Morgan Stanley (MS) stock declined in its latest intraday trading, taking profits from its previous gains while attempting to gain positive momentum that could help it recover and rise again. The stock continues to benefit from dynamic support provided by trading above the previous 50-day SMA and remains under the dominance of the main short-term bullish trend, with trading along an ascending line that reinforces this path. In addition, positive signals are appearing from the relative strength indicators.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $151.85 holds, targeting the resistance level of $171.60.
Today’s stock forecast: Bullish.
Dell Technologies (DELL) stock declined in its latest intraday trading amid the appearance of negative signals from the relative strength indicators. The stock is attempting to gain positive momentum that could help it recover and rise again, supported by continued positive pressure from trading above the previous 50-day SMA and under the dominance of the main short-term bullish trend, with trading along an ascending line that supports this path.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $142.00 holds, targeting the resistance level of $169.65.
Today’s stock forecast: Bullish.
Generac Holdings Inc (GNRC) stock declined slightly in its latest intraday trading after repeatedly testing the key and stubborn resistance level of $195.95. The stock is trying to gain positive momentum that could help it break through that resistance while also correcting its overbought levels on the relative strength indicators, where a bearish crossover has started to appear. It remains supported by positive pressure from trading above the 50-day SMA and under the dominance of the main short-term bullish trend, with trading along an ascending line.
Therefore, we expect the stock to rise in its upcoming trading sessions, provided that it first breaks above the mentioned resistance level of $195.95, targeting the next resistance level at $221.60.
Today’s stock forecast: Bullish.
Ripple (XRPUSD) advanced slightly in its latest intraday trading, attempting to recover part of its previous losses while also working off its clearly oversold levels shown by the relative strength indicators, especially amid the start of positive signals emerging from them. However, ongoing dynamic pressure from trading below the 50-day SMA reduces the chances of a near-term recovery, while the main short-term bearish trend remains dominant, with trading along a descending line that reinforces this direction.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $2.5397 holds, targeting the support level of $1.7710.
Today’s price forecast: Bearish.