Marriott International Inc. (MAR) shares declined in their latest intraday trading, as the stock continued to move sideways in the short term, fluctuating around its 50-day simple moving average. The decline came after the price faced strong resistance at the key 276.00$ level, coinciding with negative signals appearing on the relative strength indicators after reaching overbought zones.
Therefore, we expect the stock to decline in upcoming trading sessions as long as it remains below the 276.00$ resistance level, targeting the key support area at 253.60$.
Today’s stock forecast: Bearish.
The price of (ETHUSD) declined in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, after offloading some of its oversold conditions in its previous moves, leaning on the support of the EMA50, in a last attempt to find a rising low to help it gain the required bullish momentum to recover, especially with the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline.
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Bitcoin (BTCUSD) prices declined during their last intraday trading, with the emergence of negative signals on the relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish corrective trend on the short-term basis, and its trading alongside supportive trendline, besides the continuation of the positive pressure due to its trading above EMA50, reinforcing the possibilities for the price recovery in the upcoming period.
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Brent crude oil prices rose in their last intraday trading, saving itself from early losses due to the stability of the current support at $63.70, amid forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals, besides the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery in the upcoming period, especially with the dominance of the bullish corrective trend on the short-term basis.
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