Abbott Laboratories (ABT) stock price recorded gains in its latest intraday trading, supported by positive signals from the RSI. However, the indicator has now entered extremely overbought territory compared to price action, signaling fading positive momentum around the stock. This comes as the price attempts to correct the main short-term downtrend, while continued negative pressure persists from trading below its SMA50, which increases the surrounding downside risk.

Therefore we expect the stock price to decline in upcoming trading, as long as the $114.00 resistance level remains intact, to target the $105.80 support level.

Today’s price forecast: Bearish

The price of (ETHUSD) declined in its last intraday trading, affected by reaching EMA50’resistance, which makes it surrender to the negative pressure amid the dominance of the main bearish trend on short-term basis, with the emergence of the negative signals from relative strength indicators, intensifying the chances of the price recovery on near-term basis, and increases the negative pressure.

Brent prices moves in tight fluctuating trading on their last intraday levels, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish track on short-term basis, especially with its trading alongside supportive trend line for this path, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there.

BTCUSD price declined in its last intraday trading, surrendering to the negative pressures, noticing the emergence of negative signals from the relative strength indicators, after offloading its oversold levels, opening the way for recording more of the losses on near-term basis, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the main bearish trend on short-term basis.