eBay’s stock price (EBAY) fell in latest intraday trading after the pivotal resistance of $71.60 held on, as the price tries to gather positive momentum to pierce it later, while also trying to vent off overbought saturation in the Stochastic with negative signals emerging from it.
It also comes amid the dominance of the main upward trend in the medium term, as the price trades alongside the secondary short-term trend line, with ongoing positive pressure due to trading below the 50-day SMA.
Therefore we expect the price to rise in upcoming trading, provided the resistance of $71.60 is reliably breached, targeting the next one at $75.15.
Today’s price forecast: Bullish
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Taiwan Semiconductor Manufacturing Company’s stock price (TSM) returned higher in latest intraday trading, amid the dominance of an upward correctional wave in the short term, as the price trades alongside the trend liner, with ongoing positive pressure due to trading above the 50-day SMA, while the price managed to vent off overbought saturation in the Stochastic.
Therefore we expect more gains for the price, targeting the pivotal resistance of $182.90, provided the support of $166.95 holds on.
Today’s price forecast: Bullish
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Vertex Pharmaceuticals’ stock price (VRTX) skidded in latest intraday trading and pierced the main upward trend line in the short term, with negative signals from the Stochastic after reaching overbought levels, coupled with negative pressure due to trading below the 50-day SMA.
Therefore we expect more losses for the price, provided it settles below $446.00, targeting the first support at $411.00.
Today’s price forecast: Bearish
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AT&T’s price edged lower in latest intraday trading as the price tries to gather positive momentum to rise anew, while also venting off overbought saturation in the Stochastic, amid the dominance of the main upward trend as the price trades alongside the secondary short-term trend line, with ongoing positive pressure due to trading above the 50-day SMA.
Therefore we expect the price to rise and target the pivotal resistance of $29.00, provided the support of $27.00 holds on.
Today’s price forecast: Bullish
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