Stock Market News

Technical Analysis – US 500 index flies near 6-month peak; all-time high is near

Posted on April 19, 2019 at 9:12 am GMT

The US 500 index price skyrocketed to a fresh six-month high of 2918 on Thursday before it pared those gains later in the day. The price is holding above the red Tenkan-sen line as well as above the ‘golden cross’ within the 50- and 200-simple moving averages (SMAs). Technically, the RSI indicator is pointing marginally up near the overbought territory. However, the MACD oscillator is developing with stable momentum over the last sessions, despite the strong upside rally in the [..]

Technical Analysis – Pepsi stock tumbles after reaching multi-month high

Posted on April 17, 2019 at 12:25 pm GMT

Pepsi stock price recorded a stunning rally on Monday towards a multi-month high of 123.95, though it returned its gains a day after. The momentum indicators are supportive of the bearish move, with the RSI falling into negative territory below 70 and approaching the 50 neutral mark, while the MACD sank below its trigger line in the positive territory. Immediate support is being provided by the 120.75 barrier, taken from the latest lows. Should prices dip lower again, the next [..]

Technical Analysis – Johnson & Johnson struggles in trading range, capped by 50-day SMA

Posted on April 16, 2019 at 9:20 am GMT

Johnson & Johnson stock price has been squeezed within a narrow range with upper boundary the three-and-a-half-month high of 140.20 and lower boundary the 134.40 support over the last two months in the daily timeframe. The price is capped by the 50-simple moving average (SMA), acting as strong resistance obstacle, while the technical indicators are signaling more gains. The RSI is approaching the 50 level and the positive territory and the stochastic is heading north. Upside moves may drive the price action [..]

Netflix earnings set to decline, but stock up 37% this year – Stock Market News

Posted on April 12, 2019 at 12:26 pm GMT

Netflix is set to report a decline in its earnings when it releases its Q1 results on Tuesday, after the US market close. Yet, that’s owed mainly to soaring spending on original content, which is an investment for the future. Traders don’t seem worried either, judging by the 37.4% surge in the firm’s stock so far in 2019. The streaming provider is expected to have made $0.57 in earnings per share (EPS) in Q1, which would represent a decline of [..]

Q1 earnings season to get underway with Wells Fargo, JP Morgan, Citigroup and Goldman Sachs – Stock Market News

Posted on April 11, 2019 at 3:38 pm GMT

The US earnings season for the first quarter will enter into full gear on Friday with the big banks leading the way. JP Morgan Chase & Co (JP Morgan) and Wells Fargo & Co (Well Fargo) will be the first of the major US banks to report on Friday before the market open, while Citigroup Inc (Citigroup) and Goldman Sachs Group Inc (Goldman Sachs) will report their results on Monday, also before the market open. After an exceptionally strong 2018, [..]

Technical Analysis – JPMorgan stock looks neutral but still above 50-day SMA

Posted on April 10, 2019 at 1:07 pm GMT

JPMorgan stock price has been moving between the 50- and 200-day simple moving averages (SMAs) over the last ten trading days and around the 50.0% Fibonacci retracement level of the downleg from 119.18 to 91.07, near 105.13. From the technical point of view, the stochastic oscillator is heading down after it found resistance in the overbought zone, while the RSI indicator is losing momentum in the positive territory. However, despite the indicators, the red Tenkan-sen line is moving up, suggesting [..]

Technical Analysis – General Electric stock shows recovery after a gap down

Posted on April 9, 2019 at 12:00 pm GMT

General Electric stock opened with a gap down and within the oversold zone on Monday according to the RSI in the four-hour chart but the 200-period simple moving average (SMA) capped bearish action immediately. While the rebound in the RSI subdues chances for another negative turn, it is worth noting that the low on March 6 (9.02)has violated the previous trough of 9.51 and therefore the December uptrend. In coming sessions traders would be interested to see whether the breach [..]

Technical Analysis – Twitter stock declines after hitting 3-month high

Posted on April 5, 2019 at 10:18 am GMT

Twitter stock has been hovering within a trading range over the last eight months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. On yesterday’s trading session, the price recorded a new more than three-month high of 35.00 before quickly paring its gains. From the technical point of view, the Relative Strength Index (RSI) is strengthening its momentum in the positive zone, approaching the 70 level, while the MACD oscillator is trying to hold above [..]

Technical Analysis – Google stock retreats below 6-month peak

Posted on March 28, 2019 at 1:56 pm GMT

Google stock price found a strong resistance level around the six-month high of 1,230 and is on track to complete its fourth consecutive red day. Also, the price posted a spike below the 23.6% Fibonacci retracement level of the upward movement from 967 to 1,230, around 1,168. Momentum indicators now suggest that the market sentiment might decline even lower as the stochastic lies in oversold area and the MACD is falling below the trigger line. If the price manages to slip even lower, the next support could come from the [..]

Technical Analysis – Facebook slips near 50-day SMA; holds in narrow range in near term

Posted on March 19, 2019 at 2:12 pm GMT

Facebook stock price pulled back from the seven-month high of 174.29, registered on March 11, resting slightly above the 50-day simple moving average (SMA) and the 38.2% Fibonacci retracement level of the downleg from 218.44 to 123.30, around 160.00. The price has been developing within a narrow range after the jump above the 38.2% Fibonacci over the last one-and-a-half months. Technically, the stochastic is detecting downside momentum as it is approaching the oversold zone, while the MACD is losing momentum [..]

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