CrowdStrike Holdings, Inc. (CRWD) edged slightly lower in recent intraday trading as the stock entered a profit-taking phase following its previous gains, while attempting to build fresh positive momentum that could support a continuation of its advance. The primary medium-term bullish trend remains firmly in control, with price action continuing to move alongside a short-term ascending trendline that reinforces the current uptrend. In addition, the stock continues to benefit from positive support provided by trading above its 50-day Simple Moving Average (SMA). Meanwhile, momentum indicators have started to generate fresh bullish signals after the stock successfully worked off its overbought conditions, giving it greater room to extend its gains.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $181.00 remains intact. Under this scenario, the stock is expected to target its next resistance level at $230.00.
Today's price forecast: Bullish.
Rivian Automotive, Inc. (RIVN) moved higher in recent intraday trading, supported by dynamic strength from trading above its 50-day Simple Moving Average (SMA). The primary medium-term bullish trend remains firmly in control, while price action continues to follow a short-term ascending trendline that reinforces the current upward trajectory. This positive outlook is further supported by the emergence of a bullish crossover on momentum indicators after the stock successfully worked off its overbought conditions, giving it greater room to extend its recent gains.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $16.35 remains intact. Under this scenario, the stock is expected to target the key resistance level at $20.20.
Today's price forecast: Bullish.
Illumina, Inc. (ILMN) moved lower in recent intraday trading as momentum indicators began to generate bearish signals after previously reaching extremely overbought territory. The pullback appears to be an attempt to build fresh positive momentum that could support a renewed recovery and advance. Despite the recent weakness, positive support remains firmly in place through the stock's continued trading above its 50-day Simple Moving Average (SMA), reinforcing the stability and dominance of the primary bullish trend across both the medium and short term.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as the stock holds above the $174.75 support level. Under this scenario, the next upside target is the $210.00 resistance level.
Today's price forecast: Bullish.
Ethereum (ETHUSD) declined on its last intraday levels, due to the stability of the resistance at $1,940, which was a previous expected target, to attempt to gain bullish momentum that might help it to recover and breach this resistance, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the chances of a near recovery.