Palo Alto Networks (PANW) stock price recorded a decline in its latest intraday trading, remaining under negative pressure amid a dominant short-term downtrend and moving alongside a steep bearish trend line. The stock is trading below its 50-day SMA, which reinforces the ongoing negative pressure, while technical indicators such as RSI and Stochastic are starting to show renewed negative crossover signals after reaching heavily overbought levels relative to price action.

Therefore we expect the stock price to decline in upcoming intraday trading, as long as it remains below the $177.00 resistance level, targeting the key support level at $150.00.

Today’s price forecast: Bearish

The price of (ETHUSD) remains moving within limited range of sideways trading on its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on short-term basis, besides the emergence of negative signals from relative strength indicators after offloading its oversold conditions, after reaching overbought levels, which intensifies the negative pressure on the price.

Brent prices rose in their last intraday trading, to retest $68.20 resistance level, accompanied by reaching EMA50’s resistance, this rise was supported by the emergence of positive signals from relative strength indicators after reaching oversold levels, but the price remains moving within bearish corrective wave on short-term basis, affected by breaking main bullish trend line on short-term basis.

BTCUSD price declined in its last intraday trading, with the dominance of the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, despite the emergence of positive signals from relative strength indicators, indicating the absence of bullish momentum in a clear signal for its momentum to deepen these losses.