Rivian's price (RIVN) advanced in its latest intraday trading, after previously finding support at its 50-day simple moving average, which provided the bullish momentum behind its recent gains. This comes within the context of a medium-term primary uptrend, with the stock trading along a supporting trendline. We also observe the beginning of a positive crossover on the relative strength indicators after reaching excessively oversold levels compared to price movement, suggesting the formation of a positive divergence.
Therefore, we expect the stock’s price to rise in the upcoming sessions, as long as support holds at $14.50, targeting the key resistance at $17.15.
Today's price forecast: Bullish
Illumina’s price (ILMN) rose slightly in its latest intraday trading, supported by continued movement above the 50-day simple moving average. The stock also remains under the influence of a short-term corrective uptrend, trading along a supportive ascending trendline, while positive signals continue to appear on the relative strength indicators.
Therefore, we expect the stock’s price to rise in the coming sessions, especially if it breaks above the key resistance at 130.20$, targeting the next major resistance at 151.75$.
Today’s price forecast: Bullish
The price of (ETHUSD) declined in its last intraday trading, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, accompanied with the stability of the key resistance at $2,950, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trend line, leaning on the support of EMA50, in a last attempt to gain bullish momentum that may help it to recover on the near-term basis.
Bitcoin (BTCUSD) prices surrendered to the negative pressure on the last intraday basis, where they declined due to the stability of the resistance at $88,000, hitting the resistance of EMA50, intensifying the negative pressure with the emergence of the negative signals on the relative strength indicators, under the main bearish trend on the short-term basis.