BioNTech SE’s stock price (BNTX) skidded in latest intraday trading, amid the dominance of the downward secondary in the short term, as the price failed to shake off negative pressure from the 50-day SMA, giving in to pressure, amid negative signals from the Stochastic after reaching overbought levels. 

Therefore we expect more losses for the price, targeting the first support at $89.77, provided the resistance of $101.90 holds on.

Today’s price forecast: Bearish 

The price of (ETHUSD) declined in its recent intraday trading, affected by breaking a minor bullish bias line on the short-term basis, with the continuation of the negative pressure due to its continuous trading below its EMA50, besides the formation of a negative divergence on the (RSI), after reaching exaggerated overbought levels, with the emergence of the negative signals.

The price of (BTCUSD) declined in its recent intraday trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the emergence of the negative signals on the (RSI), after reaching overbought signals, and it is under negative pressure due to its trading below its EMA50.

The price of (Brent) settled with strong gains in its recent intraday trading, after it succeeded in surpassing the negative pressure on the EMA50, on the other hand we notice the reach of the (RSI) to the overbought levels, with its moves with a minor bearish channel's range that limits its previous trading on the short-term basis, which indicates a potential decline on the positive momentum.