Stock Market News

Technical Analysis – McDonalds stock retreats after posting multi-month high near 200.00

Posted on May 2, 2019 at 11:59 am GMT

McDonalds’ stock price has been making higher highs and higher lows since August 2018, creating an upward tilting channel. In the short-term, prices moved lower after the pullback on the multi-month high of 200.00 on April 30. The technical indicators are sending bearish signals, suggesting softness in the market in the near term. The RSI has found strong resistance in the overbought level and slipped below 70, indicating that the market could weaken a little bit in the short-term until the [..]

Technical Analysis – Apple stock pulls back from five-month high; holds uptrend alive

Posted on April 30, 2019 at 12:45 pm GMT

Apple’s stock price gave up some gains after topping at a fresh five-month high of 208.39 last week and as the RSI in the four-hour chart peaked in overbought area. The 20-period simple moving average (SMA), however, stood on the defensive once again, keeping the market action in the January uptrend. The falling RSI and the weakness in the MACD suggest that the price may find it hard to recover in the short term, turning the spotlight to the 20-period SMA (203.79) which if significantly [..]

Technical Analysis – Amazon stock drops after reaching 6-month high

Posted on April 25, 2019 at 10:43 am GMT

Amazon has been creating higher highs and higher lows after the rebound on the 1305 support level, jumping to a fresh six-month high of 1928 on April 23. Chances for a downside reversal, however, are increasing as the RSI indicator dropped below the overbought territory and the stochastic oscillator posted a bearish crossover within the %K and %D lines. Another step lower may reach a key support at the 20-simple moving average (SMA) currently at 1867, marginally above the 1852 [..]

Amazon earnings set to reflect increasing focus on profitability – Stock Market News

Posted on April 24, 2019 at 4:07 pm GMT

The world’s biggest online retailer will announce its earnings for Q1 after the US market close on Thursday. Revenue is expected to slow, but profit growth is seen picking up, something that reflects the company’s recent approach of focusing on operating margins. Guidance by management for Q2 will be crucial for the stock’s reaction in the aftermath. The e-commerce giant is expected to report earnings per share (EPS) of $4.72 in Q1, which would represent a robust 44.5% increase from [..]

Technical Analysis – Facebook stock flies near 8-month peak; bullish outlook in medium term

Posted on April 24, 2019 at 1:54 pm GMT

Facebook stock price pulled back from the two-year low of 123.30, registered in December 2018, and is currently resting slightly above the 61.8% Fibonacci retracement level of the downleg from 218.44 to 123.30 near 182.18. The price is meeting a fresh eight-month high of 184.15 after the completion of a ‘golden cross’ between the 50- and 200-simple moving averages (SMAs). Technically, the stochastic is detecting upside momentum as it is approaching the overbought zone, while the MACD is gaining momentum [..]

Facebook earnings eyed as its stock outperforms markets – Stock Market News

Posted on April 23, 2019 at 3:34 pm GMT

The social media colossus will release its Q1 earnings on Wednesday, after Wall Street’s closing bell. Forecasts point to a decline in earnings, as greater spending on security is expected to weigh on margins. Regardless, investors are loading up on the company’s stock, which has soared by nearly 40% year-to-date, far outperforming the broader market. The ad-based social network company is expected to have made $1.63 in earnings per share (EPS) in the first quarter, which would represent a decline [..]

Technical Analysis – Coca-Cola stock reaches 2-month high; bullish actions back into play

Posted on April 23, 2019 at 1:21 pm GMT

Coca-cola stock price advanced above the Ichimoku cloud over the last couple of trading days, challenging a two-month high around the 47.50 resistance. The MACD oscillator rose above its trigger line in the daily timeframe, while the stochastic is flattening in the overbought territory, suggesting overstretched market. A failure to overcome the two-month high of 47.50 barrier could send the price down to the upper surface of the Ichimoku cloud around 47.16. Lower, support could be next found around 46.70 where the [..]

Coca-Cola on watch after PepsiCo’s earnings beat – Stock Market News

Posted on April 22, 2019 at 3:37 pm GMT

Coca-Cola Co’s share price is almost 7% above its February troughs when the board expressed that sales growth is set to slow down this year, staging the largest daily sell-off in more than a decade. The soda giant is now ready to announce its first quarterly earnings results for 2019 on Tuesday April 24th before the market open, and traders will pay close attention to any noisy number that sheds light to those fears. Refinitiv analysts recommend holding the stock. [..]

Technical Analysis – Twitter stock declines below red Tenkan-sen line; neutral in long term

Posted on April 22, 2019 at 9:38 am GMT

Twitter stock price has been developing within a consolidation area over the last nine months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. From the technical point of view, the market could experience some softness in the short term, as the RSI is slipping towards its 50 neutral level and the MACD oscillator is holding below its trigger line, confirming the recent weak movement in price action. The 50 and 200-day simple moving averages (SMAs) are in [..]

Can US stock markets continue to defy gravity? – Special Report

Posted on April 19, 2019 at 1:19 pm GMT

US equity markets have been on a tear in 2019, reclaiming lost ground to come within breathing distance of their all-time highs. The rally has been fueled mainly by the Fed putting its rate-hike plans on ice, though easing trade tensions and corporate buybacks helped as well. While stocks could advance even further and break new highs, the risks seem increasingly asymmetric, with gains looking limited if growth stays solid but losses severe in case fears of a recession make [..]

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