Advanced Micro Devices Inc (AMD) inched higher in its latest intraday trading, supported by positive signals flowing from the RSI indicators. However, these indicators have reached extremely overbought levels, noticeably excessive relative to the stock’s price action. The stock is now testing resistance at its 50-day SMA, which limits the sustainability of any near-term recovery, especially as it remains influenced by a previously formed bearish pattern on the short-term charts — the double-top formation.

Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level of $224.65 remains intact, targeting the first support level at $194.30.

Today’s price forecast: Bearish

Delta Air Lines, Inc. (DAL) rose slightly in its latest intraday trading, moving within a volatile range as the stock attempts to acquire positive momentum that may enable it to attack the pivotal resistance level of $69.45. The price continues to receive strong dynamic support from trading above its 50-day SMA, while remaining under the dominance of the main medium-term ascending trend with movement alongside a supportive trendline.

Therefore we expect the stock to rise in its upcoming trading, as long as the support level of $62.90 holds, targeting the mentioned resistance at $69.45 in preparation for a potential breakout.

Today’s price forecast: Bullish

General Motors Company (GM) continued to rise in its latest intraday trading under full dominance of the main ascending trend on both the medium and short terms, with the price moving alongside primary and secondary upward trendlines that support this trajectory. The stock also maintains strong positive pressure from trading above its 50-day SMA. However, we note the emergence of a negative crossover on RSI indicators after reaching extremely overbought levels, which may limit the stock’s upcoming gains.

Therefore we expect the stock to rise in its upcoming trading, especially as long as it remains above the support level of $72.85, targeting the next resistance at $82.25.

Today’s price forecast: Bullish

The price of (ETHUSD) settles with gains on the intraday trading, attempting to breach the current resistance at $3,370, supported by its trading above EMA50, and under the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive main and minor trend line for this trend, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, reducing the upcoming gains unless its breaches the above mentioned resistance.