Generac Holdings Inc. (GNRC) rose in its latest intraday trading, benefiting from the dominance of the main medium-term ascending trend with the price moving alongside a supporting trendline. The stock is attempting to shed the negative pressure of its previous 50-day SMA. However, this effort is being constrained by the arrival of negative signals from the RSI indicators after they reached extremely overbought levels, which may temporarily halt a full recovery.

Therefore we expect the stock to rise in its upcoming trading, provided the support level at $155.00 holds, targeting the resistance level of $180.30.

Today’s price forecast: Neutral

The price of (ETHUSD) declined slightly on the last intraday trading, offloading some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis, especially with its trading alongside main and minor trend lines.

Bitcoin (BTCUSD) prices fluctuated in its last intraday trading, to attempt to gain bullish momentum that might help it to breach the resistance at $94,000, besides the attempt to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signal, amid the continuation of the dynamic support that is represented by its trading above EMA50, under the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline.

Brent crude oil’s price declined in its recent trading on the intraday levels, to settle below $61.25 key support, reinforcing the chances of extending the intraday losses, especially with the continuation of the negative pressure that comes from its trading below EMA50, with the dominance of steep minor bearish wave on the short-term basis.