Dollar Tree, Inc. (DLTR) stock inched higher in its latest intraday trading, ending a volatile session as early negative signals emerged on the relative strength indicators after reaching overbought levels. However, the stock continues to receive positive support from trading above its 50-day simple moving average, while remaining under the influence of the main short-term uptrend and moving along a rising trendline that reinforces this trajectory.
Therefore, we expect the stock to rise in upcoming trading sessions as long as it holds above the 94.20$ support level, targeting the first resistance area at 108.05$.
Today’s stock forecast: Bullish.
The Coca-Cola Company (KO) stock rose in its latest intraday trading, supported by a breakout above a corrective ascending trendline in the short term and continued trading above its 50-day simple moving average. Additionally, a positive crossover has begun to appear on the relative strength indicators after the stock successfully relieved its previous overbought pressure, giving it more room for further short-term gains.
Therefore, we expect the stock to rise in upcoming trading sessions as long as it remains above the 68.65$ support level, targeting the key resistance level at 74.35$.
Today’s stock forecast: Bullish.
Marriott International Inc. (MAR) shares declined in their latest intraday trading, as the stock continued to move sideways in the short term, fluctuating around its 50-day simple moving average. The decline came after the price faced strong resistance at the key 276.00$ level, coinciding with negative signals appearing on the relative strength indicators after reaching overbought zones.
Therefore, we expect the stock to decline in upcoming trading sessions as long as it remains below the 276.00$ resistance level, targeting the key support area at 253.60$.
Today’s stock forecast: Bearish.
The price of (ETHUSD) declined in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, after offloading some of its oversold conditions in its previous moves, leaning on the support of the EMA50, in a last attempt to find a rising low to help it gain the required bullish momentum to recover, especially with the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline.
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