Adobe Inc (ADBE) stock price recorded a decline in its latest intraday trading, after the stock managed to unwind its oversold conditions on momentum indicators, which opens the door for further losses in the near term. The stock remains under negative pressure as it continues to trade below its 50-day SMA, reinforcing the stability and dominance of the main bearish trend on the medium term, with momentum indicators turning negative again after the recent relief move.

Therefore we expect the stock price to fall in upcoming intraday trading, as long as it remains below the $288.00 resistance level, targeting the next support level at $225.00.

Today’s price forecast: Bearish

Blackstone (BX) stock price recorded a cautious rise in its latest intraday trading, driven by emerging positive signals from momentum indicators, as the stock attempts to recover part of its previous losses. However, it remains under negative pressure after breaking a short-term upward trend line and continues to trade below its 50-day SMA, which reinforces the bearish outlook. Meanwhile, RSI and Stochastic have reached heavily overbought levels relative to price action, signaling a likely quick fade in the current positive momentum.

Therefore we expect the stock price to decline in upcoming intraday trading, as long as it remains below the $136.50 resistance level, targeting the key support level at $118.00.

Today’s price forecast: Bearish

Palo Alto Networks (PANW) stock price recorded a decline in its latest intraday trading, remaining under negative pressure amid a dominant short-term downtrend and moving alongside a steep bearish trend line. The stock is trading below its 50-day SMA, which reinforces the ongoing negative pressure, while technical indicators such as RSI and Stochastic are starting to show renewed negative crossover signals after reaching heavily overbought levels relative to price action.

Therefore we expect the stock price to decline in upcoming intraday trading, as long as it remains below the $177.00 resistance level, targeting the key support level at $150.00.

Today’s price forecast: Bearish

The price of (ETHUSD) remains moving within limited range of sideways trading on its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on short-term basis, besides the emergence of negative signals from relative strength indicators after offloading its oversold conditions, after reaching overbought levels, which intensifies the negative pressure on the price.