Walmart Inc. (WMT) stock price recorded gains in its latest intraday trading, as the stock moves to attack the current resistance level at $121.00. This advance is supported by continued dynamic pressure from trading above its SMA50, which reinforces the stability and dominance of the main short-term upward trend, with price action moving along a supportive trend line. This performance is accompanied by a significant increase in trading volumes, and comes despite the beginning of incoming negative signals from the RSI after it reached extremely overbought levels, highlighting the strength and size of the positive momentum surrounding the stock.
Therefore we expect the stock price to rise in upcoming trading, especially if it succeeds in breaking above the $121.00 resistance level, to target the next resistance at $129.70.
Today’s price forecast: Bullish
JPMorgan Chase & Co. (JPM) stock price recorded gains in its latest intraday trading, as the stock attempts to recoup part of its previous losses while also trying to unwind some of its clear oversold conditions on the RSI, especially with the emergence of incoming positive signals. With this rise, the stock has touched the resistance of its SMA50, coinciding with a retest of a main upward trend line that had been broken earlier.
Therefore we expect the stock price to decline in upcoming trading, as long as it remains stable below the $318.00 resistance level, to target the key support at $290.55.
Today’s price forecast: Bearish
Visa Inc. (V) stock price recorded a slight advance in its latest intraday trading, as the stock attempts to recoup part of its previous losses while also trying to unwind some of its clear oversold conditions on the RSI, especially with the beginning of a positive crossover. This comes under the dominance of a short-term corrective downward trend, alongside continued negative pressure from trading below its SMA50, which limits the stock’s chances of recovery in the near term.
Therefore we expect the stock price to decline in upcoming trading, as long as it remains stable below the $336.00 resistance level, to target the key support at $318.00.
Today’s price forecast: Bearish
The price of (ETHUSD) settles on a sharp decline in its last intraday trading, and there is negative pressure due to its trading below EMA50, with the emergence of negative signals from relative strength indicators, on the other hand, the price moves alongside bullish trend line on its intraday levels, which helped the price to settle temporarily.