Stock Market News

Technical Analysis – Amazon falls from 9-month high; forms hammer as it stalls at 23.6% Fibo

Posted on July 22, 2019 at 2:03 pm GMT

Amazon pulled away from a nine-month high of 2032 in the previous weeks, to halt yesterday at the 23.6% Fibonacci retracement level of the up move, from 1670 to 2032, of 1949. The 21-day simple moving average (SMA) is also very close and a hammer formation has taken shape, pushing the price above the resistance of 1964. The momentum indicators are suggesting that the sentiment may turn negative as the MACD has dived below its trigger line and RSI nears [..]

Tesla’s Q2 earnings in focus after all-time high sales – Stock Market News

Posted on July 19, 2019 at 1:39 pm GMT

Tesla’s share price soared sharply higher by 42% after hitting three-year lows in early June but the rally may come under test next week when the electric-car maker announces its earnings results for the second quarter. The report will be available for review on Wednesday after Wall Street’s closing bell and even though analysts expect improvement, the company must prove that it can return to profit for its stock to keep running towards the way-above December peaks. Making profits could [..]

Netflix earnings likely to be weighed by slower subscriber growth – Stock Market News

Posted on July 17, 2019 at 1:45 pm GMT

Streaming giant Netflix is due to announce its second quarter earnings later today after the market close on Wall Street – the first of the FAANG companies to report. As competition heats up in the sector, all eyes will be on how many new subscribers Netflix managed to attract in Q2 amid concerns about the outlook for subscriber growth in streaming services. Company to report lower EPS in Q2 Netflix is expected to report earnings per share (EPS) of $0.57, [..]

Technical Analysis – Microsoft consolidates at all-time highs; sellers grab the reins to rally down

Posted on July 17, 2019 at 5:22 am GMT

Microsoft stock has been in a 7-month ascending channel since December but last week ran into a wall near the previous all-time high of 138.34 set two weeks ago. Sellers have picked themselves up and today started to push down. Although the bullish bias from the 21-, 50- and 100-day simple moving averages (SMA) is apparent, the MACD seems to suggest a negative divergence causing a fall in momentum as the MACD and trigger line flatten out in the positive area. [..]

Microsoft hovers near all-time highs ahead of earnings – Stock Market News

Posted on July 16, 2019 at 3:23 pm GMT

The world’s largest company by market capitalization will report its quarterly earnings on Thursday, after Wall Street’s closing bell. Forecasts point to another solid quarter, with investors likely to focus mainly on key business segments like cloud computing. Overall, the company’s stock is on a tear, having gained more than 36% this year – though valuation is becoming a concern. The consensus The Washington-based tech giant is expected to report earnings per share (EPS) of $1.21 when it announces its [..]

Technical Analysis – Morgan Stanley stock moves above 200-day simple moving average

Posted on July 16, 2019 at 9:30 am GMT

Morgan Stanleys’ stock has been incrementally following the north road since the end of December, and in the last month has risen from a three-month low of 40.40 to face the ultimate battle with the 200-day simple moving average (SMA). Presently, it is facing short-term resistance at the previous weeks’ break high above the 200-day hurdle of 45.00. Momentum cooled after the 200-day break, as also shown by the RSI as it points down in the positive area, whereas the [..]

Technical Analysis – Google stock finds support at 40-day SMA; breaks above 38.2% Fibo

Posted on July 11, 2019 at 1:13 pm GMT

Google stock price is creating a short-term upside rally over the last month, after the rebound on the five-month low of 1024. The price tested and broke the 38.2% Fibonacci of the down move from the all-time high of 1288.47 to low 1024, of 1124.50. A pullback in the up move found support on the culminating simple moving averages (SMAs) of 14-, 21- and 40-days on July 9. The short-term 14- and 21-SMAs confirm a positive momentum, as well as [..]

Technical Analysis – Netflix stock tests 7-month high; narrow range in medium term

Posted on July 11, 2019 at 9:44 am GMT

Netflix stock experienced a short-term upside rally from the bottom boundary of the trading range for the last month, that began at the end of April, to the upper boundary of a seven-month high of 386. The stock has temporarily faltered near the resistance, waiting for the buyers’ and sellers to set the direction. Although in a sideways move, the short- and medium-term simple moving averages (SMAs) of 14-, 21- and 40-day SMAs, confirm a positive momentum on price action [..]

Technical Analysis – Amazon accelerates bullish rally to test all-time highs

Posted on July 10, 2019 at 2:45 pm GMT

Amazon stock has been experiencing a one-month bullish rally from a pullback move at the beginning of May to a low of 1670, and today broke aggressively above the seven-month high of 1964. With the help of short- and medium-term simple moving averages (SMAs) of 14 -, 21- and 40-day SMAs respectively, bullish crosses are in place confirming the momentum and positive trend which is in progress towards the highs. The MACD and the RSI are also supporting the bullish [..]

Technical Analysis – Google stock unable to break above 38.2% Fibo and 200-SMA

Posted on July 4, 2019 at 1:35 pm GMT

Google stock price has found a strong resistance level around the 38.2% Fibonacci retracement level of the downleg from 1,288.47 to 1,023.50 near 1,125 as it tries to extend its gains after the rebound on 1,023.50. Momentum indicators now suggest that the market sentiment might increase even higher as the stochastic lies in overbought area and the MACD is rising above its trigger line. If the market turns to the upside again and surpasses the 50-simple moving average (SMA) it could revisit the 1,147 resistance level before touching the 50.0% Fibonacci of [..]

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