General Mills (GIS) stock price extended its cautious gains in its latest intraday trading, as the stock attempts to recover some of its previous losses. During this move, the Stochastic indicator reached extremely overbought levels, which are significantly exaggerated relative to price action, suggesting the beginning of a negative divergence. This is further reinforced by the emergence of a negative crossover, amid continued negative pressure from trading below its 50-day SMA, which strengthens the stability and dominance of the main medium-term bearish trend.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $40.35 remains intact, targeting the support level at $34.50.

Today’s price forecast: Bearish

Ethereum price (ETHUSD) kept rising in its recent intraday trading, taking advantage of the positive pressure due to its trading above EMA50, affected by breaching bearish corrective trend line on the short-term basis, surpassing the previous negative pressure, on the other hand, we notice the emergence of negative overlapping signals from the relative strength indicators, which might reduce the upcoming gains temporarily due to its neediness to offload some of these overbought conditions.

Brent crude oil price declined during its recent trading on the intraday levels, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, attempting to offload these overbought conditions, to gather its positive strength that might help it to recover again. this scenario will be reinforced by moving above EMA50, besides its trading alongside main bullish trend line on a short-term basis.

Bitcoin (BTCUSD) extended its gains in recent intraday trading, affected by exiting bearish corrective channel’s range that limited its previous trading on short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the bullish scenario in the near upcoming period, especially with the emergence of positive signals from the relative strength indicators, despite reaching overbought levels.