Verizon Communications (VZ) stock price recorded gains in its latest intraday trading, as the stock attempts to test the current resistance level at $50.00, amid the dominance of the main short-term bullish trend. Dynamic positive pressure remains in place as the price continues to trade above its 50-day SMA, while the recent rise came after the stock successfully eased its overbought conditions on the Stochastic indicator, giving it more room to achieve further gains in the near term.

Therefore we expect the stock price to rise during its upcoming trading sessions, especially if it breaks above the mentioned resistance at $50.00, targeting the next resistance level at $53.00.

Today’s price forecast: Bullish

Mattel (MAT) stock price recorded a decline in its latest intraday trading, after being affected earlier by the break of a main short-term bullish trendline, while negative pressure continues as the stock trades below its 50-day SMA. The latest decline came after the price had managed to ease its oversold conditions on the Stochastic indicator, giving it more room to record additional losses in the near term.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $18.24 remains intact, targeting the support level at $15.90.

Today’s price forecast: Bearish

Amazon.com, Inc. (AMZN) stock price recorded a decline in its latest intraday trading after managing to ease its oversold conditions on the Stochastic indicator, which adds to the surrounding negative pressure. The stock remains under the dominance of a short-term corrective bearish trend, following the break of a main bullish trendline, in addition to continued negative pressure as it trades below its 50-day SMA, reducing the chances of a near-term recovery.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $220.00 remains intact, targeting the support level at $196.00.

Today’s price forecast: Bearish

The price of (ETHUSD) settles on losses in its last intraday trading, getting ready to break our expected target in our previous analysis at $1,800 key support, amid the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.