Autodesk, Inc. (ADSK) stock price recorded cautious gains in its latest session, attempting to recover part of its previous losses. However, negative pressure remains due to trading below its SMA50, which reinforces the stability and dominance of the short-term downtrend, with price action moving along a trend line supporting this bearish path. In addition, negative signals continue to appear on the RSI after forming a negative divergence following extremely overbought readings compared to price action.

Therefore we expect the stock price to decline in upcoming trading, as long as the $266.60 resistance level remains intact, to target the $247.20 support level.

Today’s price forecast: Bearish

PayPal Holdings, Inc. (PYPL) stock price recorded a decline in its latest intraday trading, under full dominance of the main short-term downtrend, with price action moving along a minor trend line supporting this bearish path. Negative pressure remains in place due to trading below its SMA50, alongside continued negative signals from the RSI, despite the indicator reaching oversold territory.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains below the $56.45 resistance level, to target the $49.45 support level.

Today’s price forecast: Bearish

Caterpillar Inc. (CAT) stock price recorded continued gains in its latest intraday trading, under full dominance of the main medium-term upward trend, with price action moving along a minor supportive trend line in the short term. The stock is also benefiting from continued trading above its SMA50, which provides dynamic support and enhances the chances of extending gains in the near term, especially with incoming positive signals from the RSI.

Therefore we expect the stock price to rise in upcoming trading, as long as the $626.80 support level holds, to target the first resistance at $738.60.

Today’s price forecast: Bullish

The price of (crude oil) continues its fluctuating trading on its last intraday trading, affected by its leaning on minor trend line support on the short-term basis, supported by the emergence of positive signals from relative strength indicators, which helped the price to settle after steep bearish wave on short-term basis, beside the negative pressure due to its trading below EMA50 that prevents the price recovery.