Western Digital Corporation (WDC) moved higher in recent intraday trading after successfully holding above the key support level at $434.00, allowing the stock to regain some positive momentum and recover part of its recent losses. The rebound has also helped ease the stock's clearly oversold conditions on momentum indicators. However, a steep short-term bearish corrective trend remains firmly in control, while continued trading below the 50-day Simple Moving Average (SMA), which is acting as dynamic resistance, continues to limit the prospects for a sustained recovery in the near term.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, particularly if it breaks below the key support level at $434.00. Under this scenario, the stock is expected to target its next support level at $348.00.

Today's price forecast: Bearish.

Snap Inc. (SNAP) moved lower in recent intraday trading as the stock remained under pressure from continued trading below its 50-day Simple Moving Average (SMA), reinforcing the dominance of the primary short-term downtrend. Price action continues to track a descending trendline that supports the current bearish trend. Meanwhile, momentum indicators are beginning to show a bearish divergence after reaching extremely overbought levels relative to the stock's price action, with a bearish crossover also starting to emerge, adding to the negative outlook.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $4.87 remains intact. Under this scenario, the stock is expected to target the key support level at $3.81.

Today's price forecast: Bearish.

Schlumberger N.V. (SLB) moved lower in recent intraday trading as a bearish divergence began to form on momentum indicators after they reached extremely overbought levels relative to the stock's price action. Momentum indicators have also started generating bearish signals, reinforcing the downside pressure surrounding the stock. At the same time, a steep short-term bearish corrective wave remains firmly in control, while continued trading below the 50-day Simple Moving Average (SMA) maintains additional negative pressure.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, particularly as long as it remains below the $48.73 resistance level. Under this scenario, the stock is expected to target the key support level at $44.60.

Today's price forecast: Bearish.

Ethereum (ETHUSD) rose in its last intraday trading, due to the stability on EMA50’s support, accompanied by its stability on a minor bullish trend line on the short-term basis, gaining bullish momentum that helped it to achieve these gains, preparing to reach the current resistance at $1,880. This scenario is reinforced by the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, opening the way for extending these gains in the near upcoming period.