Nucor Corporation (NUE) stock declined in its latest intraday trading as bearish signals appeared on the relative strength indicators. However, the stock is attempting to find a higher bottom that could serve as a base to regain positive momentum and support a potential recovery. It is currently resting on support at its previous 50-day SMA, within the dominance of a short-term bullish trend and trading along an ascending line that supports this direction.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $138.10 holds, targeting the key resistance level of $155.80.

Today’s stock forecast: Bullish.

The Clorox Company (CLX) stock went into free fall in its latest intraday trading, under continued negative pressure from trading below the previous 50-day SMA, which reinforces the dominance of the main medium-term bearish trend, with trading aligned along a descending line. Additionally, bearish signals continue to appear on the relative strength indicators after the stock successfully eased its previous oversold conditions, further intensifying the negative momentum surrounding it.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $116.55 holds, targeting the main support level of $100.00.

Today’s stock forecast: Bearish.

The price of (ETHUSD) rose slightly in its last intraday trading, after its attempts in its previous trading to gather bullish momentum that might help it to recover, taking advantage of its trading above EMA50, preparing to reach the key resistance at $3,660, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions, which might decelerate the rise on the near term basis. 

Bitcoin (BTCUSD) prices settled lower during their last intraday trading, amid the emergence of the negative signals on the relative strength indicators, to notice reaching oversold levels, exaggeratedly compared to the price move, as a clear signal for a quick fading for the bearish momentum, amid the continuation of the positive support that comes from its trading above EMA50, affected by breaching minor bearish trend line on the short-term basis.