American Express Company (AXP) inched slightly higher in its latest intraday trading, supported by continued positive momentum from trading above its 50-day simple moving average, while maintaining control of its main short-term uptrend with movements along a supportive ascending line. However, we notice the emergence of a negative crossover on the relative strength indicators after reaching extremely overbought levels, which has limited the stock’s recent gains.
Therefore, we expect the stock price to rise in its upcoming trading sessions, as long as it remains above $354.60, targeting the resistance level of $391.75.
Today’s price forecast: Bullish.
Etsy Inc. (ETSY) turned green in its latest trading session, benefiting from its earlier rebound off a main ascending trendline on the short-term chart. This move coincided with the start of positive signals on the relative strength indicators after reaching extremely oversold levels, which provided fresh positive momentum that helped the stock achieve a series of strong gains. However, downside pressure remains from trading below the 50-day simple moving average, which continues to act as an obstacle to a sustainable recovery.
Therefore, we expect the stock price to rise in its upcoming trading sessions, provided that the support level of $56.65 holds, targeting the first resistance level at $69.55.
Today’s price forecast: Bullish.
The price of (ETHUSD) rose in its last intraday trading, recovering some of yesterday’s losses, affected by its leaning on the support of EMA50, which stopped the losses to begin new recovery alongside bullish corrective trend line on the short-term basis, with the emergence of positive signals on the relative strength indicators after reaching oversold levels.
Bitcoin (BTCUSD) prices witnessed a sudden rebound on their last intraday levels, keeping the bullish corrective track on the short-term basis with its trading alongside supportive trendline, taking advantage of the positive pressure that comes from its trading above EMA50, the emergence of the positive signals helped the price to reinforce its gains on the relative strength indicators, after forming positive divergence after reaching oversold levels, exaggeratedly compared to the price move.