KILT (KILTUSD) declined in its recent intraday trading, under full control of a short-term bearish trend, with price movement aligning along a descending trendline. Negative pressure continues as the asset remains below the 50-day SMA. Additionally, the Relative Strength Index is showing bearish signals after reaching extremely overbought territory, which has contributed to the extension of recent losses.
Therefore we expect the price to decline in upcoming intraday sessions, as long as it remains below the $0.030769 resistance level, targeting the support level at $0.019251.
Today’s price forecast: Bearish.
IOTA (IOTAUSDT) held steady at a low level in its recent intraday trading, under the influence of a steep short-term corrective downtrend, following an earlier break of an ascending trendline. The price remains under negative pressure from continued trading below the 50-day SMA. However, bullish signals are beginning to emerge from the Relative Strength Index after it reached deeply oversold territory, helping the price stabilize slightly in an attempt to recover some of its losses.
Therefore we expect the price to decline in upcoming intraday sessions, especially if it breaks below the current support at 0.1994, targeting the next support level at 0.1811.
Today’s price forecast: Bearish.
The Goodyear Tire & Rubber Company (GT) rose in its recent intraday trading, positioning itself to challenge the key resistance level at $11.65. The stock remains under the influence of a short-term corrective uptrend, trading along a supportive ascending trendline. Bullish signals are also emerging from the Relative Strength Index, while continued trading above the 50-day SMA provides dynamic support that reinforces the stock’s upward momentum.
Therefore we expect the stock to rise in upcoming sessions, especially if it breaks above the $11.65 resistance level, targeting the next resistance at $13.25.
Today’s price forecast: Bullish.
Salesforce (CRM) advanced in its recent intraday trading, driven by bullish signals from the Relative Strength Index. The stock’s latest rise brought it up to test resistance at the 50-day SMA, coinciding with a retest of a short-term descending trendline. This confluence reinforces the strength of this zone as a potential resistance that may limit further upward movement.
Therefore, as long as the $276.80 resistance level holds, we expect the stock to decline in upcoming sessions, targeting the key support level at $254.50 in preparation for a potential breakdown.
Today’s price forecast: Bearish.