Stock Market News

Technical Analysis – Tesla stock builds base above SMAs; resumes positive picture

Tesla stock price has advanced considerably above the simple moving averages (SMAs) and the Ichimoku cloud in the daily timeframe, suggesting a continuation of the upside tendency. The technical picture supports that this move is likely to continue in the short-term. The RSI is pointing slightly up above the 50 level, while the stochastic completed a bullish crossover within its %K and %D lines. In the wake of more positive pressures, the market could meet resistance at the 770.50 barrier, [..]

Technical Analysis – JP 225 index unable to decisively close above 50.0% Fibonacci

JP 225 stock index (Cash) appears mostly flat in the very near-term as it edges sideways into the Ichimoku cloud, capped by the 50-day simple moving average (SMA) residing at the 19,779 border, that being the 50.0% Fibonacci retracement of the down leg from 24,162 to 15,384. Extra neutral signals are reflected in the flattened Ichimoku lines, despite their bullish tone. The short-term oscillators further exhibit a picture of evaporated directional momentum. The MACD is above its red trigger line [..]

Technical Analysis – Facebook stock recovers after rebound on 15-month low

Facebook’s stock price has been advancing over the last month after it reached a 15-month low of 136.75. The run above the 50-day SMA could open the way for a possible upside correction of the negative movement from 224.30 to 136.75. Regarding the momentum indicators, the MACD entered the positive territory while the RSI is pointing north above the 50 level. An extension of the positive move could push the stock towards the 61.8% Fibonacci level of the down leg [..]

US airlines heading for an earnings crash; can bailouts save them? – Stock Market News

US airlines will grab the earnings spotlight over the next week as they reveal the financial cost of the COVID-19 pandemic on their first quarter performance. Southwest Airlines will announce its results on Thursday before the market close, followed by American Airlines on Friday, also before the market close. United Airlines, which was due to release its earnings on Tuesday, has postponed its announcement to April 28. That has left the honours of being the first major carrier to post [..]

US airlines will grab the earnings spotlight over the next week as they reveal the financial cost of the COVID-19 pandemic on their first quarter performance. Southwest Airlines will announce its results on Thursday before the market close, followed by American Airlines on Friday, also before the market close. United Airlines, which was due to release its earnings on Tuesday, has postponed its announcement to April 28. That has left the honours of being the first major carrier to post [..]

Amazon’s Q1 earnings in the spotlight as virus crisis bodes well – Stock Market News

The e-commerce giant Amazon.com Inc will publish earnings results for the March quarter on April 30 after the market’s close. Despite the global health crisis, the virus situation bodes well for Jeff Bezos’ successful company and although forecasts suggest a mixed earnings report, traders may not easily give up their long exposure in the stock, with the consensus recommendation by Refinitiv analysts being “buy”.  Amazon gains in good times and bad COVID-19 is shaking up the global business world, forcing hundreds of [..]

Technical Analysis – Amazon stock tumbles from record high; still bullish in long term

Amazon stock price reversed to the downside after the aggressive bullish action to the all-time high of 2,458. The RSI indicator is turning lower from the overbought zone, while the stochastic oscillator fell from the 80 level following the bearish crossover within the %K and %D lines. However, the MACD is still extending its bullish movement above the trigger line. Should the price decisively close above the roof of the record high of 2,458, that could drive the market towards [..]

Technical Analysis – Netflix stock advances to all-time high; stochastic suggests overbought

Netflix stock price had been in an aggressive bullish rally in the previous periods, challenging a fresh all-time peak at 449.32 on April 16. The RSI and the MACD are confirming this strong upside tendency as both are gaining momentum in positive territories. However, the stochastic is suggesting an overbought market, as it has turned lower and posted a bearish crossover within the %K and %D lines above 80 area. Also, the 200-day simple moving average (SMAs) is flattening, while [..]

Netflix set for glowing earnings and even brighter guidance amidst virus gloom – Stock Market News

US streaming giant, Netflix Inc, is due to announce its earnings results for the January-March quarter on Tuesday (April 21) after the market close. The earnings release comes just as the company’s share price has hit an all-time high, fuelled by expectations that its subscriber numbers will skyrocket as locked down people around the world pass their times by binge-watching. But with many of Netflix’s main markets entering a lockdown towards the very end of the quarter and some countries [..]

Netflix earnings may not excite but guidance to beam amidst virus misery – Stock Market News

US streaming giant, Netflix Inc, is due to announce its earnings results for the January-March quarter on Tuesday (April 21) after the market close. The earnings release comes just as the company’s share price has hit an all-time high, fuelled by expectations that its subscriber numbers will skyrocket as locked down people around the world pass their times by binge-watching. But with many of Netflix’s main markets entering a lockdown towards the very end of the quarter and some countries [..]