MicroStrategy Incorporated (MSTR) stock price recorded a decline in its latest intraday trading, positioning the stock to potentially break below the key support level at $152.35. This comes amid continued negative pressure from trading below its SMA50, under the dominance of the main short-term downtrend, with price action moving along a trend line supporting this bearish path. In addition, negative signals continue to emerge from the RSI, reinforcing downside risks.

Therefore we expect the stock price to decline in upcoming trading, especially if it confirms a break below the $152.35 support level, to target the next support at $93.00.

Today’s price forecast: Bearish

Merck & Company, Inc. (MRK) stock price recorded a slight pullback in its latest intraday trading, as the stock attempts to search for a rising bottom that could form a base to help it regain the positive momentum needed to resume its recovery. This comes under the dominance of the main short-term upward trend, alongside continued dynamic support from trading above its SMA50, which enhances the stock’s near-term recovery prospects. In addition, a positive crossover has begun to appear on the RSI after it reached extremely oversold levels in an exaggerated manner compared to price action, suggesting the formation of a positive divergence.

Therefore we expect the stock price to rise in upcoming trading, provided that the $105.00 support level holds, to target the $112.90 resistance level.

Today’s price forecast: Bullish

Spotify Technology S.A. (SPOT) stock price recorded a pullback in its latest intraday trading, after the stock managed to unwind its oversold conditions on the RSI, which has now moved into extremely overbought territory compared to price action. This comes amid continued negative pressure from trading below its SMA50, which reinforces the stability and dominance of the short-term downward trend, especially with price action moving along a trend line supporting this bearish path.

Therefore we expect the stock price to decline in upcoming trading, as long as the $548.75 resistance level remains intact, to target the $475.00 support level.

Today’s price forecast: Bearish

International Paper Company (IP) stock price recorded a decline in its latest intraday trading, following the stabilization of the key resistance level at $43.00, alongside incoming negative signals from the RSI. However, the indicator has reached excessively oversold levels compared to price action, suggesting the buildup of renewed positive momentum around the stock that could enhance recovery prospects in the near term. This comes especially as price action moves along a short-term corrective upward trend line, with continued dynamic support from trading above its SMA50.

Therefore we expect the stock price to rise in upcoming trading, but only if it first succeeds in breaking above the $43.00 resistance level, to target the next resistance at $46.55.

Today’s price forecast: Bullish