AbbVie Inc. (ABBV) stock price recorded a continued decline in its latest intraday trading, amid ongoing negative pressure from trading below its SMA50, alongside incoming negative signals from the RSI, despite the indicator reaching extremely oversold levels. With this latest drop, the stock confirmed a break below a main short-term upward trend line, which further intensifies the bearish pressure surrounding its upcoming movements.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the key support level at $211.70, to target the next support at $199.00.

Today’s price forecast: Bearish

T-Mobile US, Inc. (TMUS) stock price recorded a continued decline in its latest intraday trading, amid the dominance of the main medium-term downward trend, with price action moving along a short-term minor trend line supporting this move. This comes alongside continued negative pressure from trading below its SMA50, which limits the stock’s chances of achieving a sustainable recovery in the near term, in addition to incoming negative signals from the RSI, despite the indicator reaching oversold levels.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains stable below the $194.00 resistance level, to target the $176.00 support level.

Today’s price forecast: Bearish

The price of (ETHUSD) keeps its early gains in its last intraday trading, attempting to recover some previous losses and offloading its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of steep minor bearish wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the full recovery on near-term basis.

Brent price got bullish momentum on its recent intraday levels, as it holds above EMA50’s support, gaining bullish momentum that intensified with the emergence of positive signals from relative strength indicators, after offloading its overbought conditions, opening the way for achieving wider gains on near-term basis, amid the dominance of the main bullish trend on short-term basis.