Blackstone Inc.’s stock price (BX) extended its rise in latest intraday trading, amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line, supported by ongoing dynamic strength from trading above the 50-day SMA. With its latest climb, the stock successfully breached the current resistance level of $160.75, reinforcing the scenario of continued bullish momentum.
Therefore we expect the stock to rise in upcoming trading, especially as long as it remains above $160.75, targeting the resistance level of $180.70.
Today’s price forecast: Bullish
Palo Alto Networks, Inc.’s stock price (PANW) slipped lower in latest intraday trading, after failing to breach the pivotal resistance level of $207.25, which exposed the stock to increased negative pressure. This led to a break below a short-term rising trend line, accompanied by a notable surge in trading volumes — technically confirming the breakdown. The move also took the price below the 50-day SMA, adding further to the surrounding bearish pressure.
Therefore we expect the stock to decline further in upcoming trading, especially if it stabilizes below the support level of $194.40, targeting the next support at $180.70.
Today’s price forecast: Bearish
Baker Hughes Company’s stock price (BKR) advanced in latest intraday trading, preparing to attack the pivotal resistance level of $40.38 amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line. The move is supported by continued trading above the 50-day SMA, along with positive signals streaming from the Stochastic, despite it remaining in overbought territory.
Therefore we expect the stock to rise in upcoming trading, especially if it breaches the resistance of $40.38, targeting the next resistance at $44.00.
Today’s price forecast: Bullish
The price of (ETHUSD) declined in its recent intraday levels, gathering the gains of its last rises, attempting to offload its clear overbought conditions, especially with the emergence of negative overlapping signals, amid the dominance of strong bullish wave on the short-term basis and its trading alongside a bias line.