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Fortinet price shows more signs of weakness - Forecast today - 02-09-2025

Economies.com
2025-09-02 12:22PM UTC
AI Summary
  • Fortinet, Inc. (FTNT) stock is showing signs of weakness, with indicators reaching overbought levels and suggesting a negative divergence in momentum.
  • The stock is expected to decline in upcoming trading sessions, targeting a support level of 70.12 as long as the resistance level of 81.70 holds.
  • Today's price forecast for Fortinet is bearish.

Fortinet, Inc. (FTNT) stock declined slightly in its latest intraday trading, after previously holding steady against short-term losses supported by positive signals in the Stochastic indicators. However, those indicators have recently reached strongly overbought levels, exaggerated relative to the stock’s movement, suggesting the formation of a negative divergence. This points to the fading of the positive momentum that had surrounded the stock, while continued negative pressure persists from trading below its previous 50-day SMA.

 

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 81.70 holds, to then target the support level of 70.12.

 

Today’s price forecast: Bearish.

GitLab price collects profits - Forecast today - 02-09-2025

Economies.com
2025-09-02 12:21PM UTC

GitLab (GTLB) stock declined in its latest intraday trading, as it undergoes profit-taking from its previous gains while attempting to unwind part of its clear overbought levels in the Stochastic indicators, especially with a negative crossover beginning to appear. This could allow the stock to gather positive momentum that may support a recovery and renewed rise, backed by continued trading above its previous 50-day SMA and influenced by breaking a minor downward slope line on the short term.

 

Therefore, we expect the stock to rise in its upcoming trading, provided the support level of 45.00 holds, to then target the key resistance level of 54.00.

 

Today’s price forecast: Bullish.

Dick's Sporting price leans on SMA support - Forecast today - 02-09-2025

Economies.com
2025-09-02 12:21PM UTC

Dick’s Sporting Goods Inc. (DKS) stock slipped lower in its latest intraday trading, as negative signals appeared in the Stochastic indicators after previously reaching strongly overbought levels. The stock is attempting to find a higher bottom that could serve as a base to gain the positive momentum needed for recovery, with its latest decline resting on support from the previous 50-day SMA. The short-term corrective bullish trend remains in control.

 

Therefore, we expect the stock to rise in its upcoming trading, but on the key condition that the support level of 212.60 holds, to then target the resistance level of 239.30.

 

Today’s price forecast: Bullish.

Forecast update for Ethereum -02-09-2025

Economies.com
2025-09-02 11:15AM UTC

The price of (ETHUSD) settles with gains in its last intraday levels, after recovering big part of its previous losses, and it managed to offload its oversold conditions on the (RSI), however the price remains suffering from the continuation of the negative pressure due to its trading below EMA50, especially with its trading alongside bearish correctional trend line on the short-term basis, which shrinks the chances for the price recover on the near-term basis.

 

 

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