Cardano price returns higher - Forecast today - 05-12-2024
Cardano/USD currency price (ADAUSD) returned higher in the intraday levels amid positive signals from the RSI after reaching oversold levels, amid the dominance of the main upward trend in the short term, with positive pressure from trading above the 50-day SMA.
Therefore we expect the price to gain ground, provided it settles above $1.098, targeting the resistance of $1.412.
Trend forecast for today: Bullish
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Nvidia price extends gains - Forecast today - 05-12-2024
Nvidia Corporation’s stock price (NVDA) kept rising in the intraday levels, settling again above the pivotal resistance of $140.76, with attempts to pierce that barrier, amid the dominance of the main upward trend in the medium term, coupled with positive support due to trading above the 50-day SMA, and with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, provided the aforementioned resistance of $140.76 was reliably breached, thus targeting the next one at $171.90.
Trend forecast for today: Bullish
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Campbell price skids - Forecast today - 05-12-2024
Campbell Soup Company’s stock price (CPB) tumbled in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI after reaching overbought levels, as the stock also suffers from ongoing negative pressure due to trading below the 50-day SMA.
Therefore we expect more losses for the stock, provided the support of $42.00 was reliably breached, thus targeting the next one at $37.94.
Trend forecast for today: Bearish
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Occidental Petroleum price breaches pivotal support - Forecast today - 05-12-2024
Occidental Petroleum Corporation’s stock price (OXY) fell in the intraday levels, breaching the pivotal support of $49.75, amid the dominance of the main downward trend in the medium and short terms,with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, provided it settles firmly below $49.75, thus targeting the support of $45.60.
Trend forecast for today: Bearish
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