Williams-Sonoma, Inc.’s stock price (WSM) slipped lower in latest intraday trading, with negative signals streaming from the Stochastic after reaching extremely overbought levels. The stock is now attempting to gather positive momentum that may support a rebound, while also working to vent off the overbought saturation. However, with this decline, the stock has fallen below the 50-day SMA, which may hinder its short-term recovery. It now approaches its final opportunity to regain momentum — represented by a short-term ascending trend line.

Therefore we expect the stock to rise in upcoming trading, provided the support of $162.00 holds on, targeting the pivotal resistance level of $177.00.

Today’s price forecast: Bullish

The price of (ETHUSD) declined in its recent intraday levels, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the (RSI), with the beginning of negative overlapping signals from there, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

The price of (BTCUSD) settled high in its intraday levels supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels and taking advantage of the dynamic support that is represented by its trading above its EMA50, reinforcing the stability of the bullish trend, amid the dominance of this trend and its trading alongside a bias line on the short-term basis.

The price of (Brent) declined in its last intraday levels, amid the continuation of the negative pressure due to its trading below its EMA50, breaking a main bullish trend line on the short-term basis, intensifying the negative pressure on its upcoming moves, especially with the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions.