Bristol-Myers Squibb Company’s stock price (BMY) fell in latest intraday levels and breached the current support of $46.95, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels.
Therefore we expect more losses for the price, provided it settles below $46.95, targeting the support of $43.20.
Today’s price forecast: Bearish
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Duolingo’s stock price (DUOL) rose in latest intraday trading, amid the dominance of the main upward trend in the medium term, and with positive pressure due to trading above the 50-day SMA, countered with negative signals from the Stochastic after reaching overbought levels, hindering upcoming gains.
We still expect more gains for the stock, targeting the next resistance at $550.00.
Today’s price forecast: Bullish
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Fortinet’s stock price (FTNT) fell in latest intraday trading, trespassing the support of the 50-day SMA and exposing the stock to more negative pressure, amid negative signals from the Stochastic after reaching overbought levels, and amid the dominance of the downward correctional wave in the short term.
Therefore we expect the price to decline and target the support of $91.25, provided the psychological resistance of $100.00 holds on.
Today’s price forecast: Bearish
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The price of Ethereum (ETHUSD) recovered in its recent intraday trading, to attempt to breach its current resistance at $2,540, supported by the beginning of forming a positive divergence on the (RSI), with the beginning of the positive signals amid emergence, due to the dominance of the main bullish trend on the short-term basis.
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