3M (MMM) stock price jumped sharply higher in its latest intraday trading, driven by continued positive signals from the Stochastic indicators after reaching deeply oversold levels, as the stock attempts to recover part of its previous losses, before encountering resistance at its 50-day SMA, which exposed it to renewed negative pressure and forced the stock to reverse and close a volatile session, amid the dominance of a short-term corrective bearish trend while moving alongside a steep trend line supporting this path.
Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $156.85 resistance level, targeting the key support level at $141.40.
Today’s price forecast: Bearish
Coinbase Global (COIN) stock price declined in its latest intraday trading, as the stock takes profits from its previous gains and attempts to gain positive momentum that could help it recover and rise again, amid continued positive support from trading above its 50-day SMA, which provides a dynamic support base that strengthens the chances of a near-term recovery, especially with the dominance of a short-term corrective upward wave while trading alongside a trend line supporting this path, in addition to continued positive signals from the Stochastic indicators.
Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the $193.30 support level, targeting the first resistance level at $231.40.
Today’s price forecast: Bullish
Uber Technologies (UBER) stock price declined in its latest intraday trading, with the beginning of negative signals emerging from the Stochastic indicators, as the stock attempts to gain positive momentum that could help it recover and rise again, while also trying to relieve part of its overbought condition on the Stochastic indicators, as this decline brought the stock back to the support of its 50-day SMA, amid the dominance of a short-term upward wave while moving alongside a trend line supporting this path.
Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $73.00 support level, targeting once again the key resistance level at $79.00.
Today’s price forecast: Neutral
Ethereum (ETHUSD) remains under pressure and stable at lower levels during recent short-term trading sessions, preparing to break the key support level at $2,265. The price is being affected by the dominance of a short-term bearish corrective wave, along with continued negative pressure from trading below the EMA50, which reduces the chances of a sustainable recovery in the near term.
On the other hand, positive signals are beginning to emerge from the relative strength indicators, which has helped limit recent losses.