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General Motors price gathers positive momentum - Forecast today - 22-08-2025

Economies.com
2025-08-22 11:58AM UTC
AI Summary
  • General Motors stock price declined in recent trading, but is expected to gather positive momentum for a potential recovery
  • Forecast predicts the stock will rise in upcoming trading sessions, targeting a key resistance level at $61.25
  • Today's price forecast is bullish for General Motors Company (GM)

General Motors Company (GM) stock price declined in its latest intraday trading, as the stock attempted to take profits from its previous gains and relieve some of its overbought levels evident on the Stochastic indicators, especially with bearish signals starting to emerge. This pullback may allow the stock to gather positive momentum that could help it recover and climb again, supported by the ongoing positive pressure from trading above its 50-day SMA, and under the dominance of an upward short-term trend aligned with a rising trendline.

 

Therefore, we expect the stock to rise in its upcoming trading, especially as long as it holds above the $53.30 support level, targeting the key resistance level at $61.25.

 

Today's price forecast: Bullish

Forecast update for Ethereum -22-08-2025

Economies.com
2025-08-22 11:57AM UTC

The price of (ETHUSD) declined in its last intraday trading, after its success in offloading its oversold conditions on the (RSI), reaching the resistance of its EMA50, losing its momentum to bounce lower, and there are chances for recording more of the losses of the (RSI) after reaching overbought levels, amid the dominance of bearish correctional wave on the short-term basis.

 

 

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Forecast update for Bitcoin -22-08-2025

Economies.com
2025-08-22 11:54AM UTC

The price of (BTCUSD) declined in its last intraday trading, surrendered to the negative pressures after its success in its previous trading to recover some of the losses, and offloading some of its clear oversold conditions on the (RSI), especially when breaking the critical support at $112,000, amid the dominance of bearish correctional wave.

 

 

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Forecast update for Brent crude oil -22-08-2025

Economies.com
2025-08-22 12:39PM UTC

The price of (Brent) rose in its last trading on the intraday levels, preparing to attack our morning target at $67.60 resistance, amid its affection by positive technical formation on the short-term basis ( the double top pattern), supported by its continuous trading above EMA50, besides the emergence of the positive signals on the (RSI), despite its stability on the overbought levels.

 

 

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