MicroStrategy (MSTR) recorded cautious gains in its latest intraday trading, as the stock attempts to recover part of its previous losses and relieve its oversold saturation on the RSI indicators, especially with the arrival of positive signals. However, continued negative pressure persists from trading below its previous 50-day SMA, which reinforces the dominance and stability of the main short-term descending trend.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $231.90, targeting the support level of $152.35.

Today’s price forecast: Bearish

Merck & Company, Inc. (MRK) declined slightly in its latest intraday trading after the current resistance level at $105.00 held, prompting the stock to take profits from its previous gains while attempting to acquire positive momentum that may help it break through this resistance in the future. At the same time, the stock is trying to relieve part of its clear overbought saturation on the RSI indicators, especially with the beginning of negative signal inflows, all under the dominance of a short-term corrective upward trend.

Therefore we expect the stock to rise in its upcoming trading, especially if it breaks the mentioned resistance at $105.00, targeting thereafter the next resistance at $111.60.

Today’s price forecast: Bullish

Spotify Technology (SPOT) advanced slightly in its latest intraday trading, amid continued negative pressure from trading below its previous 50-day SMA, which reinforces the stability and dominance of the short-term corrective downward trend. With this rise, the stock attempts to recover part of its earlier losses while at the same time trying to relieve some of its clear oversold saturation on the RSI indicators, especially with the beginning of positive signal inflows.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $618.90, targeting the support level of $540.10.

Today’s price forecast: Bearish

International Paper Company (IP) extended its gains in its latest intraday trading as the stock attempts to correct its main short-term descending trend. However, continuous negative pressure persists from trading below its previous 50-day SMA, which limits its near-term recovery prospects. This comes especially with the emergence of a negative crossover on the RSI indicators after they reached extremely overbought levels in an exaggerated manner compared to the price movement, suggesting the early formation of a negative divergence.

Therefore we expect the stock to decline in its upcoming trading, especially if the resistance level of $39.50 holds, targeting again the pivotal support level of $35.55.

Today’s price forecast: Bearish