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Technical Analysis – Amazon stock cautiously bullish despite pullback

Posted on February 6, 2020 at 4:16 pm GMT

Amazon stock aggressively gapped up near to 2,050 on 31 January and proceeded to plot a fresh all-time-high of 2,066.36 before correcting slightly below 2,034. Buyers’ efforts are currently steering the stock back up, a move aided by the upward sloping simple moving averages (SMAs) and the recent bullish crossover of the 200-day SMA by the 50-day one. Moreover, the technical indicators suggest positive momentum may keep up with the latest move, even though the RSI and Stochastics are located [..]

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Twitter to report higher revenue but focus on daily active user growth – Stock Market News

Posted on February 5, 2020 at 2:58 pm GMT

Twitter, Inc. will announce its earnings result for the fourth quarter on Thursday before the market open. The company is expected to report somewhat better earnings this time round compared to the third quarter when it missed both its revenue and earnings per share estimates, sending the stock price crashing more than 20%. As always, however, investors’ main concern will be how many new users the social media firm added as it struggles to maintain user growth. Higher revenue expected [..]

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Technical Analysis – Twitter stock pauses above uptrend line; loads for next direction

Posted on February 4, 2020 at 11:13 am GMT

Twitter stock is currently consolidating around 32.68 – which is the 23.6% Fibonacci retracement of the down leg from 45.81 to 28.60 – capped by the 20-day simple moving average (SMA) and supported by the 50-day SMA and uptrend line drawn from 14 November 2019. Backing this view are the momentum oscillators, the flat 200-day SMA and Ichimoku lines. The MACD has slipped below its red trigger line but both are still hovering slightly above zero, while the RSI is [..]

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Technical Analysis – Twitter stock pauses above uptrend line; loads for next direction

Posted on February 4, 2020 at 10:43 am GMT

Twitter stock is currently consolidating around 32.68 – which is the 23.6% Fibonacci retracement of the down leg from 45.81 to 28.60 – capped by the 20-day simple moving average (SMA) and supported by the 50-day SMA and uptrend line drawn from 14 November 2019. Backing this view are the momentum oscillators, the flat 200-day SMA and Ichimoku lines. The MACD has slipped below its red trigger line but both are still hovering slightly above zero, while the RSI is [..]

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Technical Analysis – Disney’s stock gaps back above 100-day SMA after consolidation

Posted on February 3, 2020 at 3:18 pm GMT

Disney stock’s two-month descent, from the all-time-high of 153.33 stalled at 135.74, which is the 38.2% Fibonacci retracement of the up leg from 107.28 to 153.33. Presently, the stock appears undecided as it has gapped back above the flattened 200- and 100-day simple moving averages (SMAs), which back this notion. The MACD in the negative area, though below its red trigger line, is strengthening, while the RSI is improving in bearish territory. The Stochastics are bullish and rising after having [..]

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Technical Analysis – Google bears eye 1,420 for more downside in short-term

Posted on February 3, 2020 at 12:14 pm GMT

Google stock shifted south after peaking at an all-time high of 1,501 on January 22 but the bears should push below 1,370 and under the ascending trendline to put the upward pattern in the bigger picture in doubt. In the near-term, the focus will be on the 1,420 level as the RSI and the MACD suggest a neutral-to-bearish bias for the coming sessions. This is also where the 23.6% Fibonacci of the 1,159-1,501 upleg meets the 50-period simple moving average (SMA). [..]

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Technical Analysis – Microsoft stock takes a step back; bullish picture intact

Posted on January 28, 2020 at 4:43 pm GMT

Microsoft stock turned down from the fresh all-time high of 168.11 but its pullback seems to have stalled around the inside swing high of 160.60, where buyers have driven the price back up again. The pause in the market is also reflected in the Ichimoku lines – which have flattened – and the conflicting signals from the short-term oscillators. The MACD deep in the positive region has slipped below its red trigger line, while the RSI, ahead of its neutral [..]

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Technical Analysis – Facebook stock cautiously bullish despite reversal off new all-time high

Posted on January 28, 2020 at 1:53 pm GMT

Facebook stock has pivoted from the fresh all-time high of 222.55, dropping past the 218.44 level, which is the previous historic high from 25 July 2018. The falling Tenkan-sen line and the technical indicators back the correction from the peak, reflecting strengthening negative momentum. The MACD in the positive zone has slipped below its red trigger line, while the RSI has extended its decline out of the overbought region towards its neutral mark. The Stochastics reflect a bearish bias with [..]

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Technical Analysis – McDonald’s tries to recover fresh gap; bullish in short-term

Posted on January 28, 2020 at 11:12 am GMT

McDonald’s stock price is trying to pare the negative gap that posted yesterday in the daily timeframe, however, the technical indicators are continuing the negative movement. The MACD is dropping below its trigger line in the positive zone, while the stochastic indicator is strengthening its downside structure below the overbought zone. Moreover, the RSI is sloping down with strong momentum above the 50 level. Should weakness extend even lower, support to a negative move could be initially detected within the [..]

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Technical Analysis – Boeing stock rebounds near one-year low but bullish signals still missing

Posted on January 27, 2020 at 3:42 pm GMT

While other US stocks keep enjoying record highs, Boeing remains on the sidelines since the sharp sell-off from the 445.08 peak on March 2019. The bears have recently tried to touch the 2018 trough of 292.13 without success, with the price rebounding just a shy of the 300.00 level instead. In the coming sessions the stock could follow a sideways move if the RSI keeps moving towards its 50 neutral mark and the MACD continues to improve towards its red signal line. [..]

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