Docusign’s stock price (DOCU) edged lower in the last session, hurt by bumping into the resistance of the 50-day SMA, amid the dominance of the downward correctional trend in the short term, with negative signals from the Stochastic after reaching overbought levels compared to the price’s movements, hinting at negative divergence.
Therefore we expect the price to decline and target the support of $74.25, provided the resistance of $86.75 holds on.
Today’s price forecast: Bearish
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Enphase Energy’s stock price (ENPH) fell in latest intraday trading, amid the dominance of the main downward trend as the price trades alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic.
Therefore we expect more losses for the price, targeting the first support at $40.00, provided the resistance of $51.60 holds on.
Today’s price forecast: Bearish
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Abbott Laboratories' stock price (ABT) edged higher in latest intraday trading, amid the dominance of the main upward trend in the medium term, with positive signals from the Stochastic as the price managed to vent off overbought saturation there, as the price also tried to shake off negative pressure from the 50-day SMA and achieve true recovery.
Therefore we expect the price to rise and target the pivotal resistance of $141.75, provided it settles firmly above $128.25.
Today’s price forecast: Bullish
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The EURJPY continued the rise on its last intraday level, surpassing our morning target at 144.00 resistance, affected by breaching a minor bearish bias on the short-term basis, taking advantage of its moves alongside a correctional trend line.
Therefore, our expectations suggest the continuation of the price rise, especially if it settles above 144.00, to target the initial resistance level at 145.30.
The expected trading range for today is between 143.55 support and 145.30 resistance.
Today’s forecast: Bullish
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