Goldman Sachs Group, Inc. (GS) stock price recorded gains in its latest intraday trading, as the stock attempts to recover part of its previous losses while also trying to ease its clear oversold conditions on the Stochastic indicator, especially with the beginning of a positive crossover. However, the stock remains affected by the break of a main medium-term bullish trendline, with continued negative pressure as it trades below its 50-day SMA.
Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $868.50 remains intact, targeting the support level at $740.00.
Today’s price forecast: Bearish
D-Wave Quantum Inc. (QBTS) stock price recorded slight gains in its latest intraday trading, as the stock continues its sideways movement in the short term. Negative dynamic pressure remains in place as the price continues to trade below its 50-day SMA, under the dominance of a short-term corrective bearish trend while moving alongside a trendline supporting this path. However, the Stochastic indicator is showing positive signals after the stock managed to ease its overbought conditions, which has helped the price stabilize against these negative pressures.
Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $21.70 remains intact, targeting the key support level at $14.20.
Today’s price forecast: Bearish
American Airlines Group, Inc. (AAL) stock price recorded gains in its latest intraday trading after the key support level at $11.05 held firm, which provided the stock with some positive momentum that helped drive these gains. The price is attempting to recover part of its previous losses while also easing its oversold conditions on the Stochastic indicator, especially with the beginning of a positive crossover. However, a steep short-term corrective bearish wave remains dominant, with continued negative pressure as the stock trades below its 50-day SMA.
Therefore we expect the stock price to decline during its upcoming trading sessions, especially if it breaks below the mentioned support at $11.05, targeting the key support level at $9.00.
Today’s price forecast: Bearish
The price of (ETHUSD) settles on a rise in its last intraday trading, amid the dominance of the bullish corrective trend on short-term basis, with its trading alongside supportive trend line for this track, with the continuation of the dynamic pressure that is represented by its trading above EMA50, besides the emergence of the positive signals from relative strength indicators, despite reaching overbought levels.