Dogecoin’s currency price (DOGEUSDT) rose in the intraday levels amid the dominance of the upward short-term trend, while the price tries to shake off negative pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, which could hinder the currency’s advance.
Therefore we expect the price to rise and target the pivotal resistance of $0.48000, provided it settles firmly above $0.34000.
Trend forecast for today: Likely Bullish
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Broadcom’s stock price (AVGO) rose in the intraday levels, buoyed by trading above the 50-day SMA, amid the dominance of the main upward trend in the medium term, as the RSI reached oversold levels, sending out positive signals.
Therefore we expect more gains for the stock, targeting the important resistance of $251.88.
Trend forecast for today: Bullish
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Chevron Corporation’s stock price (CVX) fell in the intraday levels after earlier gains, thus turning them quickly into losses amid the dominance of the downward secondary short-term wave, with negative pressure due to trading below the 50-day SMA, as the RSI reached overbought levels compared to the stock’s movements, hinting at negative divergence.
Therefore we expect more losses for the stock, targeting the pivotal support of $140.55 provided the resistance of $152.75 holds on.
Trend forecast for today: Bearish
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D.R. Horton’s stock price (DHI) fell in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, as the RSI reached overbought levels compared to the stock’s movements, hinting at negative divergence.
Therefore we expect the stock to decline and target the pivotal support of $133.00, provided the resistance of $153.00 holds on.
Trend forecast for today: Bearish
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