JPMorgan price soars - Forecast today - 17-05-2024
JPMorgan Chase’s stock price (JPM) inched up in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, hindering gains.
Therefore we expect more gains for the stock, targeting the first resistance at $215.00, provided it settles above $200.00.
Trend forecast: Bullish
Wells Fargo price collects profits - Forecast today - 17-05-2024
Wells Fargo & Company’s stock price (WFC) fell in the intraday levels, amid negative signals from the RSI, with the stock collecting profits and gathering momentum to rise anew, amid the dominance of the main upward short-term trend, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of $67.00, provided it settles above $58.44.
Trend forecast: Likely Bullish
Ethereum price (ETHUSD) forecast update - 17-05-2024
Ethereum (ETHUSD) Price Analysis
Expected Scenario
- Ethereum price (ETHUSD) rallies upwards to surpass the EMA50 and confirm the continuation of the bullish bias for the upcoming sessions, targeting testing 3132.80$ level mainly, being aware that it is important to monitor the price at this level, as breaching it represents the key to rally towards 3360.30$ as a next positive target.
- On the other hand, we should note that the consolidation of the mentioned target against the bullish rally will push the price to decline again and test 2905.30$ level initially.
Expected Trading Range
Between 2680.00$ support and 3100.00$ resistance.
Trend Forecast: Bullish
Bitcoin price (BTCUSD) forecast update - 17-05-2024
Bitcoin (BTCUSD) Price Analysis
Expected Scenario
- Bitcoin price (BTCUSD) resumes its positive trading to move away from 65390.00$ level, reinforcing the expectations of continuing the bullish trend for today, and the price needs to surpass 67080.00$ level to reinforce the expectations of rallying towards 70000.00$ as a next main target.
- Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 65390.00$ and holding below it.
Expected Trading Range
Between 64000.00$ support and 68000.00$ resistance.
Trend Forecast: Bullish