Airbnb (ABNB) stock price recorded cautious gains in its latest intraday trading, as the stock attempts through this rise to recover part of its previous losses, while also trying to relieve part of its clear oversold condition on the Stochastic indicators, especially with the beginning of a positive crossover appearing on them, amid continued negative pressure from trading below its 50-day SMA, which the stock had broken below after a series of consecutive losses, keeping the negative outlook intact in the near term.
Therefore we expect the stock price to decline in its upcoming trading, especially as long as it remains below the $136.00 resistance level, targeting the $127.00 support level.
Today’s price forecast: Bearish
Shopify (SHOP) stock price edged slightly higher in its latest intraday trading, amid continued negative pressure from trading below its 50-day SMA, which reinforces the stability and dominance of the short-term corrective bearish trend, while moving alongside a trend line supporting this path, as the stock attempts through this rise to recover part of its previous losses, while also trying to relieve part of its clear oversold condition on the Stochastic indicators, especially with the beginning of a positive crossover appearing on them.
Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $105.00 resistance level, targeting the first support level at $88.00.
Today’s price forecast: Bearish
CrowdStrike Holdings (CRWD) stock price soared in its latest intraday trading, recording a series of strong consecutive gains that helped it break above the key resistance level at $567.00, amid the dominance of the main upward trend in the medium and short term, with continued positive pressure from trading above its 50-day SMA. However, in contrast, we notice the beginning of a negative crossover appearing on the Stochastic indicators after reaching deeply overbought levels, which may limit the stock’s upcoming gains in the near term.
Therefore we expect the stock price to rise in its upcoming trading, especially if it confirms the breakout above the mentioned resistance at $567.00, targeting the next resistance level at $627.00.
Today’s price forecast: Bullish
Rivian Automotive (RIVN) stock price extended its gains in its latest intraday trading, as the stock retested an upward trend line that it had previously broken in the short term, attempting through this rise to recover part of its previous losses, while also trying to relieve its clear oversold condition on the Stochastic indicators, especially with continued positive signals from them. This comes amid continued dynamic negative pressure from trading below its 50-day SMA, which reduces the chances of a full recovery in the near term.
Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $15.20 resistance level, targeting the $12.80 support level.
Today’s price forecast: Bearish