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AbbVie price readies to tackle important resistance - Forecast today - 05-08-2025

Economies.com
2025-08-05 12:07PM UTC
AI Summary
  • AbbVie Inc.'s stock price is poised to challenge the key resistance level at $198.98, supported by positive signals from Relative Strength Indicators and an upward trend.
  • The stock is expected to rise in upcoming sessions, with a target of the next key resistance level at $216.65 if it breaks above $198.98.
  • Today's price forecast for AbbVie is bullish.

AbbVie Inc.'s stock price (ABBV) advanced in the latest intraday trading, preparing to challenge the key resistance level at $198.98. This move is supported by positive signals from the Relative Strength Indicators, along with the dominance of an upward trend as the stock continues to trade along a short-term ascending support line. The stock also benefits from dynamic support provided by trading above the 50-day SMA, reinforcing the stability of its bullish momentum.

 

Therefore, we expect the stock price to rise in upcoming sessions, especially if it breaks above the mentioned resistance at $198.98, targeting the next key resistance level at $216.65.

 

Today’s price forecast: Bullish.

 

 

 

 

 

 

 

T-Mobile price returns higher - Forecast today - 05-08-2025

Economies.com
2025-08-05 12:06PM UTC

T-Mobile US Inc.'s stock price (TMUS) resumed its upward movement in the latest intraday trading, supported by dynamic strength from trading above the 50-day SMA. The stock remains under the control of a primary upward trend, moving along a short-term ascending support line. Additionally, it has successfully relieved overbought pressure as indicated by the Relative Strength Indicators, which supports the stability of its short-term bullish momentum.

 

Therefore, we expect the stock price to rise in upcoming trading sessions, as long as the support level at $231.55 holds, targeting the resistance level at $251.75 in preparation to challenge it.

 

Today’s price forecast: Bullish.

 

 

 

 

 

Bank of America price tries to regain footing - Forecast today - 05-08-2025

Economies.com
2025-08-05 12:06PM UTC

Bank of America Corporation's stock price (BAC) advanced slightly in its latest intraday trading, amid the dominance of a short-term upward trend. The stock is attempting to recover and overcome the negative pressure of the 50-day SMA. However, negative signals from the Relative Strength Indicators may hinder the stock’s recovery, at least temporarily.

 

Therefore, we expect the stock price to rise in upcoming trading sessions, provided that the key support level at $45.00 remains intact, targeting the pivotal resistance level at $47.97.

 

Today’s price forecast: Neutral.

 

 

 

 

 

 

 

Forecast update for Ethereum -05-08-2025

Economies.com
2025-08-05 12:01PM UTC

The price of (ETHUSD) rose in its last intraday trading, amid its attempts to surpass the negative pressure on the EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for the trend, and the last rise came after its success in offloading some of its overbought conditions on the (RSI), which allows it to achieve more of the gains on the near-term basis.

 

 

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