Dell Technologies (DELL) stock advanced slightly in its latest intraday trading, after finding support at its previous 50-day SMA. The short-term corrective bullish trend remains in control, with a positive divergence starting to form in the Stochastic indicators after reaching extremely oversold levels, exaggerated relative to the stock’s movement. A positive crossover has also begun to appear, adding to the surrounding bullish momentum.
Therefore, we expect the stock to rise in its upcoming trading, provided the support level of 123.88 holds, to then target the key resistance level of 147.66.
Today’s price forecast: Bullish.
Generac Holdings Inc. (GNRC) stock declined slightly in its latest intraday trading after stabilizing below the key resistance level of 195.95. The stock is attempting to gain positive momentum that may help it break this resistance, while the main short-term trend remains bullish, supported by continued trading above its 50-day SMA. In addition, we notice the beginning of a positive crossover in the Stochastic indicators, following their retreat from extremely oversold levels.
Therefore, we expect the stock to rise in its upcoming trading, provided it first breaks through the mentioned resistance of 195.95, to then target its next resistance at 221.60.
Today’s price forecast: Bullish.
The price of (ETHUSD) settled with cautious gains in its last intraday trading, attempting to get rid of the negative pressure of the EMA50, announcing its recovery and opening the way towards achieving more of the gains, especially with its trading alongside a minor bullish trend on the short-term basis, with the emergence of the positive signals on the (RSI), after reaching oversold levels that provides renewed bullish momentum.
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The price of (BTCUSD) is under the negative pressure on the last intraday levels, which decelerated its early gains due to the stability of the support level at $109,000, this support was our target previously, with the emergence of the positive signals on the (RSI), after reaching oversold levels to offload this condition, but the price remains under the dynamic negative pressure that comes from its trading below EMA50, and under the dominance of minor bearish wave and its trading alongside a supportive bias line on the near-term basis.
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