Qualcomm Incorporated (QCOM) stock price extended its gains in its latest intraday trading, amid the dominance of the main upward trend in the short term, with continued positive pressure from trading above its 50-day SMA. In addition, we notice the beginning of a positive divergence forming on the Stochastic indicators after reaching deeply oversold levels in an exaggerated manner compared to the price movement, alongside the emergence of positive signals from them.

Therefore we expect the stock price to rise in its upcoming trading, especially if it succeeds in breaking above the current resistance level at $248.00, targeting the next resistance level at $283.00 afterward.

Today’s price forecast: Bullish

Ethereum (ETHUSD) remains stable near recent gains during its latest intraday trading sessions, supported by positive signals from the relative strength indicators. However, this upward movement has encountered resistance at EMA50, which limited the price’s ability to extend those gains, especially amid the prevailing short-term bearish trend and the price movement alongside a minor bearish trend line supporting this downward path.

Brent crude oil prices settle near a series of sharp losses during recent intraday trading, affected by ongoing negative and dynamic momentum resulting from trading below EMA50, which continues to limit recovery opportunities and supports the current bearish outlook. The price is also still suffering from the impact of its previous break below a short-term ascending trend line, a technical signal that reinforced the strength of the surrounding selling pressure.

Meanwhile, the relative strength indicators continue to deliver negative signals despite reaching heavily oversold levels, reflecting persistent weakness in bullish momentum and the dominance of sellers over price action. This reduces Brent crude’s ability to achieve a sustainable recovery in the near term.

Bitcoin (BTCUSD) climbed during its recent intraday trading, affected by breaching a short-term corrective bearish trend line, supported by positive signals from the relative strength indicators, despite reaching overbought level, to surpass negative pressure from EMA50, which enhances the chances of extending gains in the near term, while currently challenging the key resistance level at $77,500.