Roblox Corporation’s stock price (RBLX) extended its gains in latest intraday trading, under full control of the main upward trend in the short term and trading alongside a rising trend line. The stock continues to benefit from dynamic support due to trading above the 50-day SMA. Additionally, we notice positive signals starting to stream from the Stochastic, after it previously reached extremely oversold levels.
Therefore we expect the stock to continue rising in upcoming trading, as long as the support of $100.00 holds on, targeting the resistance level of $120.00.
Today’s price forecast: Bullish
Williams-Sonoma, Inc.’s stock price (WSM) slipped lower in latest intraday trading, with negative signals streaming from the Stochastic after reaching extremely overbought levels. The stock is now attempting to gather positive momentum that may support a rebound, while also working to vent off the overbought saturation. However, with this decline, the stock has fallen below the 50-day SMA, which may hinder its short-term recovery. It now approaches its final opportunity to regain momentum — represented by a short-term ascending trend line.
Therefore we expect the stock to rise in upcoming trading, provided the support of $162.00 holds on, targeting the pivotal resistance level of $177.00.
Today’s price forecast: Bullish
The price of (ETHUSD) declined in its recent intraday levels, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the (RSI), with the beginning of negative overlapping signals from there, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The price of (BTCUSD) settled high in its intraday levels supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels and taking advantage of the dynamic support that is represented by its trading above its EMA50, reinforcing the stability of the bullish trend, amid the dominance of this trend and its trading alongside a bias line on the short-term basis.