DocuSign, Inc (DOCU) stock rose slightly in its latest intraday trading, driven by positive signals from the relative strength indicators after reaching extremely oversold levels. This came following the stability of the key support level at $67.30, which provided additional positive momentum. However, the stock continues to face negative pressure from trading below the previous 50-day SMA and remains under the dominance of a short-term corrective bearish trend, trading along a descending line that supports this path.
Therefore, we expect the stock to decline in its upcoming trading sessions, especially if it breaks below the mentioned support level of $67.30, targeting the next support level at $59.80.
Today’s stock forecast: Bearish.
Abbott Laboratories (ABT) stock settled lower in its latest intraday trading, affected by a previously formed negative technical pattern on the short-term chart—an ascending wedge pattern. Continued negative pressure persists as the stock trades below the previous 50-day SMA, further supported by bearish signals from the relative strength indicators, despite reaching extremely oversold areas.
Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of 133.35$ holds, targeting the key support level of 120.50$.
Today’s stock forecast: Bearish.
The price of (ETHUSD) rose in its last trading on the intraday levels, after reaching our last suggested target at $3,700 support, attempting to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, and its trading alongside bearish trend line on the short-term basis, besides the negative signals on the relative strength indicators.
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Bitcoin (BTCUSD) prices rose during their last intraday trading, after reaching our last expected target at $105,000 support, amid the dominance of the main bearish trend on the short-term basis and its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, despite its reach to oversold levels, attempting to recover some of its previous losses.
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