Uber Technologies’ stock price (UBER) edged higher in the intraday levels, while buoyed by trading above the 50-day SMA, amid the dominance of the main upward trend in the medium term, with negative signals from the RSI after reaching overbought levels, in turn hindering upcoming gains. 

Therefore we expect the price to rise, provided the resistance of $67.82 was breached, thus targeting the next one at $74.30.

Trend forecast for today: Bullish 

AirBNB’s stock price (ABNB) fell in the intraday levels, after bumping into the resistance of the 50-day SMA, while testing the main downward trend line in the short term, with negative signals from the RSI after reaching overbought levels, doubling negative pressures. 

Therefore we expect more losses for the stock, targeting the first support at $123.70, provided the resistance of $140.80 holds on.

Trend forecast for today: Bearish 

Shopify’s stock price (SHOP) edged higher in the intraday levels, amid the dominance of the main upward trend in the short term, with positive signals from the RSI after reaching oversold levels, as the stock tries to shake off negative pressure from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $120.72, provided the support of $99.05 holds on.

Trend forecast for today:  Bullish 

Walt Disney Company’s stock price (DIS) rose in the intraday levels, while trading alongside the upward secondary trend line in the short term, with positive signals from the RSI after reaching oversold levels, as the stock tries to shake off negative pressure from the 50-day SMA. 

Therefore we expect the stock to rise and target the pivotal resistance of $123.70, provided the support of $103.20 holds on.

Trend forecast for today: Likely Bullish