Costco Wholesale Corporation (COST) moved lower in recent intraday trading as the stock remained under the control of a short-term bearish corrective trend. Selling pressure continues to weigh on price action as the stock trades below its 50-day Simple Moving Average (SMA). Meanwhile, momentum indicators are beginning to form a bearish divergence after reaching extremely overbought levels relative to the stock's price action, with a bearish crossover also starting to emerge. These signals reinforce the negative technical outlook and leave the stock vulnerable to additional losses in the near term.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $969.00 remains intact. Under this scenario, the stock is expected to target the support level at $907.00.

Today's price forecast: Bearish.

Palo Alto Networks (PANW) moved lower in recent intraday trading after the stock once again held below the key resistance level at $368.80. This pullback appears to be allowing the stock to rebuild positive momentum that could support a breakout above that resistance. The primary short-term uptrend remains firmly intact, with price action continuing to follow a relatively steep ascending trendline, highlighting the strength of the prevailing bullish trend. In addition, the stock continues to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the positive technical outlook.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $318.35 remains intact. Under this scenario, the stock is expected to retest the key resistance level at $368.80 in preparation for a potential breakout.

Today's price forecast: Bullish.

Palantir Technologies Inc. (PLTR) has been trading sideways within a narrow range during recent intraday trading after encountering resistance at its 50-day Simple Moving Average (SMA), which halted its recent rebound attempt aimed at correcting the primary medium-term downtrend. Price action continues to follow a descending trendline that reinforces the prevailing bearish trend. Meanwhile, momentum indicators have started generating fresh bearish signals after reaching extremely overbought levels, adding to the negative pressure surrounding the stock.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $138.90 remains intact. Under this scenario, the stock is expected to target its first support level at $122.65.

Today's price forecast: Bearish.

Ethereum (ETHUSD) is experiencing fluctuating trading on its last intraday levels, attempting to gain bullish momentum to help it breach the key resistance level at $1,935, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of moving higher, especially with the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, opening the way for extending these gains.