Toast (TOST) stock declined slightly in its latest intraday trading, reaching support at the key level of 39.75, which provided positive momentum that helped it rebound and trim much of its earlier losses. The short-term corrective bearish wave remains in control, with trading moving along a downward slope line that supports this path, while negative pressure continues from trading below its previous 50-day SMA. In addition, negative signals are flowing from the Stochastic indicators, despite being in strongly oversold territory.
Therefore, we expect the stock to decline in its upcoming trading, especially if it breaks the mentioned support of 39.75, to then target its next support at 36.60.
Today’s price forecast: Bearish.
The price of (ETHUSD) rose in its last intraday levels, supported by the stability of the critical support at $4,250, besides the emergence of the positive signals on the (RSI), after reaching oversold levels, surpassing bearish correctional trend line on the short-term basis, in a key step for surpassing the negative pressure of the EMA50, announcing its full recovery and opening the way for achieving more of the gains.
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The price of (BTCUSD) declined in its last trading on the intraday levels, affected by reaching the critical resistance at $113,000, this level represents our last suggested target, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading its overbought conditions, opening the way for achieving more of the gains in the upcoming period.
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Crude oil prices declined slightly in its last intraday trading, due to the stability of the critical resistance at $66.65, putting negative pressure that intensified due to the continuation of its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis, besides the emergence of negative overlapping signals on the (RSI), shrinking the chances for the price recovery on the near-term basis.
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