Palantir Technologies’ stock price (PLTR) rose mildly in latest intraday trading after leaning on the support of the 50-day SMA, lending the price some positive momentum, as it tries to breach the important resistance of $98.12, amid the dominance of the main upward trend in the short term, with negative signals from the Stochastic after reaching overbought levels, hindering recent gains.
Therefore we expect the price to rise in upcoming trading, provided the resistance of $98.12 is breached, targeting the next one at $110.30.
Today’s price forecast: Bullish
MicroStrategy’s stock price (MSTR) edged higher in latest intraday trading, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day sMA, coupled with positive signals from the Stochastic despite reaching overbought levels.
Therefore we expect more gains for the price, provided it settles firmly above $285.00, targeting the resistance of $404.40.
Today’s price forecast: Bullish
Merck & Company’s stock price (MRK) rose in the last session and attempted to recoup some recent losses, amid the dominance of the main downward trend in the medium term, with negative pressure due to trading below the 50-day SMA, as the price managed to vent off oversold saturation in the Stochastic, sending out negative signals.
Therefore we expect the price to return lower, targeting the support of $70.90, provided it settles below $81.00.
Today’s price forecast: Bearish
Ethereum price settled on rise in its last intraday trading, attacking the key resistance at $32.90, amid the dominance of the bullish correctional trend on the short-term basis, but we notice the beginning of negative overlapping conditions emergence on the (RSI), after reaching extreme overbought levels, which might represent an obstacle against breaching the resistance temporarily.