Coinbase Global, Inc. (COIN) edged cautiously higher in recent intraday trading, but negative pressure continues to dominate as the stock remains below its 50-day Simple Moving Average (SMA), reinforcing the stability and dominance of the primary medium-term bearish trend. Price action also continues to follow a descending trendline that supports the current downtrend. Meanwhile, momentum indicators are generating bearish signals after forming a bearish divergence following an excessively overbought reading relative to the stock's price action, adding further downside pressure.
Therefore, our outlook remains tilted to the downside for the stock's upcoming trading sessions, as long as resistance at $186.35 remains intact. Under this scenario, the stock is expected to target the key support level at $139.35.
Today's price forecast: Bearish.
PayPal Holdings, Inc. (PYPL) maintained its recent streak of gains in intraday trading, with the latest advance bringing the stock to a test of the important resistance level at $47.45. The stock continues to benefit from its earlier breakout above a major medium-term bearish trendline, while trading above its 50-day Simple Moving Average (SMA) provides dynamic support that strengthens the prospects for a successful breakout. Meanwhile, momentum indicators continue to generate positive signals despite remaining in extremely overbought territory.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, particularly if it succeeds in breaking above the $47.45 resistance level. A confirmed breakout could pave the way for a move toward the key resistance target at $52.30.
Today's price forecast: Bullish.
ASML Holding N.V. (ASML) surged higher in recent intraday trading after successfully holding above the key support level at $1,730. This rebound coincided with the stock finding support at its 50-day Simple Moving Average (SMA), providing fresh positive momentum that fueled the latest gains. The primary medium-term bullish trend remains firmly in control, while price action continues to move alongside a short-term ascending trendline that supports the current advance. Meanwhile, momentum indicators have begun to generate positive signals after previously reaching extremely oversold territory.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $1,730 remains intact. Under this scenario, the stock is expected to target the key psychological resistance level at $2,000.
Today's price forecast: Bullish.
Uber Technologies, Inc. (UBER) slipped lower in recent intraday trading amid the emergence of bearish signals from momentum indicators after they had previously reached overbought territory. The stock remains under the control of the primary short-term bearish trend, with price action continuing to move alongside a descending trendline that supports the current downtrend. The latest decline has also pushed the stock below its 50-day Simple Moving Average (SMA), reducing the prospects for a near-term recovery and increasing the likelihood of further losses.
Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $76.40 remains intact. Under this scenario, the stock is expected to target the key support level at $69.60.
Today's price forecast: Bearish.