GitLab’s stock price (GTLB) inched higher in latest intraday trading, retesting the pivotal resistance level of $47.75, while simultaneously touching the resistance of the 50-day SMA — a move that adds to the stock’s negative pressure. This comes alongside emerging negative signals streaming from the Stochastic after reaching extremely overbought levels, exaggerated relative to the price movement, suggesting the start of a negative divergence.

Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $47.75 holds on, targeting the pivotal support level of $40.40.

Today’s price forecast: Bearish

The price of (ETHUSD) settled high in its recent intraday levels, settling in a truce to catch its breath by gathering its gains, and offloading some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals on them, gathering its positive strength that might assist it to rise again, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.

The price of (BTCUSD) is gathering its gains in its intraday levels, declining slightly in attempt to gather its positive momentum that it assist it to rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the stability of its trading above the psychological support at $110,000, supported by its trading above EMA50.

The price of (Brent) witnesses fluctuated moves within limited range of the sideways trading, in attempt to gain a positive momentum that might assist it to recover again, due to the emergence of the negative signals on the (RSI), with the continuation of the positive dynamic pressure due to its trading above EMA50, and under the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis.