3M price tries to gather positive momentum - Analysis - 17-04-2024
MMM’s stock price fell in the intraday levels with negative signals from the RSI after reaching oversold levels, while gathering positive momentum to rise anew, amid the dominance of the upward correctional short-term trend, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $94.60, provided the support of $87.87 holds on.
Expected trading range: between the support of $87.87 and the resistance of $94.60.
Trend forecast: Likely Bullish
Kohls price sharpens decline - Forecast today - 17-04-2024
Kohls’ stock price (KSS) kept falling in the intraday levels after getting hurt by piercing the upward correctional trend line in the short term, with negative pressure from the 50-day SMA.
There are negative signals from the RSI after reaching oversold levels.
Therefore we expect more losses for the stock, targeting the first support at $20.77, provided the resistance of $24.22 holds on.
Expected trading range: between the support of $20.77 and the resistance of $24.22.
Trend forecast: Bearish
Ethereum price (ETHUSD) forecast update - 17-04-2024
Trend Forecast for Ethereum Price (ETHUSD)
Expected Scenario upon Attempting to Move Away from 3132.80$ Level
- Ethereum price (ETHUSD) shows calm negative trades in attempt to move away from 3132.80$ level.
- Stochastic negativity supports the bearish sentiment.
- The bearish trend is suggested in the upcoming sessions conditioned by the price stability below 3360.31$.
- Our next main target is located at 2905.28$.
Expected trading range for today: Between 2960.00$ support and 3190.00$ resistance
Trend forecast: Bearish
Bitcoin price (BTCUSD) forecast update - 17-04-2024
Trend Forecast for Bitcoin Price (BTCUSD)
Expected Scenario upon Attempting to Resume the Bearish Trend
- Bitcoin price (BTCUSD) trades negatively now in attempt to resume the expected bearish trend for today.
- Overbought signals appear through stochastic, supporting the bearish sentiment.
- Waiting for more decline to test 60252.85$ as a next target.
Expected Scenario in Case of Breaching 65390.00$
- The suggested bearish wave will remain valid unless the price rallied to breach 65390.00$ and hold with a daily close above it.
Expected trading range for today: Between 61500.00$ support and 65500.00$ resistance
Trend forecast: Bearish