Comcast Corporation (CMCSA) stock price recorded extended gains in its latest intraday trading, as the stock pushes to challenge the key resistance level at $32.25. This move comes under the dominance of a short-term corrective upward trend, with price action moving along a supportive trend line, alongside continued dynamic support from trading above its SMA50, which strengthens the chances of further near-term gains. However, the RSI has begun to show a negative crossover after reaching overbought territory, which may limit part of the upside.
Therefore we expect the stock price to rise in upcoming trading, especially if it succeeds in breaking above the $32.25 resistance level, to target the next resistance at $34.35.
Today’s price forecast: Bullish
The price of (ETHUSD) declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the dominance of the main bearish trend on short-term basis, especially with its trading alongside supportive minor trend line for this trend, besides the emergence of the negative signals from relative strength indicators, despite its stability in oversold levels.
Brent prices rose in their last intraday trading, approaching from the key resistance at $70.00, amid the dominance of the main bearish trend on short-term basis, alongside supportive trend line, with the emergence of positive signals from relative strength indicators, besides the continuation of the positive pressure of EMA50, which reinforces the chances of extending the gains in the upcoming period.
BTCUSD price settles on a decline in its last intraday trading, surpassing the current support at $74,000, this support was an expected target in our previous analysis, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this track, besides the continuation of the negative pressure due to its trading below EMA50, reinforcing the scenarios of deepening its losses on near-term basis.