Uber Technologies (UBER) stock price extended its decline in its latest intraday trading, affected by its movement within a short-term corrective bearish price channel that continues to cap its recent trading. Negative pressure persists as the stock trades below its 50-day SMA, which has hindered its recent recovery attempts. Meanwhile, negative signals continue to emerge from the Stochastic indicator after reaching overbought levels.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $78.25 remains intact, targeting the key support level at $69.00.

Today’s price forecast: Bearish

Airbnb (ABNB) stock price recorded a decline in its latest intraday trading, after encountering resistance at its 50-day SMA, which hindered its ability to build on previous gains. This comes alongside the emergence of a negative crossover on the Stochastic indicator after the stock managed to ease its oversold conditions, giving it room to post further declines in the near term. This negative performance is also accompanied by a notable increase in trading volumes, signaling clear dominance by selling pressure.

Therefore we expect the stock price to decline during its upcoming intraday trading sessions, as long as it remains below the resistance level at $134.00, targeting the support level at $123.75.

Today’s price forecast: Bearish

Shopify Inc. (SHOP) stock price recorded a decline in its latest intraday trading, reaching support at $116.00, which had been a previously identified price target in our earlier analysis. This comes amid the dominance of a short-term corrective bearish trend, with price moving alongside a trendline supporting this path, while negative pressure persists as the stock trades below its 50-day SMA. In addition, negative signals continue to emerge from the Stochastic indicator.

Therefore we expect the stock price to decline during its upcoming trading sessions, especially if it breaks below the aforementioned support at $116.00, targeting the next support level at $105.00.

Today’s price forecast: Bearish

Walt Disney Company (DIS) stock price recorded slight gains in its latest intraday trading, supported by positive signals emerging from the Stochastic indicator after previously reaching deeply oversold levels, and accompanied by a notable increase in trading volumes. This comes as the stock continues to move within a narrow sideways range, amid the dominance of a short-term corrective bearish trend, with price moving alongside a minor trendline supporting this path. Negative pressure also persists as the stock trades below its 50-day SMA, limiting the chances of a full recovery in the near term.

Therefore we expect the stock price to decline during its upcoming trading sessions, especially as long as it remains below the resistance level at $101.90, targeting the support level at $93.20.

Today’s price forecast: Bearish