Alphabet Inc. (GOOG) advanced slightly in its latest intraday trading, under full dominance of the main medium-term ascending trend, with the price moving alongside a supportive minor trendline. The stock also benefits from dynamic support provided by trading above its 50-day simple moving average. However, negative signals have begun to appear on the RSI indicators, which has limited the stock’s recent gains.
Therefore we expect the stock to rise in its upcoming trading, as long as the support level at $291.95 remains intact, targeting the resistance level of **$350.00**.
Today’s price forecast: Bullish
Nu Holdings Ltd. (NU) inched higher in its latest intraday trading after the stock successfully relieved its overbought saturation on the RSI indicators, giving it more room to extend gains in the near term. This comes alongside continued positive support from trading above its 50-day simple moving average, and under the dominance of the main short-term ascending trend, with the price moving alongside a supportive minor trendline.
Therefore we expect the stock to rise in its upcoming trading, as long as the support level at $16.35 remains intact, targeting the resistance level of $17.82.
Today’s price forecast: Bullish
Enphase Energy, Inc. (ENPH) rose in its latest intraday trading as the stock attempted to correct its main bearish trend, with its recent climb bringing it into a test of the primary descending trendline. This coincides with a touch of resistance at the 50-day simple moving average, reinforcing the strength of this area as a barrier to further upside. Additionally, RSI indicators have reached extremely overbought levels, excessively so compared to the stock’s price movement, which further weakens the likelihood of sustained upward momentum.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance at $33.30 remains intact, targeting the support level of $25.80.
Today’s price forecast: Bearish
DocuSign, Inc. (DOCU) declined in its latest intraday trading after the stock collided with resistance at its 50-day simple moving average, exposing it to renewed downside pressure reinforced by the dominance of the main medium- and short-term bearish trend, with the price moving alongside a descending trendline. However, we note the beginning of a positive crossover on the RSI indicators after the stock successfully relieved its overbought saturation, which may provide some positive momentum to help counter current selling pressure—though this remains limited as long as the stock holds below its existing resistance levels.
Therefore we expect the stock to decline in its upcoming trading, as long as the pivotal resistance at $72.35 remains intact, targeting the support level of $63.40.
Today’s price forecast: Neutral