Domino’s Pizza Inc. (DPZ) stock price recorded gains in its latest intraday trading, as the stock attempts to break above a main short-term bearish trendline. This move comes alongside efforts to overcome the negative pressure from its 50-day SMA, which could signal a more sustainable recovery in the near term. In addition, positive signals are emerging from the Stochastic indicator after the stock managed to ease its overbought conditions, giving it more room to achieve further gains.

Therefore we expect the stock price to rise during its upcoming trading sessions, provided that support at $397.00 remains intact, targeting the resistance level at $442.00.

Today’s price forecast: Bullish

The price of (ETHUSD) rose in its last intraday trading, before reaching EMA50’s resistance, which might put the price under negative pressure on an intraday basis, accompanied by reaching exaggerated overbought levels by the relative strength indicators, increasing the likelihoods of facing profit taking or temporary decline. The bearish trend remains dominant on short-term basis, which might limit the ability to continue the rise unless they breach this resistance and hold above it.

Brent prices declined in their last intraday trading, in attempt to gather its previous gains quickly, and attempts to close this price gap, amid the emergence of negative signals from the relative strength indicators, after reaching overbought levels, to gather its positive strength that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price return to rise in the upcoming period.

BTCUSD price rose in its last intraday trading, to retest the key resistance at $68,000, accompanied by reaching EMA50’s resistance, supported by the emergence of the positive signals from the resistance strength indicators, indicating a quick decline for the bullish momentum, affected by short-term negative technical formation that is represented by the broadening wedge pattern.