Palo Alto Networks, Inc. (PANW) stock price recorded a decline in its latest intraday trading, after colliding with the resistance of its SMA50, which forced the stock into this pullback. This comes amid the stock being affected by breaking below a main short-term upward trend line, alongside incoming negative signals from the RSI, despite the indicator reaching oversold levels.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the important $180.00 support level, to target the next support at $166.55.

Today’s price forecast: Bearish

The price of (ETHUSD) settles on a rise in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals from relative strength indicators, after reaching overbought levels, which might obstruct the upside track in the upcoming period.

Brent declined in its last intraday trading, with the dominance of the main bullish trend on short-term basis with its trading alongside supportive minor trend line for this track, with the continuation of the dynamic pressure that is represented by its trading above EMA50, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to rise again in the upcoming period.

BTCUSD prices kept its early gains in their last intraday trading, after surpassing EMA50’s resistance, and the price remains under the dominance of the bearish trend on short-term basis, with its trading alongside supportive trend line for this track, noticing the emergence of negative overlapping signals from relative strength indicators, after reaching overbought levels, which might indicate the bullish trend.