Zcash’s currency price (ZECUSD) edged higher in latest intraday trading amid negative pressure due to trading below the 50-day SMA, and amid the dominance of the downward trend in the medium term, as the price tries to recoup some recent losses, while also venting off oversold saturation in the RSI as positive signals emerge from it.
Therefore we expect the price to decline and target the pivotal support of $28.00 soon.
Today’s price forecast: Bearish
Micron Technology’s stock price (MU) fell in the last session with ongoing negative pressure due to trading below the 50-day SMA, and amid the dominance of the main downward trend in the medium and short terms, with negative signals from the Stochastic after reaching overbought levels compared to the price’s movements.
Therefore we expect more losses for the price, targeting the support of $61.75 once more, provided the resistance of $84.10 holds on.
Today’s price forecast: Bearish
Applied Materials’ stock price (AMAT) fell in latest intraday trading, amid the dominance of the main downward trend, as the price trades alongside the secondary short-term trend line, while a negative divergence forms in the Stochastic after reaching overbought levels compared to the price’s movements, and with constant negative pressure due to trading below the 50-day SMA.
Therefore we expect more losses for the price, provided the resistance of $159.00 holds on, targeting the support of $123.75.
Today’s price forecast: Bearish
Kroger Company’s stock price (KR) rose anew in latest intraday trading, boosted by trading above the 50-day SMA, with positive signals streaming from the Stochastic after it reached oversold levels, and amid the dominance of the main upward trend as the price trades alongside the short-term trend line.
Therefore we expect more gains for the price, targeting the important resistance of $71.93, provided the support of $65.50 holds on.
Today’s price forecast: Bullish