MicroStrategy Incorporated’s stock price (MSTR) declined in its latest intraday trading, as the stock attempted to gain positive momentum that could help it overcome the negative pressure from the previous 50-day SMA. At the same time, it is trying to ease its apparent overbought condition in the RSI indicators, especially after a negative crossover began to appear, while trading along a short-term main upward trendline.

Therefore, we expect the stock to rise in its upcoming trading, provided the support level of $358.50 holds, targeting the first resistance level at $430.35.

Today’s price forecast: Bullish

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