Merck & Company, Inc. (MRK) stock turned green in its latest session, with the short-term corrective bullish trend remaining in control and trading along a supportive upward-sloping trendline. Positive signals are appearing on the RSI after reaching highly oversold areas, allowing the stock to overcome the negative pressure of the previous 50-day SMA. This opens the door for further gains in the near term.

Therefore, we expect the stock price to rise in upcoming trading, as long as the 77.55$ support level holds, targeting the nearby key resistance level of 85.25$ in preparation to break it.

Today’s price forecast: Bullish

Spotify Technology (SPOT) stock rose slightly in its latest intraday trading, attempting to overcome the negative pressure of the previous 50-day SMA. The main bullish trend remains in control, supported by trading along a short-term upward-sloping trendline. However, negative signals have begun to appear on the RSI after reaching highly overbought areas, which may limit the stock’s advance in the near term.

Therefore, we expect the stock price to rise in upcoming trading, provided the 652.65$ support level holds, targeting the key resistance level of 785.00$.

Today’s price forecast: Bullish

International Paper Company (IP) stock rose slightly in its latest intraday trading, attempting to recover part of previous losses while also trying to relieve some of the oversold pressure apparent on the Relative Strength Index indicators, especially as positive signals begin to appear. However, the stock’s recent rise faced resistance from the 50-day SMA, with the medium-term trend still under bearish control.

Therefore, we expect the stock price to decline in its upcoming trading, as long as the 48.50$ resistance holds, targeting the key support level of 43.55$.

Today’s price forecast: Bearish

The price of (ETHUSD) declined in its last intraday trading, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, gathering its positive strength that might help it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

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