UiPath, Inc. (PATH) edged lower in its latest intraday session as the stock took profits from recent gains and eased some of the overbought conditions indicated by the RSI, which also showed a negative crossover. This minor pullback may allow PATH to gather fresh bullish momentum for a potential renewed upward move, especially with ongoing support from trading above its 50-day SMA, which reinforces the stability of the medium-term uptrend.
If the stock manages to break above the key resistance at $18.75, further upside could follow, with the next target at $22.65.
Today’s Price Forecast: Bullish
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