Snap Inc. (SNAP) stock price recorded a decline in its latest intraday trading, under the dominance of the main short-term downward trend, with price action moving along a supportive trend line for this move. This comes alongside continued negative pressure from trading below its SMA50, while the decline followed the stock’s success in unwinding part of its clear oversold conditions on the RSI.

Therefore we expect the stock price to decline in upcoming trading, as long as the $8.30 resistance level remains intact, to target the key support at $7.12.

Today’s price forecast: Bearish

Schlumberger N.V. (SLB) stock price recorded choppy movements in its latest intraday trading, as the stock took profits from its previous gains while attempting to build positive momentum that could help it resume its strong advance. At the same time, the stock is trying to unwind part of its clear overbought conditions on the RSI, especially with the beginning of a negative crossover, while continued positive support remains in place from trading above its SMA50, under the dominance of the main short-term upward trend.

Therefore we expect the stock price to rise in upcoming trading, to retest the nearby and key resistance level at $50.95, with strong chances for a breakout.

Today’s price forecast: Bullish

Micron Technology, Inc. (MU) stock price recorded a slight pullback in its latest intraday trading, following the stabilization of the psychological resistance level at $400.00, as the stock took profits from its previous gains while attempting to build positive momentum that could help it break above this resistance. At the same time, the stock is trying to unwind part of its clear overbought conditions on the RSI, especially with the beginning of incoming negative signals, amid continued dynamic support from trading above its SMA50 and under the dominance of the main short-term upward trend.

Therefore we expect the stock price to rise in upcoming trading, especially if it succeeds in breaking above the $400.00 resistance level, to target the next resistance at $450.00.

Today’s price forecast: Bullish

The price of (ETHUSD) declined in its last trading on the intraday levels, after forming negative divergence by the relative strength indicators’ previous moves, after reaching overbought levels, exaggeratedly compared to the price move, and the emergence of the negative signals from there intensified the negative pressure, especially with the continuation of its trading below EMA50, under the dominance of main bearish trend on short-term basis.