Merck & Company, Inc. (MRK) stock price declined in its latest intraday trading after colliding with the resistance of its 50-day SMA, which exposed the stock to negative pressure amid the dominance of a short-term corrective bearish wave, while also being affected by a previous break below an upward trend line. In the background, we notice the beginning of negative signals emerging from the Stochastic indicators after reaching deeply overbought levels in an exaggerated manner compared to the stock’s movement.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $115.00 resistance level, targeting the $107.90 support level.

Today’s price forecast: Bearish

SPOTIFY TECHNOLOGY (SPOT) stock price declined again during its latest intraday trading, amid continued negative pressure from trading below its previous 50-day simple moving average, which reinforces the stability and dominance of the main bearish trend over the medium term, while moving alongside a trendline supporting this trajectory. In addition, the RSI indicators have entered severely overbought territory in an exaggerated manner relative to the stock’s movement, suggesting the beginning of a negative divergence formation.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $488.80 remains intact, targeting the key support level at $410.00.

Today’s price forecast: Bearish

Ethereum price (ETHUSD) decline during its recent intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this trend, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, besides the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which increases the chances of full recovery on the near-term basis.

Brent crude oil price witnessed strong and sudden gains during its recent intraday trading, amid emerging negative signals from relative strength indicators. After reaching oversold levels, to settle again above main bullish trend line on the short-term basis, announcing its failure to break it, which represents clear positive signals that might turn the bullish trend back in the near-term basis, especially if the price surpassed the negative pressure of the EMA50, to gain renewed bullish momentum.