UiPath, Inc (PATH) stock declined in its latest intraday trading, taking profits from its previous gains while attempting to gain new positive momentum that could help it rise again. At the same time, the stock is working off its overbought levels shown by the relative strength indicators, especially amid the emergence of negative signals from them. Nevertheless, the main short-term trend remains bullish, supported by continued positive pressure from trading above the 50-day SMA, which enhances the chances of a near-term recovery.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 15.40$ holds, targeting the resistance level of 18.75$.
Today’s stock forecast: Bullish.
The price of (ETHUSD) declined in its last intraday trading, affected by reaching the resistance of its EMA50, which prevented its recovery in the last sessions, amid the dominance of the bearish trend on the short-term basis, with the emergence of negative crossovers on the relative strength indicators, after reaching overbought levels, intensifying the negative pressure around the price.
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Bitcoin (BTCUSD) prices declined in their last trading on the intraday levels, amid the dominance of strong bearish wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances for the price recovery on the near-term basis, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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Brent crude oil prices declined in their last intraday trading, amid the stability of the price below $62.35 resistance, and its success in offloading its oversold conditions on the relative strength indicators, leading for more bearish pressure on the upcoming trading, specially with the continuation of the dynamic pressure that is represented by its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trendline for this track.
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