Toast, Inc. (TOST) edged slightly higher in recent intraday trading as the stock began to ease some of its pronounced oversold conditions on momentum indicators, particularly with the emergence of a positive crossover. Despite this modest rebound, negative pressure remains firmly in place as the stock continues to trade below its 50-day Simple Moving Average (SMA), reinforcing the stability and dominance of the primary short-term bearish trend. Price action also continues to move alongside a descending trendline that supports the current downtrend.
Therefore, our outlook remains negative for the stock's upcoming trading sessions, as long as resistance at $27.20 remains intact. Under this scenario, the stock is expected to target the key support level at $22.30.
Today's price forecast: Bearish.
On Holding AG (ONON) continued to move lower in recent intraday trading, with the primary medium-term bearish trend remaining firmly in control. The stock is also trading alongside a short-term descending trendline, reinforcing the current downward trajectory. This latest decline has pushed the stock below its 50-day Simple Moving Average (SMA), adding further negative pressure. Meanwhile, momentum indicators continue to generate bearish signals after the stock successfully worked off its oversold conditions, leaving room for additional losses in the near term.
Accordingly, our outlook remains negative for the stock's upcoming trading sessions, as long as resistance at $37.90 remains intact. Under this scenario, the stock is expected to target support at $33.15.
Today's price forecast: Bearish.
Ethereum (ETHUSD) declined during its latest trading on the intraday levels, affected by breaking bullish corrective trend line on the short-term, with the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reduces the chances of sustainable recovery in the near upcoming period, especially with the emergence of negative overlapping signals from the relative strength indicators after offloading its oversold conditions.
Brent crude oil continued the decline during its latest intraday trading, to reach $75.00 support, which represents our last expected target amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, noticing the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for targeting new support levels.