Goldman Sachs Group, Inc. (GS) surged higher in recent intraday trading after finding support at its 50-day Simple Moving Average (SMA), which provided the stock with positive momentum and helped fuel the latest gains. Additional support came from the emergence of a bullish divergence on momentum indicators, accompanied by fresh positive signals that reinforce the constructive outlook. The primary medium-term bullish trend remains firmly in control, while price action continues to move alongside a short-term ascending trendline that supports the current advance.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $985.00 remains intact. Under this scenario, the stock is expected to target the key resistance level at $1,125.
Today's price forecast: Bullish.
D-Wave Quantum Inc. (QBTS) moved lower in recent intraday trading amid the emergence of negative signals from momentum indicators. The stock appears to be attempting to build fresh positive momentum that could support a renewed recovery and advance. The latest pullback has brought the stock back to support at a short-term bullish corrective trendline, a development that enhances the prospects for another rebound, particularly if nearby support levels remain intact.
Accordingly, our outlook remains tilted to the upside for the stock's upcoming trading sessions, provided that support at $20.95 holds firm. Under this scenario, the stock is expected to target the $29.00 resistance level.
Today's price forecast: Neutral.
American Airlines Group, Inc. (AAL) pulled back in recent intraday trading as the stock entered a profit-taking phase following its previous gains. The decline appears to be an attempt to build fresh positive momentum that could support a renewed advance, while also easing some of the overbought conditions on momentum indicators, particularly as negative signals have started to emerge. Despite this consolidation, positive support remains intact through the stock's continued trading above its 50-day Simple Moving Average (SMA), reinforcing the stability and dominance of the primary short-term bullish trend.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, particularly if it succeeds in breaking above the current resistance level at $18.25. A confirmed breakout could pave the way for a move toward the next resistance target at $20.00.
Today's price forecast: Bullish.
Ethereum (ETHUSD) declined in its last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the dynamic support that comes from its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis.