Robinhood Markets (HOOD) rose in its latest intraday trading, as the stock attempts to relieve part of its clear oversold condition on the RSI indicators, especially with the emergence of positive signals. However, negative pressure remains in place due to trading below its previous 50-day SMA, which reinforces the stability and dominance of the short-term descending corrective trend, particularly with price action moving alongside a supporting trendline.

High-risk warning: HOOD belongs to a group of stocks commonly known as “meme stocks,” which are characterized by heavy speculative activity. As a result, the stock’s price movement often deviates from technical expectations or fundamental analysis, and can at times be sudden and unpredictable.

Therefore we expect the stock to decline in its upcoming trading, especially as long as it remains below the resistance level at $125.60, targeting the pivotal support level at $102.10.

Today’s price forecast: Bearish

Citigroup Inc. (C) surged sharply in its latest intraday trading, accompanied by a noticeable gradual increase in trading volumes. This comes amid the dominance of the main ascending trend, with the stock moving alongside a supporting short-term trendline, and continued dynamic support from trading above its previous 50-day SMA. In addition, a positive crossover has begun to emerge on the RSI indicators after the stock successfully relieved its overbought condition, giving it more room to achieve further gains in the near term.

Therefore we expect the stock to rise in its upcoming trading, targeting the nearby resistance level at $119.00, with strong chances for a breakout.

Today’s price forecast: Bullish

The price of (ETHUSD) rose in the last intraday trading, reaching the current resistance at $3,045, supported by its continuous trading above EMA50, affected by breaching minor bearish trend line on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.

Brent crude oil’s price extended its gains in its recent intraday trading, reaching $61.00 resistance, this resistance represents potential target in our previous analysis, supported by the dominance of bullish corrective wave on the short-term basis and its trading alongside supportive trend line for this trend, taking advantage of its trading above EMA50, reinforcing the chances of breaching this resistance and extending the gains of the price in the upcoming period.