AbbVie (ABBV) stock price jumped sharply higher in its latest intraday trading, as the stock continues to be influenced by a positive technical formation that had formed earlier in the short term, namely a falling wedge pattern, while attempting through this rise to overcome the negative pressure from its 50-day SMA, aided by the beginning of positive signals emerging from the Stochastic indicators after the stock successfully relieved its overbought condition, giving it greater ability to extend these gains in the near term.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $200.00 support level, targeting the first resistance level at $220.00.

Today’s price forecast: Bullish

NVIDIA Corporation (NVDA) stock price continued to rise in its latest intraday trading, confirming through this performance its breakout above the key resistance level at $211.00, benefiting from the positive support generated by trading above its 50-day SMA, amid the dominance of the main upward trend in the medium term, while we also notice continued positive signals from the Stochastic indicators.

Therefore we expect the stock price to rise in its upcoming trading, especially as long as it remains above the $211.00 level, targeting the next resistance level at $240.00.

Today’s price forecast: Bullish

Ethereum price (ETHUSD) declined during its recent intraday trading after encountering resistance at EMA50, which exposed the price to negative pressure. This came with a retest of a short-term upward trendline that the price had previously broken.

In the background, we also notice the beginning of a negative crossover on the relative strength indicators after reaching heavily overbought levels, which further increases the negative pressure surrounding the price.

Bitcoin (BTCUSD) declined in its latest intraday trading, amid the attempts of gaining bullish momentum that helps it to recover and rise again, amid its moves near EMA50 level, reinforcing the strength and dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the chances of moving higher strongly in the upcoming near period.