Xerox Holdings Corp. (XRX) moved lower in recent intraday trading as the stock attempts to build fresh positive momentum that could support a renewed recovery and advance. Despite the pullback, a short-term bullish corrective wave remains in control, with price action continuing to move alongside an ascending trendline that supports the current trajectory. The stock also continues to benefit from dynamic support provided by trading above its 50-day Simple Moving Average (SMA), reinforcing the prospects for further recovery in the near term.
Therefore, our outlook remains tilted to the upside for the stock's upcoming trading sessions, as long as support at $2.73 holds firm. Under this scenario, the stock is expected to target the key resistance level at $3.70 in preparation for a potential breakout attempt.
Today's price forecast: Bullish.
American International Group, Inc. (AIG) surged higher in recent intraday trading, supported by the emergence of a bullish crossover on momentum indicators after they had reached excessively oversold levels relative to the stock's price action. This development signals the arrival of strong positive momentum that could help extend the stock's gains in the near term. The latest advance also enabled the stock to break above its 50-day Simple Moving Average (SMA), eliminating a key source of negative pressure. In addition, the stock is now challenging a major short-term descending trendline.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $73.80 holds firm. Under this scenario, the stock is expected to target the $80.50 resistance level.
Today's price forecast: Bullish.
Ethereum (ETHUSD) extended its gains during the latest intraday trading, supported by a short-term bullish corrective wave. The cryptocurrency continues to trade above EMA50, which provides a solid support base and enhances the likelihood of further gains in the near term. This bullish outlook is further reinforced by a renewed positive crossover in the relative strength indicators after offloading some of its overbought conditions.
Brent crude oil remains under pressure, extending its recent consecutive series of losses in intraday trading, as the main short-term bearish trend continues to dominate. Selling pressure remains dominant despite limited attempts by the price to stabilize.
The price continues to trade below EMA50, which represents a dynamic resistance, reinforcing the bearish trend and limiting the chances of a recovery. Meanwhile, relative strength indicators began to show a positive crossover after reaching deeply oversold levels. This could help slow down the pace of losses or trigger a limited corrective rebound. However, the overall technical outlook remains bearish unless Brent breaches key technical resistance levels.