ZOOM VIDEO COMMUNICATIONS (ZM) declined In its recent intraday trading, the stock is experiencing a pullback to take profits from its previous gains, while attempting to gain positive momentum that may help it recover and rise again. This comes after being previously affected by exiting a downward corrective price channel that had been limiting its short-term trading, supported by trading above its EMA50, the current decline may offload some of the overbought conditions on the relative strength index (RSI), especially as bearish signals begin to appear.
Therefore, our expectations suggest a potential return to upward movement in the stock’s upcoming sessions, conditioned by breaching the resistance at $79.45, to target the next resistance at $84.20
Stock Price Forecast for Today: Bullish
The Ethereum price (ETHUSD) resumes its rise in its last intraday trading, with the emergence of the positive signals on the (RSI), despite reaching overbought levels, with its stability above the support of EMA50, amid the dominance of the bullish correctional trend domination on the short-term basis.
The bitcoin price (BTCUSD) rose in its last intraday trading, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside the bias line, beside the emergence of the positive signals on the (RSI), despite reaching the overbought levels.
The brent crude oil price turned its early gains into losses in its last intraday trading,affected by the stability of the critical resistance level at $62.60, with the emergence of the negative signals on the (RSI), after reaching overbought levels, under the domination of the main bearish trend and its trading alongside the bias line.