Morgan Stanleys stock price (MS) rose in latest intraday trading, attacking the pivotal resistance level of $142.00 amid the dominance of the main upward trend and trading alongside a short-term rising trend line, supported by continuous trading above the 50-day SMA. However, in contrast, we notice the Stochastic reaching extremely overbought levels, which may cap upcoming gains.

Therefore we expect the stock to rise in upcoming trading, provided it first breaches the resistance level of $142.00, targeting the next resistance at $154.90.

Todays price forecast: Bullish