Taiwan Semiconductor Manufacturing Company Ltd. (TSM) stock price recorded a decline in its latest intraday trading, as the stock attempts to form a higher low that could serve as a base for regaining positive momentum and restoring its recovery. Dynamic support remains in place as the price continues to trade above its 50-day SMA, reinforcing the stability and dominance of the main medium-term bullish trend, especially with price moving alongside a supporting trendline. In the background, the Stochastic indicator has reached deeply oversold levels relative to price action.
Therefore we expect the stock price to rise during its upcoming trading sessions, provided that support at $336.65 remains intact, targeting the resistance level at $390.00.
Today’s price forecast: Bullish
Ripple (XRPUSD) price recorded strong gains in its latest intraday trading, amid the dominance of a short-term corrective bullish trend, with continued dynamic support represented by trading above its 50-day SMA. The price has also managed to overcome the negative pressure from this moving average, reinforcing the chances of extending its gains in the near term.
Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as it remains stable above the support level at $1.3410, targeting the key resistance level at $1.4885.
Today’s price forecast: Bullish
BioNTech SE (BNTX) stock price recorded a decline in its latest intraday trading, amid the emergence of negative signals from the Stochastic indicator after reaching extremely overbought levels. With this drop, the stock has moved below its 50-day SMA, effectively ending any near-term chances of recovery and signaling a potential continuation of losses.
Therefore we expect the stock price to decline during its upcoming trading sessions, as long as it remains below the resistance level at $108.55, targeting the key support level at $91.10.
Today’s price forecast: Bearish
BTCUSD price surged higher in its last intraday trading, getting ready to attack $72,000 key resistance, which represented a target in our previous analysis, supported by its continued trading above EMA50, reinforcing the strength of short-term bullish corrective wave, with its trading alongside supportive trend line, besides the emergence of the positive signals from relative strength indicators, despite reaching overbought levels.