Palantir Technologies Inc. (PLTR) stock price recorded a decline in its latest intraday trading, after previously being affected by the break of a main upward trend line on the medium term. This comes amid continued negative pressure from trading below its SMA50, in addition to the flow of negative signals from the RSI after the stock managed to unwind its oversold conditions, which opens the door for further losses in the near term.

Therefore we expect the stock price to decline in upcoming trading, as long as the $177.30 resistance level remains intact, to target the key support at $147.55.

Today’s price forecast: Bearish

MicroStrategy Incorporated (MSTR) stock price recorded a decline in its latest intraday trading, positioning the stock to potentially break below the key support level at $152.35. This comes amid continued negative pressure from trading below its SMA50, under the dominance of the main short-term downtrend, with price action moving along a trend line supporting this bearish path. In addition, negative signals continue to emerge from the RSI, reinforcing downside risks.

Therefore we expect the stock price to decline in upcoming trading, especially if it confirms a break below the $152.35 support level, to target the next support at $93.00.

Today’s price forecast: Bearish

Merck & Company, Inc. (MRK) stock price recorded a slight pullback in its latest intraday trading, as the stock attempts to search for a rising bottom that could form a base to help it regain the positive momentum needed to resume its recovery. This comes under the dominance of the main short-term upward trend, alongside continued dynamic support from trading above its SMA50, which enhances the stock’s near-term recovery prospects. In addition, a positive crossover has begun to appear on the RSI after it reached extremely oversold levels in an exaggerated manner compared to price action, suggesting the formation of a positive divergence.

Therefore we expect the stock price to rise in upcoming trading, provided that the $105.00 support level holds, to target the $112.90 resistance level.

Today’s price forecast: Bullish

Spotify Technology S.A. (SPOT) stock price recorded a pullback in its latest intraday trading, after the stock managed to unwind its oversold conditions on the RSI, which has now moved into extremely overbought territory compared to price action. This comes amid continued negative pressure from trading below its SMA50, which reinforces the stability and dominance of the short-term downward trend, especially with price action moving along a trend line supporting this bearish path.

Therefore we expect the stock price to decline in upcoming trading, as long as the $548.75 resistance level remains intact, to target the $475.00 support level.

Today’s price forecast: Bearish