Shopify Inc. (SHOP) stock price recorded a slight rise in its latest intraday trading, following the stabilization of the key support level at $134.75, which had been our price target in previous analyses. This provided the stock with some positive momentum as it attempts to recoup part of its previous losses, while also trying to unwind part of its clear oversold conditions on the RSI, especially with the beginning of a positive crossover. However, the stock remains affected by previously breaking below a main short-term upward trend line, alongside continued negative pressure from trading below its SMA50.

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the $134.75 support level, to target the next support at $116.00.

Today’s price forecast: Bearish

Walt Disney Company (DIS) stock price recorded a pullback in its latest intraday trading, as the stock attempts to build positive momentum that could help it recover and move higher again. With this decline, the stock leaned on the support of its SMA50, under the dominance of the main upward trend, with price action moving along a supportive trend line. In addition, positive signals continue to emerge from the RSI after it reached extremely oversold levels.

Therefore we expect the stock price to rise in upcoming trading, provided that the $108.55 support level holds, to target the important resistance at $116.00 in preparation for another attempt to break above it.

Today’s price forecast: Bullish

CrowdStrike Holdings, Inc. (CRWD) stock price recorded a slight pullback in its latest intraday trading, amid continued negative pressure from trading below its SMA50, which represents dynamic resistance reinforcing the stability and dominance of the short-term corrective downward trend. However, on the other hand, positive signals have begun to emerge from the RSI after the stock managed to unwind its overbought conditions, which helped the price stabilize, albeit temporarily.

Therefore we expect the stock price to decline in upcoming trading, as long as the $476.55 resistance level remains intact, to target the $413.00 support level.

Today’s price forecast: Bearish

Rivian Automotive, Inc. (RIVN) stock price recorded a continued decline in its latest intraday trading, as the stock remains affected by previously breaking below a short-term upward minor trend line. This comes alongside continued negative pressure from trading below its SMA50, which limits the stock’s chances of achieving a sustainable recovery in the near term, especially with the return of a negative crossover on the RSI after the stock managed to unwind part of its oversold conditions, reinforcing the stability of the bearish scenario surrounding the stock.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains stable below the $17.15 resistance level, to target the $14.50 support level.

Today’s price forecast: Bearish