VERTEX PHARMACEUTICALS INCORPORATED (VRTX) stock price recorded a sharp rise in its latest intraday trading, after rebounding from support at the 50-day SMA, which provided positive momentum and helped drive these recent gains. The stock also managed to break above the key resistance level at $484.55, reinforcing the short-term upward trend while moving along a supporting trend line. RSI has begun to show positive signals after reaching oversold areas.

Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $484.55 level, targeting the key resistance at $519.65.

Today’s price forecast: Bullish

The price of (ETHUSD) declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on short-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators after reaching oversold levels, attempting to offload this oversold conditions, which helped it to settle temporarily.

Brent prices declined in their last intraday trading, amid fluctuated trading, supported by the stability of the current support at $66.95, taking advantage of the positive signals emergence from relative strength indicators, we notice entering exaggerated overbought levels compared to the price move, in a strong signal for the bullish momentum fading, affected by breaking main bullish trend line on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price recovery on near term basis.

BTCUSD price moves in limited range on its last intraday levels, moving around EMA50’s levels, as a clear signals from looking for its upcoming track, affected by forming positive divergence on relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move with the emergence of positive signals from there, with the dominance of the main bearish trend on short-term basis.