Broadcom (AVGO) stock price recorded a decline in its latest intraday trading, amid the dominance of a short-term corrective bearish wave, while moving alongside a trendline supporting this path. Negative pressure is increasing as the stock continues to trade below its 50-day SMA, alongside the emergence of negative signals from the Stochastic indicator after reaching extremely overbought levels.

Therefore we expect the stock price to decline during its upcoming trading sessions, especially if it breaks below the current support level at $324.50, targeting the next support level at $287.00.

Today’s price forecast: Bearish

The price of (ETHUSD) keeps its early gains for today, reaching EMA50’s resistance, which reduces the chances of extending gains on near-term basis, especially with the dominance of the main bearish trend on short-term basis, with the beginning of forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of the negative signals.

Brent prices witnessed mixed moves on their last intraday levels, to complete its sideways range move in the previous period, as attempt to gather its positive strength that might help it to keep the main bullish trend on short-term basis, with its trading alongside trend line, taking advantage of its trading above EMA50, which provides renewed bullish momentum, on the other hand, we notice the emergence of negative overlapping signals from relative strength indicators, after offloading its oversold conditions.

BTCUSD price declined in its last intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive minor trend line for this bearish track, besides the negative pressure due to its trading below EMA50, besides the emergence of negative signals from relative strength indicators, after reaching exaggerated overbought levels compared to the price move.