Stock Market News

Will US stocks rock the boat in 2020? – Special Report

Posted on January 16, 2020 at 1:43 pm GMT

US stocks had a spectacular rally in 2019 with little volatility despite trade tensions, monetary easing and geopolitical conflicts, with the S&P 500 stock index adding a whopping 27% to its value during the year to trade at fresh uncharted waters. As the overstretched increase and the unstoppable print of record highs raise concerns that a cliff edge may be around the corner, there are reasons to believe that 2020 may be another decent year or at least not a [..]

Technical Analysis – Japan 225 index stalls ahead of 14-month peak of 24,162

Posted on January 16, 2020 at 11:40 am GMT

Japan 225 stock index (cash) has run out of fuel in its second attempt to overtake the 24,162 level. The recent stall in the up move can also be seen in the flattening of the Bollinger bands and the RSI, which is in the bullish territory. The short-term oscillators reflect mixed signals of momentum while the simple moving averages (SMAs) lean towards an improving picture. The MACD is rising above its red trigger line in the positive zone, while the [..]

Technical Analysis – Alcoa stock exits from ascending triangle; lacks direction

Posted on January 14, 2020 at 1:15 pm GMT

Alcoa stock is heading lower and seems to be exiting the squeezed Bollinger band channel and the ascending triangle formation, falling below the 19.48 support. The triangle had been holding since July 2017 when it started the sideline move. From a technical viewpoint, the MACD is losing momentum below its red signal line and the RSI is still hovering in the negative territory but is pointing up, suggesting a possible recovery. Should weakness extend below the 19.48 mark again, support to downside movements could initially be [..]

Technical Analysis – JPMorgan stock hovers below record high; bullish in medium-term

Posted on January 13, 2020 at 10:41 am GMT

JPMorgan stock price is slightly lower since the pullback on the record high of 141.00 on January 2. In the very short-term, the market could maintain the downside correction if the RSI keeps sloping down and the MACD continues to lose momentum below its trigger line. Currently, the stock price is hovering within the red Tenkan-sen and the blue Kijun-sen lines. An extension to the downside and below the blue Kijun-sen line could meet the area between the 50-day simple [..]

Technical Analysis – Twitter stock gains ground from 10-Month low

Posted on January 10, 2020 at 1:37 pm GMT

Twitter stock’s recent improving picture looks to be assisted by the fresh bullish crossover of the 50-day simple moving average (SMA) by the 20-day one, as well as the strengthening momentum in technical indicators. The short-term oscillators reflect an improving outlook with the MACD slightly over zero, crossing above its red trigger line, while the RSI is rising in the bullish zone and nears its 70 level. However, the bearish overlap of the 200-day SMA by the 100-day one, and [..]

Technical Analysis – Tesla’s crazy rally nears a make or break point

Posted on January 9, 2020 at 2:38 pm GMT

Tesla’s stock price skyrocketed to a fresh record high of 498.07 on Wednesday, increasing its weekly gains to 15% due to strong vehicle delivery numbers. The RSI, although well into the overbought territory, has yet to show signs of weakness, keeping the short-term bias strongly positive. Yet, with the indicator approaching a former resistance area, some caution should be taken unless the price clears the 500.00 level, shifting the spotlight next to the 520.00 and 540.00 psychological marks. Should the bears retake [..]

Technical Analysis – Tesla stock flies to fresh all-time highs; bullish and overbought

Posted on December 20, 2019 at 11:31 am GMT

Tesla’s stock price skyrocketed past 400.00 to uncharted territory and above the 386.83 ceiling that kept the bulls under control in the 2017-2018 period, sending the fast-RSI well into the overbought territory. The latter increases the odds for a downside correction, though only a decisive close below the previous high of 360.66 would raise concerns about the sustainability of the market’s upward direction. In order to get to 360.66, sellers should breach the December 2018 peak of 380.00. If more [..]

Technical Analysis – EU Stocks 50 Index hits 4½-year high but momentum is waning

Posted on December 19, 2019 at 3:39 pm GMT

EU Stocks 50 Cash Index (EU50) hit a fresh 4½-year high of 3777.61 earlier this week, extending the recovery from last December’s 2-year trough of 2907.25. However, the positive momentum has since started to ease and technical indicators support the retreat in price action. The stochastics have fallen off overbought levels and the RSI is also sloping downwards. However, both remain in bullish territory, so a resumption of the uptrend is likely as long as the downside correction is brief. [..]

Technical Analysis – US 30 index retracts from all-time-peak as momentum fades

Posted on December 17, 2019 at 2:37 pm GMT

US 30 stock index’s appreciation appears to have paused after it withdrew from the recently logged all-time-high of 28,336. Although positive momentum seems to have weakened, the bigger positive picture continues to be assisted by the upward slopes in the simple moving averages (SMAs) and the bullish crossover of the 100-period SMA by the 50-period one. The short-term oscillators reflect a stall in the market yet lean towards a positive outlook. The MACD deep in the positive region, has slipped [..]

Technical Analysis – US 30 indexes’ ascent retracts from all-time-peak as momentum fades

Posted on December 17, 2019 at 2:20 pm GMT

US 30 stock indexes’ appreciation appears paused after it withdrew from the recent logged all-time-high of 28,336. Although positive momentum seems to have weakened, the bigger positive picture continues to be assisted by the upward slopes in the simple moving averages (SMAs) and the bullish crossover of the 100-period SMA by the 50-period one. The short-term oscillators reflect a stall in the market yet lean towards a positive outlook. The MACD deep in the positive region has slipped below its [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms