Alchemy Pay’s currency price (ACHUSD) edged lower in latest intraday trading, as the price attempts to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. It is gathering positive momentum that may help it rise anew, amid the impact of a breached short-term descending trend line, supported by trading above the 50-day SMA.
Therefore we expect the currency to rise in upcoming intraday trading, as long as it remains above the price of 0.018334, targeting the resistance level of 0.020270.
Today’s price forecast: Bullish
DocuSign, Inc.’s stock price (DOCU) inched higher in latest intraday trading, amid the dominance of the downward correctional trend in the short term, with ongoing negative pressure due to trading below the 50-day SMA. Additionally, we notice a negative divergence forming on the Stochastic after reaching extremely overbought levels, exaggerated relative to the price movement, alongside emerging negative signals streaming from it.
Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $84.65 holds on, targeting the support level of $73.90 in preparation for a breakdown.
Today’s price forecast: Bearish
Abbott Laboratories’ stock price (ABT) fell in latest intraday trading, while trying to gather positive momentum that may help it recover and rise anew. The stock benefits from dynamic support due to trading above the 50-day SMA, which prevents further declines, amid the dominance of the main upward trend and trading alongside a short-term rising trend line. We also notice positive signals streaming from the Stochastic.
Therefore we expect the stock to rise in upcoming trading, as long as the support of $130.80 holds on, targeting the pivotal resistance of $141.75.
Today’s price forecast: Bullish
Ulta Beauty’s stock price (ULTA) continued rising in latest intraday trading, amid the dominance of the main upward trend in the short term, with ongoing positive pressure due to trading above the 50-day SMA. Additionally, we notice positive signals streaming from the Stochastic after reaching extremely oversold levels.
Therefore we expect the stock to rise further in upcoming trading, as long as the support of $452.00 holds on, targeting the resistance level of $501.00.
Today’s price forecast: Bullish