Apple price returns higher - Forecast today - 14-05-2024
Apple’s stock price (AAPL) returned higher in the intraday levels, after piercing the downward correctional trend line previously in the short term, while trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, hindering gains.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $196.73, provided the support of $178.35 holds on.
Trend forecast: Bullish
Affirm price climbs mildly alongside downward correctional trend line - Forecast today - 14-05-2024
Affirm Holdings’ stock price (AFRM) rose mildly in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the first support at $29.58, provided the resistance of $37.56 holds on.
Trend forecast: Likely Bearish
Ethereum price (ETHUSD) forecast update - 14-05-2024
Ethereum Price Analysis (ETHUSD)
Expected Scenario
- Ethereum price (ETHUSD) begins to press on the 2905.30$ support line and attempts to confirm breaking it, reinforcing the expectations of continuing the bearish trend for the rest of the day.
- This paves the way to achieve our new negative targets that start at 2800.00$ and extend to 2623.80$. Holding below 2990.00$ represents the first condition to continue the expected bearish trend.
Expected Trading Range
Between the support at 2800.00$ and the resistance at 3050.00$.
Trend Forecast: Bearish
Bitcoin price (BTCUSD) forecast update - 14-05-2024
Bitcoin Price Analysis (BTCUSD)
Expected Scenario
- Bitcoin price (BTCUSD) shows negative trades, heading towards a potential test of the key support at 60252.85$.
- The price remains confined inside a sideways range, with its boundaries represented by the mentioned support and 65390.00$ resistance.
- The sideways move is expected to continue until the price confirms surpassing one of these levels, followed by detecting its next destination clearly.
To review the details of the expected targets after the breach, please check our morning report.
Expected Trading Range
Between the support at 60500.00$ and the resistance at 64500.00$.
Trend Forecast: Sideways