BlackRock, Inc. (BLK) stock price surged in its latest intraday trading, succeeding in breaking above the key and psychological resistance level of $1,000. This resistance represents the ceiling of a positive technical pattern formed at the end of a short-term corrective bearish wave, represented by a double bottom, accompanied by a noticeable increase in trading volumes—a technical signal confirming the validity of this breakout. The price is currently in contact with resistance at its 50-day SMA, as it attempts to overcome this negative pressure.

Therefore we expect the stock price to rise during its upcoming trading sessions, especially as long as it remains stable above $1,000, targeting the resistance level at $1,060 as a price target for the formed double bottom pattern.

Today’s price forecast: Bullish

Alphabet Inc. (GOOG) stock price extended its gains in its latest intraday trading, after breaking out of a positive technical pattern formed in the short term, represented by a falling wedge. The price is driven by positive signals emerging from the Stochastic indicator, as the stock’s latest rise succeeded in moving above the resistance of its 50-day SMA, thereby overcoming its negative pressure and signaling a recovery in the coming period.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above support at $297.45, targeting the key resistance level at $338.00 as a price target for the formed falling wedge pattern.

Today’s price forecast: Bullish

Nu Holdings Ltd. (NU) stock price recorded gains in its latest intraday trading, as the stock’s rise brought it into contact with resistance at its 50-day SMA. This exposed the stock to negative pressure, causing it to bounce lower and trim much of its early gains, amid the dominance of a short-term corrective bearish wave. In the background, negative signals are beginning to emerge from the Stochastic indicator after reaching extremely overbought levels, which adds more negative pressure to the stock’s upcoming movements.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $15.90 remains intact, targeting the support level at $13.40.

Today’s price forecast: Bearish

Enphase Energy, Inc. (ENPH) stock price edged higher in its latest intraday trading, following the stability of the current support level at $31.70. This provided the stock with some positive momentum as it attempts to recover part of its previous losses, while simultaneously trying to ease its clear oversold conditions according to the Stochastic indicator, especially with the emergence of a positive crossover. This occurs amid the dominance of the main medium-term bearish trend and a steep short-term minor wave, in addition to continued negative pressure from trading below its 50-day SMA.

Therefore we expect the stock price to decline during its upcoming trading sessions, especially if it breaks the aforementioned support at $31.70, targeting the key support level at $26.00.

Today’s price forecast: Bearish