CrowdStrike Holdings (CRWD) stock price soared in its latest intraday trading, recording a series of strong consecutive gains that helped it break above the key resistance level at $567.00, amid the dominance of the main upward trend in the medium and short term, with continued positive pressure from trading above its 50-day SMA. However, in contrast, we notice the beginning of a negative crossover appearing on the Stochastic indicators after reaching deeply overbought levels, which may limit the stock’s upcoming gains in the near term.
Therefore we expect the stock price to rise in its upcoming trading, especially if it confirms the breakout above the mentioned resistance at $567.00, targeting the next resistance level at $627.00.
Today’s price forecast: Bullish
Rivian Automotive (RIVN) stock price extended its gains in its latest intraday trading, as the stock retested an upward trend line that it had previously broken in the short term, attempting through this rise to recover part of its previous losses, while also trying to relieve its clear oversold condition on the Stochastic indicators, especially with continued positive signals from them. This comes amid continued dynamic negative pressure from trading below its 50-day SMA, which reduces the chances of a full recovery in the near term.
Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $15.20 resistance level, targeting the $12.80 support level.
Today’s price forecast: Bearish
Ethereum recorded modest gains during its latest intraday trading sessions, in what appears to be a weak attempt by the price to recover part of its previous losses. This comes amid the dominance of a short-term corrective bearish trend, with price movements continuing alongside a downward sloping trendline.
Negative pressure also remains in place as Ethereum continues trading below EMA50, which limits the chances of a strong recovery in the near term, especially with continued negative signals coming from the relative strength indicators.
oil Brent Crude Oil declined in its recent intraday trading, amid the dominance of the main bullish trend in the short term, with its move alongside a supportive bullish trendline, while receiving dynamic support from trading above EMA50, which strengthens the chances of the price resuming its upward movement in the near term, attempting to reduce some of its clear overbought conditions shown by the relative strength indicators, especially with the beginning of a negative crossover signal, in an effort to regain positive momentum that may help the market recover once again.