Qualcomm Incorporated (QCOM) declined in its latest intraday trading, attempting to build positive momentum that could help it recover and rise again. The stock remains supported by dynamic momentum from trading above its 50-day simple moving average, under the control of a short-term bullish trend and trading along an upward-sloping line. In addition, we notice the beginning of a positive divergence forming on the RSI after it reached deeply oversold levels compared to price movement, accompanied by emerging bullish signals.
Therefore, we expect the stock to rise in upcoming sessions, as long as support holds at 163.60, targeting the key resistance level of 177.00.
Today’s price forecast: Bullish.
Amgen (AMGN) declined in its latest intraday trading, as the stock took profits from previous gains while attempting to build positive momentum that could help it recover and rise again. At the same time, it is unwinding its overbought conditions on the RSI, especially with a bearish crossover emerging. Despite this, the stock remains supported by a bullish technical pattern — a falling wedge — while maintaining positive momentum from trading above its 50-day simple moving average.
Therefore, we expect the stock to rise in upcoming sessions, as long as it remains above the support level of 287.25, targeting the key resistance level of 311.25.
Today’s price forecast: Bullish.
TJX Companies, Inc. (TJX) rose in its latest session, preparing to attack the key resistance level of 145.00, supported by continued trading above its 50-day simple moving average and under the control of a short-term bullish trend moving along an ascending line. The latest rise came after the stock successfully unwound its previous overbought conditions on the RSI, giving it more room to extend its gains in the near term.
Therefore, we expect the stock’s price to rise in upcoming trading sessions, particularly if it breaks above the mentioned resistance of 145.00, targeting its next resistance level at 151.00.
Today’s price forecast: Bullish.
The price of (ETHUSD) witnessed fluctuated moves in its last intraday trading, in attempt to gain bullish momentum that might help it to breach the critical resistance at $4,730, besides its attempt to offload its overbought conditions on the relative strength indicators, with the emergence of the negative signals from there, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline, with the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.
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