Dow Inc. stock price (DOW) fell in latest intraday trading, amid ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels, and with the dominance of the main downward trend in the medium term as the price trades alongside the secondary short-term trend line.
Therefore we expect more losses for the price, provided it settles firmly below $31.00, targeting the pivotal support of $25.00.
Today’s price forecast: Bearish
Lennar Corporation’s stock price (LEN) fell in latest intraday trading, amid the dominance of the main downward trend in the medium term, with negative signals from the Stochastic after reaching overbought levels, while bumping into the resistance of the 50-day SMA, giving up to negative pressures.
Therefore we expect more losses for the price, targeting the pivotal support of $98.40, provided the resistance of $114.30 holds on.
Today’s price forecast: Bearish
ConocoPhillips’ stock price (COP) skidded in latest intraday trading, amid the dominance of the main downward trend in the medium term, as the price trades alongside the short-term secondary trend line, with negative pressure from the Stochastic despite reaching overbought levels, coupled with ongoing negative pressure due to trading below the 50-day SMA.
Therefore we expect more losses for the price, targeting the pivotal support of $79.90, as long as the resistance of $92.65 holds on.
Today’s price forecast: Bearish
The price of (ETHUSD) continued the rise in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels, with the continuation of the dynamic support by its trading above it’s EMA50, amid the dominance of the main bullish trend on the short- term basis.