Exxon Mobil Corporation’s stock price (XOM) declined in recent intraday trading as it attempts to gain positive momentum that could support a new rebound. The latest dip was supported by the stock’s 50-day simple moving average, reinforcing the short-term corrective uptrend and its movement along a supporting trendline.
Therefore, we expect the stock price to rise in upcoming sessions, provided support holds at $107.45, with the next target at the key resistance level of $115.45.
Today’s price forecast: Bullish.
Costco Wholesale Corporation’s stock price (COST) extended its gains in recent intraday trading, supported by a bounce off a medium-term ascending trendline, which provided bullish momentum and helped drive the stock higher. Positive signals are also emerging from Stochastic indicators after reaching extremely oversold levels. However, the stock remains under negative pressure as it continues to trade below its 50-day SMA, which may limit the strength of its recovery.
Therefore, we expect the stock price to rise in upcoming sessions, provided support holds at $925.00, with the next target at the key resistance level of $974.00.
Today’s price forecast: Bullish.
Oracle Corporation's stock price (ORCL) declined in its latest intraday trading, as the stock moved to take profits from previous gains and attempted to build new bullish momentum. It also began relieving its overbought levels as shown by the Stochastic, which is starting to emit negative signals. Meanwhile, positive pressure persists as the stock continues to trade above its 50-day SMA and remains within the bounds of a short-term uptrend, supported by a rising slope line.
Therefore, we expect the stock price to rise in upcoming sessions, provided it first breaks through the resistance level at $251.60, to then target the next resistance at $275.00.
Today’s price forecast: Bullish.
The price of (ETHUSD) kept rising in its last intraday trading, despite the emergence of the negative signals on the (RSI) after reaching overbought levels, amid the continuation of the negative pressure that comes from its trading below EMA50, besides the dominance of the bearish correctional trend on the short-term basis. This rise has been caused by the price attempt to recover some of its previous losses before it returns to decline.
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