MONGOBD’s stock price (MDB) fell in latest intraday trading on profit-taking, while gathering positive momentum to rise anew, while the price is hurt by piercing the main downward trend line in the short term, boosted by trading above the 50-day SMA, and coupled with positive signals from the Stochastic despite reaching overbought levels.
Therefore we expect the price to rise and target the first resistance at $250.95, provided the support of 198.58 holds on.
Today’s price forecast: Bullish
SAP SE’s stock price edged higher in latest intraday trading, amid the dominance of the main upward trend in the medium term, with ongoing positive pressure due to trading above the 50-day SMA, countered with negative signals from the Stochastic after reaching overbought levels, which could hinder upcoming gains.
Therefore we expect the stock to rise and target the resistance of $330.45, provided the support of 293.70 holds on.
Today’s price forecast: Bullish
Amazon’s stock price (AMZN) rallied in latest intraday trading, readying to tackle the current resistance of $214.85, while boosted by trading above the 50-day SMA, as the price trades alongside the secondary upward trend line in the short term, with positive signals from the Stochastic despite reaching overbought levels.
Therefore we expect more gains for the price, especially if the aforementioned resistance of $214.85 is reliably breached, targeting the next one at $233.00.
Today’s price forecast: Bullish
The price of (ETHUSD) rose in its recent intraday trading, attempting to offload some of its oversold levels on the (RSI), especially with the beginning of the emergence of the positive signals on the (RSI), reaching the resistance of its EMA50, amid the dominance of the bearish correctional trend on the short-term basis with its trading alongside a bias line, which increases the negative pressure.