International Paper Company (IP) stock rose slightly in its latest intraday trading, attempting to recover part of previous losses while also trying to relieve some of the oversold pressure apparent on the Relative Strength Index indicators, especially as positive signals begin to appear. However, the stock’s recent rise faced resistance from the 50-day SMA, with the medium-term trend still under bearish control.

Therefore, we expect the stock price to decline in its upcoming trading, as long as the 48.50$ resistance holds, targeting the key support level of 43.55$.

Today’s price forecast: Bearish

The price of (ETHUSD) declined in its last intraday trading, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, gathering its positive strength that might help it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

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The price of (BTCUSD) expanded its losses in its last intraday levels, due to the stability of the historical resistance level at $123,000, attempting to look for rising low to take it as a base that might help it to recover and breach this resistance, and offloading its overbought conditions on the (RSI), especially with the emergence of the negative signals from there, amid the dominance of the main bullish trend and its trading alongside a minor supportive bias for this trend.

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The price of (Brent) declined in its last intraday trading, as it tested the resistance of minor bearish bias on the short-term basis, amid the continuation of the negative pressure that comes from its trading below EMA50, providing more negative signals, the most important is the emergence of negative overlapping signal on the (RSI), after reaching overbought levels, indicating the beginning of forming negative divergence that will intensify these negative pressures on the near-term basis.

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