Morgan Stanley (MS) continued rising in its latest intraday trading, supported by ongoing dynamic strength from trading above its previous 50-day SMA, which reinforces the stability and dominance of the main medium-term ascending trend, especially with the price moving alongside a supporting trendline. However, we note the early emergence of a negative crossover on the RSI indicators after they reached extremely overbought levels, which may limit the stock’s upcoming gains.
Therefore we expect the stock to rise in its upcoming trading, as long as it remains above the support level of $171.60, targeting the resistance level of $190.25.
Today’s price forecast: Bullish
Dell Technologies (DELL) declined in its latest intraday trading after colliding with the resistance of its previous 50-day SMA, coinciding with the emergence of a negative crossover on the RSI indicators after they reached extremely overbought levels, in an exaggerated manner compared to the stock’s price movement. This suggests the early formation of a bearish divergence, which further intensifies the negative pressure surrounding the stock, especially amid the dominance of a short-term corrective downward trend.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $142.00 remains intact, targeting the pivotal support level at $117.70.
Today’s price forecast: Bearish
Generac Holdings Inc. (GNRC) rose in its latest intraday trading, benefiting from the dominance of the main medium-term ascending trend with the price moving alongside a supporting trendline. The stock is attempting to shed the negative pressure of its previous 50-day SMA. However, this effort is being constrained by the arrival of negative signals from the RSI indicators after they reached extremely overbought levels, which may temporarily halt a full recovery.
Therefore we expect the stock to rise in its upcoming trading, provided the support level at $155.00 holds, targeting the resistance level of $180.30.
Today’s price forecast: Neutral
The price of (ETHUSD) declined slightly on the last intraday trading, offloading some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis, especially with its trading alongside main and minor trend lines.