Spotify Technology S.A. (SPOT) stock price recorded a pullback in its latest intraday trading, after the stock managed to unwind its oversold conditions on the RSI, which has now moved into extremely overbought territory compared to price action. This comes amid continued negative pressure from trading below its SMA50, which reinforces the stability and dominance of the short-term downward trend, especially with price action moving along a trend line supporting this bearish path.

Therefore we expect the stock price to decline in upcoming trading, as long as the $548.75 resistance level remains intact, to target the $475.00 support level.

Today’s price forecast: Bearish

International Paper Company (IP) stock price recorded a decline in its latest intraday trading, following the stabilization of the key resistance level at $43.00, alongside incoming negative signals from the RSI. However, the indicator has reached excessively oversold levels compared to price action, suggesting the buildup of renewed positive momentum around the stock that could enhance recovery prospects in the near term. This comes especially as price action moves along a short-term corrective upward trend line, with continued dynamic support from trading above its SMA50.

Therefore we expect the stock price to rise in upcoming trading, but only if it first succeeds in breaking above the $43.00 resistance level, to target the next resistance at $46.55.

Today’s price forecast: Bullish

The price of (ETHUSD) declined in its last intraday trading, with the emergence of negative signals from relative strength indicators, despite reaching oversold levels, under the dominance of the main bearish trend on short-term basis, surpassing EMA50’s support, which puts it under negative pressure in its upcoming trading.

Brent prices kept rising in their last intraday trading, reaching our morning suggested target at $69.00 resistance, supported by its trading above EMA50, under the dominance of the main bullish trend and its trading alongside supportive minor trend line for this trend, on the other hand, we notice the beginning of negative overlapping signals from relative strength indicators, after reaching overbought levels, which might decelerate the upside track in the upcoming period.