Zcash (ZECUSD) declined in its latest intraday trading as negative signals began to flow from the RSI indicators after reaching extremely overbought levels. This pullback comes as the price attempts to acquire fresh positive momentum that may support a renewed recovery. The move is reinforced by continued positive pressure from trading above its 50-day SMA, which strengthens the stability and dominance of the short-term corrective uptrend, especially with the price moving alongside a supportive trendline.
Therefore we expect the cryptocurrency to rise in its upcoming intraday trading, as long as it remains stable above 408.65, targeting its first resistance level at 475.30.
Expected trend for upcoming trading: Bullish
UiPath, Inc (PATH) dipped slightly in its latest intraday trading as the stock took profits from its recent gains and attempted to relieve part of its clear overbought saturation on the RSI indicators, especially with the emergence of a negative crossover. This pullback may help the stock acquire fresh positive momentum that could support a renewed move higher, particularly with the continued dynamic support provided by trading above its 50-day SMA — a factor that reinforces the stability and dominance of the medium-term ascending trend.
Therefore we expect the stock to rise in its upcoming trading, especially if it confirms a breakout above the pivotal resistance of $18.75, targeting the next resistance at $22.65.
Today’s price forecast: Bullish
C3.ai, Inc (AI) moved higher in its latest intraday trading as the stock attempted to correct its broader medium-term downtrend. However, this advance stalled at the 50-day SMA, a resistance level that limits the stock’s ability to extend its corrective gains in the near term. This is reinforced by the emergence of a negative crossover on the RSI indicators after they reached extremely overbought levels — significantly excessive relative to the stock’s movement — suggesting the early formation of a bearish divergence.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level of $18.65 remains intact, targeting the support level at $12.60.
Today’s price forecast: Bearish
Advanced Micro Devices Inc (AMD) inched higher in its latest intraday trading, supported by positive signals flowing from the RSI indicators. However, these indicators have reached extremely overbought levels, noticeably excessive relative to the stock’s price action. The stock is now testing resistance at its 50-day SMA, which limits the sustainability of any near-term recovery, especially as it remains influenced by a previously formed bearish pattern on the short-term charts — the double-top formation.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level of $224.65 remains intact, targeting the first support level at $194.30.
Today’s price forecast: Bearish