Generac price emits more negative signs - Forecast today - 05-05-2025
Generac Holdings’ stock price (GNRC) edged higher in latest intraday trading and tested the pivotal resistance of $115.65, amid the dominance of the main downward trend in the short term, with ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels.
Therefore we expect the stock to return lower and target the support of $99.50, provided the resistance of $115.65 holds on.
Today’s price forecast: Bearish
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Forecast update for Ethereum -05-05-2025
The price of Ethereum (ETHUSD) managed to recover a large portion of its early-week losses on the intraday levels, stabilizing once again above the key resistance level of $1,800. This indicates resilience against further decline, especially with the emergence of positive signals from the Relative Strength Index (RSI), which has entered oversold territory.
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Forecast update for Bitcoin -05-05-2025
Bitcoin price settled on an intraday rise, where it attempted to recover its early losses, and offloading some of its oversold conditions on the (RSI), affected by breaking a bullish bias line on the short-term basis, with the continuation of the negative pressure that was caused by its trading below EMA50.
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Forecast update for Brent crude oil -05-05-2025
Brent crude oil price rose on its recent intraday trading, in order to recover some of its early losses, amid the dominance of the main bearish trend on the short-term basis and its trading alongside the bias line, with the emergence of the negative signals on the (RSI), with a continued negative pressure due to its trading below the EMA50.
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