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Costco price trapped between a rock and a hard place - Forecast today - 04-08-2025

Economies.com
2025-08-04 12:54PM UTC
AI Summary
  • Costco Wholesale Corporation's stock price is currently supported by a bounce off a medium-term ascending trendline, but remains under negative pressure as it trades below its 50-day SMA
  • Positive signals are emerging from Stochastic indicators after reaching extremely oversold levels, indicating a potential rise in the stock price in upcoming sessions
  • The stock is expected to rise in the near future, with a target at the key resistance level of $974.00 if support holds at $925.00

Costco Wholesale Corporation’s stock price (COST) extended its gains in recent intraday trading, supported by a bounce off a medium-term ascending trendline, which provided bullish momentum and helped drive the stock higher. Positive signals are also emerging from Stochastic indicators after reaching extremely oversold levels. However, the stock remains under negative pressure as it continues to trade below its 50-day SMA, which may limit the strength of its recovery.

 

Therefore, we expect the stock price to rise in upcoming sessions, provided support holds at $925.00, with the next target at the key resistance level of $974.00.

 

Today’s price forecast: Bullish.

 

 

 

 

 

 

Oracle price stalls - Forecast today - 04-08-2025

Economies.com
2025-08-04 12:54PM UTC

Oracle Corporation's stock price (ORCL) declined in its latest intraday trading, as the stock moved to take profits from previous gains and attempted to build new bullish momentum. It also began relieving its overbought levels as shown by the Stochastic, which is starting to emit negative signals. Meanwhile, positive pressure persists as the stock continues to trade above its 50-day SMA and remains within the bounds of a short-term uptrend, supported by a rising slope line.

 

Therefore, we expect the stock price to rise in upcoming sessions, provided it first breaks through the resistance level at $251.60, to then target the next resistance at $275.00.

 

Today’s price forecast: Bullish.

 

 

 

 

 

 

 

Forecast update for Ethereum -04-08-2025

Economies.com
2025-08-04 12:14PM UTC

The price of (ETHUSD) kept rising in its last intraday trading, despite the emergence of the negative signals on the (RSI) after reaching overbought levels, amid the continuation of the negative pressure that comes from its trading below EMA50, besides the dominance of the bearish correctional trend on the short-term basis. This rise has been caused by the price attempt to recover some of its previous losses before it returns to decline.

 

 

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Forecast update for Bitcoin -04-08-2025

Economies.com
2025-08-04 12:02PM UTC

The price of (BTCUSD) declined in its last intraday trading, due to the stability of the critical resistance level at $114,500, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI)after forming a negative divergence after reaching overbought levels, which increased the negative pressure on the price.

 

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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