Nu Holdings Ltd. (NU) stock price recorded gains in its latest intraday trading, as the stock’s rise brought it into contact with resistance at its 50-day SMA. This exposed the stock to negative pressure, causing it to bounce lower and trim much of its early gains, amid the dominance of a short-term corrective bearish wave. In the background, negative signals are beginning to emerge from the Stochastic indicator after reaching extremely overbought levels, which adds more negative pressure to the stock’s upcoming movements.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $15.90 remains intact, targeting the support level at $13.40.

Today’s price forecast: Bearish

Enphase Energy, Inc. (ENPH) stock price edged higher in its latest intraday trading, following the stability of the current support level at $31.70. This provided the stock with some positive momentum as it attempts to recover part of its previous losses, while simultaneously trying to ease its clear oversold conditions according to the Stochastic indicator, especially with the emergence of a positive crossover. This occurs amid the dominance of the main medium-term bearish trend and a steep short-term minor wave, in addition to continued negative pressure from trading below its 50-day SMA.

Therefore we expect the stock price to decline during its upcoming trading sessions, especially if it breaks the aforementioned support at $31.70, targeting the key support level at $26.00.

Today’s price forecast: Bearish

DocuSign, Inc. (DOCU) stock price stabilized with a decline in its latest intraday trading, after coming into contact with resistance at its 50-day SMA. This exposed the stock to negative pressure, especially with negative signals emerging from the Stochastic indicator after reaching extremely overbought levels. All of this comes amid the dominance of the main bearish trend in the medium and short term.

Therefore we expect the stock price to decline during its upcoming trading sessions, especially as long as it remains below the resistance level at $49.85, targeting the support level at $40.10.

Today’s price forecast: Bearish

Ethereum (ETHUSD) declined again during recent intraday trading, while remaining below the key resistance level at $2,195, as it continues attempting to gain positive momentum that may help it break through this resistance.

This comes alongside the early formation of a positive divergence in relative strength indicators after reaching deeply oversold levels, excessively compared to price movement, with the emergence of a positive crossover. At the same time, dynamic support remains in place as the price continues to trade above EMA50, which enhances the chances of recovery.