Intel Corporation’s stock price (INTC) rose in the intraday levels, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI with positive signals coming out of them, amid the dominance of the downward trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of $26.86, provided it settles below the resistance of $32.42.
Trend forecast: Likely Bearish
Chevron Corporation’s stock price (CVX) rose in the intraday levels, amid the dominance of the upward short-term trend, while trading alongside the trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $167.00, provided it settles above $157.63.
Trend forecast: Bullish
ETSY’s stock price rose in the intraday levels, and tackled the important resistance of $65.88, with support from the 50-day SMA, and positive signals from the RSI, after managing to vent off overbought saturation in the RSI, while buoyed by piercing the downward short-term trend line.
Therefore we expect more gains for the stock, targeting the resistance of $73.50, provided the initial resistance of $65.88 was reliably pierced.
Trend forecast: Bullish
Ethereum price (ETHUSD) tested 3132.80$ level and finds solid support there, waiting to get negative motive that assist to push the price to break this level and confirm opening the way to head towards 2905.30$ level as a next correctional station, reminding you that the continuation of the bearish wave depends on the price stability below 3360.31$.
The expected trading range for today is between 3020.00$ support and 3300.00$ resistance.
Trend forecast: Bearish