Super Micro Computer, Inc. (SMCI) rose in its latest intraday trading as the stock attempts to recover part of its previous losses, despite the dominance of a short-term corrective descending trend with the price moving alongside a steeply declining trendline. Continued negative pressure persists from trading below its previous 50-day SMA. In addition, the RSI indicators have reached extremely overbought levels in an exaggerated manner compared to the stock’s movement, suggesting the early formation of a negative divergence, which may intensify bearish pressure in the upcoming sessions.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $39.55, targeting the pivotal support level of $27.60.

Today’s price forecast: Bearish

Wells Fargo & Company (WFC) advanced slightly in its latest intraday trading under the dominance of the main medium-term ascending trend, with the price moving alongside a supporting trendline and benefiting from continued positive pressure from trading above its previous 50-day SMA. However, we also note the arrival of negative signals from the RSI indicators after they reached extremely overbought levels, which has curbed the stock’s recent gains.

Therefore we expect the stock to rise in its upcoming trading, as long as it remains above the support level of $84.85, targeting the resistance level of $95.80.

Today’s price forecast: Bullish

Arista Networks (ANET) rose slightly in its latest intraday trading as the stock attempts to recover part of its previous losses. This comes under the dominance of a short-term corrective descending wave and after breaking a main short-term ascending trendline, while continued negative pressure persists from trading below its previous 50-day SMA, which limits the stock’s near-term recovery prospects. In addition, RSI indicators remain in extremely overbought territory in an exaggerated manner compared to the stock’s movement, suggesting the early formation of a negative divergence.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $136.80, targeting the support level of $114.55.

Today’s price forecast: Bearish

The price of (ETHUSD) witnessed calm trading in limited range on the intraday trading, amid the attempts of gathering its positive strength that may help it to rise again, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trend line for this trend, and there is dynamic support that is represented by its trading above EMA50, and the relative strength indicators have reached exaggerated oversold levels compared to the price move.