Alphabet price emits positive signals - Forecast today - 28-05-2024
Alphabet’s stock price (GOOG) inched up in the intraday levels amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive support from the 50-day SMA, coupled with positive divergence from the RSI after reaching oversold levels compared to the stock’s movements.
Therefore we expect more gains for the stock, targeting the resistance of $180.14, provided it settles above the support of $173.47.
Trend forecast: Bullish
Ford price tries to vent off oversold saturation - Forecast today - 28-05-2024
Ford’s stock price (F) rose in the intraday levels while venting off oversold saturation in the RSI with positive signals coming out of it, while the stock trades alongside the downward secondary trend line in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of $11.54, provided the support of $12.00 is reliably breached.
Trend forecast: Likely Bearish
Ethereum price (ETHUSD) forecast update - 28-05-2024
Ethereum Price Analysis (ETHUSD)
Expected Scenario
- Ethereum price showed some slight bearish bias this morning but attempts to provide positive trades now, supported by stochastic reaching oversold areas. It's waiting to resume the bullish wave targeting the 4096.85$ level as the next main station. Note that consolidating below 3785.00$ will put the price under additional negative pressure, targeting 3641.82$ areas before any new positive attempt.
Expected Trading Range
The expected trading range for today is between 3730.00$ support and 3980.00$ resistance.
Trend Forecast: Bullish
Bitcoin price (BTCUSD) forecast update - 28-05-2024
Bitcoin Price Analysis (BTCUSD)
Expected Scenario
- Bitcoin price traded with clear negativity this morning, breaking the intraday bullish trend line and settling below it, reinforcing the expectations of continuing the bearish trend for today. It approached our first awaited target at 67080.00$, waiting to surpass this level to open the way to visit 65485.00$.
- In general, the bearish trend will remain suggested for today unless breaching 70200.00$ and holding above it.
Expected Trading Range
The expected trading range for today is between 65500.00$ support and 70000.00$ resistance.
Trend Forecast: Bearish