Stock Market News

Technical Analysis – Facebook rises in descending triangle around 280 level

Posted on January 26, 2021 at 2:18 pm GMT

Facebook stock has been recovering nicely from the downfall to head towards the 245.00 support again, crawling near the Ichimoku cloud and back into the 280.00 territory in the daily chart. In the bigger view, the price has been developing within a descending triangle since August 2020. From a technical perspective, the short-term bias is viewed as slightly positive, reflected by the improvement in the RSI and the MACD. The RSI is heading north in the bullish area, while the MACD is increasing its distance above the trigger [..]

Technical Analysis – Tesla’s stock extends uptrend to uncharted zone

Posted on January 26, 2021 at 10:06 am GMT

Tesla’s stock resolved a bullish pennant formation on the upside on Monday in the four-hour chart, strengthening its March uptrend to a fresh record high of 899.88 before closing slightly below its previous peak. The bulls may keep pressuring for a close above the 900 level in the short run as the upward-sloping RSI has yet to confirm overbought conditions after violating its downward move. The MACD, although below its red signal line, is trying to regain some lost ground [..]

Tesla’s Q4 earnings preview: Another masterstroke – Stock Market News

Posted on January 25, 2021 at 2:28 pm GMT

Investors’ favorite stock – Tesla – will be closely watched on Tuesday after the market close as the electric car maker will publish its final earnings statement for 2020. Forecasts suggest that 2020 was the most profitable year in the company’s history despite the ongoing Covid drama, though this might not surprise markets. Instead, with the management setting new goals for the new year this week, traders would be more interested to know if the company can keep outperforming on Wall Street as green investments largely grow in [..]

Microsoft earnings: can cloud business sustain revenue boom? – Stock Market News

Posted on January 25, 2021 at 1:40 pm GMT

Microsoft Corporation will be the next of Wall Street’s tech giants to post its latest earnings on Tuesday (after the market close), and after Netflix’s positive surprise, expectations are high that the Redmond-based company will also impress with its Q4 results. Microsoft’s earnings have been going from strength-to-strength since 2017 when the company started to reap the benefits of CEO Satya Nadella’s shift to cloud computing. Investors have demonstrated their satisfaction with this new direction by sending Microsoft shares to [..]

Technical Analysis – US 500 index maintains uptrend despite faint pause

Posted on January 25, 2021 at 1:03 pm GMT

The US 500 index (Cash) appears to have frozen a bit after forming a new all-time high of 3,867. Nevertheless, the commanding bullish bearing of the simple moving averages (SMA) is assisting the uptrend, while the stalling Ichimoku lines are indicating some dwindling in positive momentum. The short-term oscillators are demonstrating mixed signals in directional momentum. The MACD, in the positive region, is a tad above its floating red trigger line, while the RSI is pointing upwards, merely beneath the [..]

Technical Analysis – US 500 index maintains uptrend despite faint pausing

Posted on January 25, 2021 at 12:25 pm GMT

Technical Analysis – Apple stock declines somewhat in short-term; bullish in long-term

Posted on January 19, 2021 at 2:30 pm GMT

Apple stock price appears to be losing ground, finding powerful support at the 126.43 barrier. A paused state of directional momentum is reflected in the Ichimoku lines, while the price rests above the upper surface of the Ichimoku cloud. The bearish signals in the short-term oscillators further reflect the fall in the price. The RSI has barely inched below the 50 level, while the stochastic indicator is moving south. If sellers drive the index below the 126.43 support, the 50-day simple [..]

Netflix to report Q4 earnings amid slowing subscriber growth and price hikes – Stock Market News

Posted on January 19, 2021 at 1:36 pm GMT

Twenty-twenty was a year that nobody will want to remember, but for stay-at-home companies like Netflix Inc, their services were never in greater demand. When the steaming service provider reports its fourth quarter earnings on Tuesday (after the market close), it’s expected to report another solid set of results as the virus resurgence in many countries likely kept more people at home. However, with rising competition, revenue growth might not match the highs of recent quarters and investors will be [..]

Technical Analysis – Netflix stock faces SMA resistance ahead of Q4 earnings report

Posted on January 19, 2021 at 11:11 am GMT

Netflix’s stock has been volatile within the range of 457.45 – 574.68 since mid-June, though in the four-hour chart, the simple moving average lines (SMAs) seem to have been navigating the price to the downside over the past two weeks. The negative slope in the RSI and the trendless negative MACD are currently keeping the odds for a significant upside reversal minimal, suggesting that a drop towards the 61.8% Fibonacci level of the latest upleg at 493.10 could be more likely. If [..]

Technical Analysis – US 500 index fades from recent all-time high of 3,831

Posted on January 18, 2021 at 12:49 pm GMT

The US 500 index (Cash) is finding a foothold in the Ichimoku cloud, on the 100-period simple moving average (SMA) at 3,756, after the index receded from its latest all-time high of 3,831 under the 50-period SMA. All climbing SMAs are endorsing the positive picture, while the Ichimoku lines, with the dipping red Tenkan-sen line, are promoting the pullback in price. The short-term oscillators are proposing a tad increase in positive momentum. The MACD is flattening below its red signal [..]

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