Generac Holdings Inc. (GNRC) stock price recorded gains in its latest intraday trading, as the stock succeeded in overcoming the negative pressure from its 50-day SMA. This signals a recovery in the near term, especially with price moving alongside a short-term minor bullish trendline, in addition to positive signals emerging from the Stochastic indicator despite reaching extremely overbought levels.

Therefore we expect the stock price to rise during its upcoming trading sessions, especially if it breaks above the resistance at $212.00, targeting its key resistance at $236.00.

Today’s price forecast: Bullish

Ethereum (ETHUSD) witnessed strong gains on the intraday basis, to settle above the key resistance at $2,195, as a clear signals in confirming breaching this resistance, amid the continuation of the positive support due to its trading above EMA50, reinforcing the stability of minor bullish wave that dominates the short-term trading, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, which might reduce the upcoming gains unless these signals turns to the upside track.

Brent crude oil prices declined during recent intraday trading, preparing to break the key support level of $93.50, amid the dominance of bearish corrective wave on the short-term basis, supported by the trading below EMA50, besides the emergence of negative signals from the relative strength indicators, intensifying the negative pressure on the price.

Bitcoin (BTCUSD) rose during recent intraday trading, affected by its stability above the key resistance of $71,500, to gain renewed bullish momentum that helped it to face the attempts of the price to decline, which aimed to offload some of its overbought conditions on the relative strength indicators, amid the dominance of minor bullish wave on the short-term basis, as a clear signals for the stability of the bullish trend and targeting new resistance levels.