Revolve Group’s stock price (RVLV) declined in latest intraday trading, under negative pressure from trading below the 50-day SMA. This drop positions the stock to potentially break a short-term upward correctional trend line, a scenario supported by negative signals starting to stream from the Stochastic after reaching extremely overbought levels — exaggerated relative to the stock’s movement.

Therefore we expect the stock to decline in upcoming trading, especially if it breaks the mentioned upward trend line, targeting the support level of $18.75.

Today’s price forecast: Bearish

The price of (ETHUSD) continued the rise in its recent intraday levels, amid the dominance of the main bullish trend and its trading alongside main and minor bias on the short-term basis, indicating the strength of this track with the continuation of the positive pressure due to its trading above EMA50, and it offloaded its clear overbought conditions on the (RSI) previously, opening the way for achieving more of the rises.

The price of (BTCUSD) declined in its intraday levels, amid the negative signals on the (RSI), attempting to gain a positive momentum that might assist it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above its EMA50, which represents a dynamic support that assist the stability of the bullish track.

The price of (Brent) rose in its last intraday levels, confined in a confused area between the hammer that is represented by its trading below EMA50, with the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, and the anvil that is represented by the support line of a main bullish trend line on the short-term basis.