Stock Market News

Technical Analysis – US 500 index’s correction weakens under 100-SMA

Posted on March 30, 2020 at 12:00 pm GMT

US 500 index (Cash) seems to have lost steam in its pullback from the multi-year low of 2,183.95 dropping the price back to its mid-Bollinger band around the 100-period simple moving average (SMA) at 2,561. The stall in positive momentum is also reflected in the short-term oscillators. The MACD, in the positive region, has dropped below its red trigger line, while the RSI, declined to hover above its neutral mark. On top of this, the downward sloping 100- and 200-period [..]

Technical Analysis – US 500 Index attempts to correct from 39-month low

Posted on March 23, 2020 at 1:48 pm GMT

US 500 index (Cash) gapped today underneath the inside swing low of 2,273 reaching a multi-year low of 2,183.95 before buyers surfaced, steering the price back up towards the 2,350 area, where the flat Ichimoku lines are located. The short-term oscillators, although negative, reflect some strengthening in positive momentum. The MACD, in the negative zone, is below its red trigger line but looks to be moving back above it. The RSI, in the bearish region, is rising towards its neutral [..]

Technical Analysis – Tesla stock continues descent; retraces until the 76.4% Fibonacci

Posted on March 17, 2020 at 6:03 pm GMT

Tesla’s stock price has corrected from the all-time highs piercing below the 50- and 100-day simple moving averages (SMAs) to touch a nearly three-month low of 394.97, which is just below the 76.4% Fibonacci retracement of the up leg from 218.21 to 967.49, of 395.83. The whole aggressive down move, which began on February 19, seems to have stalled around the 76.4% Fibo of 395.83. That said the MACD, in the negative region, is currently declining below its red trigger [..]

Virus update: In the eye of the storm – Special Report

Posted on March 17, 2020 at 3:48 pm GMT

With world stocks collapsing and entire economies going into lockdown, everyone is wondering how much worse this crisis can get and how long it will last. In a nutshell, the situation will probably get worse before it gets better, both in financial markets and the real economy, as most of Europe and America are still far from ‘peak virus’. Ultimately, this shock will subside and given the overwhelming stimulus measures lately, the market rebound could be meteoric. However, we might [..]

Technical Analysis – Boeing stock faces worst decline in history; eyes crucial support area

Posted on March 17, 2020 at 10:59 am GMT

Boeing’s stock price has faced its worst decline in history in the past three weeks. Besides the virus critical situation, the airplane designer was lately downgraded by the S&P rating agency, with its stock plunging to a fresh 3 ½ -year low of 127.90 on Monday. With technical indicators framing a bearish picture for the short-term as all simple moving averages are slipping downwards at a time the RSI and the MACD show no sign of improvement, traders are now eagerly waiting to see [..]

Technical Analysis – Netflix stock loses ground near to 3-month low; bearish bias

Posted on March 17, 2020 at 10:06 am GMT

Netflix stock price plummeted to a new three-month low of 292 during yesterday’s trading session, retaining the bearish movement that broke the medium-term ascending trend line. Also, the price has been developing beneath the flatten 200-day simple moving average (SMA), suggesting the start of a negative trend. In technical oscillators, the MACD is strengthening its bearish momentum below the zero line, while the RSI and the Stochastics are moving towards oversold levels, pointing to another negative session. Should the stock price stretch below December’s low of 292, immediate support could come [..]

Technical Analysis – Microsoft stock maintains bullish outlook below record high

Posted on February 17, 2020 at 1:49 pm GMT

Microsoft’s stock price is trading not too far from the new record high of 189.50 on Tuesday, having pulled back slightly. But momentum indicators suggest that a possible downside correction may be on the cards. In regard to the technical oscillators, the near-term bias is looking neutral-to-bearish as the RSI is flatlining at the 70 level, while the stochastics are pointing south and the %K and %D lines are negatively aligned. Should the price make another run higher, it’s likely to meet resistance at [..]

Nvidia to report first revenue increase in a year as stock price defies virus fears – Stock Market News

Posted on February 12, 2020 at 5:16 pm GMT

The graphics chipmaker, Nvida Corp, will report its earnings result for the fourth quarter of 2019 on Thursday after the US market close. After seeing revenue plummet in 2018/2019, analysts are confident Nvida will announce its first annual growth in a year on Thursday. Despite the poor earnings run, however, the company’s stock price has almost fully recovered from the initial slump in late 2018 and has been outperforming the broader market since the start of 2019. Revenue expected to [..]

Technical Analysis – Alibaba stock seems to have found a floor at 50-SMA

Posted on February 12, 2020 at 8:17 am GMT

Alibaba stock price found some footing around the 50-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the up leg from 151.70 to 231.00 at 212.38 and is trying to return to a bullish trend after the rebound on the 38.2% Fibo of 201.00. Regarding the technical indicators, the RSI indicator is pointing up in the 50 level with weak momentum and the MACD is in progress to create a bullish cross with its trigger line in [..]

Technical Analysis – US 100 Index’s boost dwindles as it looks for a new summit

Posted on February 10, 2020 at 3:12 pm GMT

US 100 Index’s (Cash) recent appreciation, which bounced off the blue Kijun-sen line around 9,056, produced a fresh all-time high of 9,459. That said, the index appears to have taken a breather, something also reflected in the technical indicators, which display some wanings in positive momentum. The MACD, although deep in the positive region and above its red trigger line, has lost steam, while the RSI is hovering below the 70 level. The Stochastics also warn of possible weakness in [..]

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