Polygon price readies to pierce pivotal support - Forecast today - 10-02-2025
Polygon’s currency price (MATICUSDT) inched lower in the intraday levels, amid the dominance of the main downward trend in the medium term as the price trades alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA, as the pivotal support of $0.286 held its ground, while venting off oversold saturation in the RSI.
Therefore we expect the price to lose ground, provided the aforementioned support of $0.286 was reliably breached, thus targeting the next one at $0.149.
Trend forecast for today: Likely Bearish
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Autodesk price leans on SMA support - Forecast today - 10-02-2025
Autodesk’s stock price (ADSK) fell in the intraday levels, amid negative signals from the RSI after reaching overbought levels, while trying to vent off overbought saturation, and gathering positive momentum to rise anew, as it also leaned on the support of the 50-day SMA, amid the dominance of the main upward trend.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $326.60, provided the support of $297.90 holds on.
Trend forecast for today: Likely Bullish
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PayPal price sharpens decline - Forecast today - 10-02-2025
PayPal Holdings’ stock price (PYPL) fell in the intraday levels, while hurt by piercing the main upward trend in the short term, thus falling under the dominance of the downward correctional wave, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect more losses for the stock, targeting the first support at $73.93, provided it settles firmly below the resistance of $82.50.
Trend forecast for today: Bearish
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Alibaba price trims some gains - Forecast today - 10-02-2025
Alibaba Group Holdings’ stock price (BABA) rose in the intraday levels, with support due to trading above the 50-day SMA, accompanied by a surge in trading volumes, and amid the dominance of the main upward trend in the medium term, countered by negative signals from the RSI, which trimmed recent gains.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $117.82, provided the support of $94.12 holds on.
Trend forecast for today: Bullish
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