Zcash (ZECUSD) price declined in its latest intraday trading amid continued negative signals from the Stochastic indicators after the price managed to relieve its oversold condition, while remaining supported by its 50-day SMA, which coincides with support from a short-term upward trend line, representing the last opportunity for the price to gain the positive momentum needed to recover and rise again.
Therefore, as long as the digital currency price remains above the key support level at $539.75, our expectations continue to lean toward the upside in its upcoming intraday trading, targeting the first resistance level at $590.00.
Today’s price forecast: Neutral
Costco Wholesale Corporation (COST) stock price rose in its latest intraday trading, preparing to attack the key resistance level at $1,028 after the stock managed to overcome the negative pressure from its 50-day SMA, supported by continued positive signals from the Stochastic indicators, amid the dominance of the main upward trend in the short term while moving alongside a trend line supporting this path.
Therefore we expect the stock price to rise in its upcoming trading, especially if it succeeds in breaking above the mentioned resistance at $1,028, targeting the next resistance level at $1,054.
Today’s price forecast: Bullish
Oracle Corporation (ORCL) stock price declined in its latest intraday trading, as the stock takes profits from its previous gains and attempts to gain positive momentum that could help it recover and rise again, amid continued dynamic positive support from trading above its 50-day SMA, which reinforces the stability of a short-term corrective upward wave, especially while moving alongside a trend line supporting this path.
Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $171.75 support level, targeting the key resistance level at $225.00.
Today’s price forecast: Bullish
Home Depot, Inc. (HD) stock price continued to decline in its latest intraday trading, amid the dominance of the main bearish trend in the medium term, while moving alongside a short-term trend line supporting this path, with continued negative pressure from trading below its 50-day SMA, which increases the surrounding negative pressure on the stock, while in the background we notice the beginning of a negative crossover appearing on the Stochastic indicators after the stock managed to relieve its oversold condition, opening the door for further declines in the near term.
Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $320.00 resistance level, targeting the main support level at $300.00.
Today’s price forecast: Bearish