting to unload part of its overbought condition on the RSI, especially with emerging negative signals. This pullback comes as the price regroups its positive momentum, which may help it recover and move higher again, supported by the continued dynamic support from trading above its 50-period SMA. This reinforces the stability and control of the short-term corrective bullish trend, with price action moving alongside an upward trendline.
Therefore we expect the cryptocurrency price to rise in the upcoming intraday trading, but only after first breaking the key resistance at 547.75, to target the next and psychological resistance level at 600.00.
Today’s price forecast: Bullish
Marriott International (MAR) continued to rise in its latest intraday trading, benefiting from dynamic support provided by trading above its 50-day SMA, which reinforces the stability and dominance of the main bullish trend on the medium term. Price action is also moving alongside a minor upward trendline on the short term, while positive signals continue to come from the RSI, despite reaching heavily overbought levels, which may limit further gains in the near term.
Therefore we expect the stock price to continue rising in the upcoming intraday trading, as long as support at 307.50 holds, to target the next resistance level at 334.80.
Today’s price forecast: Bullish
Roblox Corporation (RBLX) edged higher in its latest intraday trading, as the stock attempts to recover part of its previous losses, while also trying to unwind part of its clear oversold condition on the RSI, especially with the start of positive signals. However, the short-term corrective bearish trend remains in control, with price action moving alongside a supporting downward trendline, in addition to the continued negative pressure from trading below its 50-day SMA.
Therefore we expect the stock price to decline in the upcoming intraday trading, as long as resistance at 91.90 holds, to target the support level at 75.75.
Today’s price forecast: Bearish
Williams-Sonoma, Inc. (WSM) edged lower in its latest intraday trading, as the stock attempts to build positive momentum that could help it recover and move higher again. At the same time, it is trying to unwind part of its clear overbought condition on the RSI, especially with the emergence of negative signals. Despite this pullback, the stock remains supported by trading above its 50-day SMA, while a short-term bullish wave continues to dominate, with price action moving alongside a supporting upward trendline.
Therefore we expect the stock price to rise in the upcoming intraday trading, provided that support at 183.90 holds, to target the first resistance level at 199.10.
Today’s price forecast: Bullish