Stock Market News

Technical Analysis – Boeing stock tests key support near 2-month lows

Posted on March 14, 2019 at 1:23 pm GMT

Boeing saw its stock price opening with a gap down on Monday, near one-month lows, and its 20-period moving average in the four-hour chart slipping below the 50-period MA after four months. The latter could be an indication that the market may potentially extend the downtrend started from the record high of 445.08 earlier this month. Yet with the market currently testing a crucial resistance-turned-support level around the 50% Fibonacci of the upleg from 292.13 to 445.08 and the RSI [..]

Technical Analysis – Goldman Sachs stock bulls back above 50-day SMA; narrow range in near term

Posted on March 6, 2019 at 2:44 pm GMT

Goldman Sachs stock has been trading sideways since the bounce off the two-and-a-half-month low of 151.50 over the last couple of months. Also, this consolidation area of 189 – 203 holds above the 50-simple moving average (SMA) in the daily chart. According to the MACD, the market could maintain neutral momentum in the short-term as the indicator is flattening above its neutral zero line, though the RSI suggests that the market is dropping towards the negative area and therefore some weakness is [..]

Technical Analysis – Microsoft stock edges higher but outlook remains neutral to bearish

Posted on February 26, 2019 at 12:51 pm GMT

Microsoft stock price moved lower on Monday, after it hit a new an almost three-month high around 112.13. Looking at the momentum indicators, the RSI is still edging higher, slightly below the overbought zone, while the stochastic is rising and created a bullish crossover within the %K and %D lines in the positive zone above 80, signaling further gains. Also, the price is trading well above the Ichimoku cloud in the daily timeframe. In the event of further positive pressures, [..]

Technical Analysis – Tesla stock remains confined within a long-term range

Posted on February 22, 2019 at 2:08 pm GMT

Tesla’s stock has been trading within a wide sideways range – between 380.0 and 214.0 – since March 2017. The long-term outlook is therefore neutral, as is the short-term one, with the price oscillating between 324.0 and 280.0 for one month now. Looking at short-term momentum indicators, they paint a cautiously negative picture. The RSI seems headed for a test of its 30 zone, while the MACD has just crossed below its red trigger line. In case of another wave [..]

Technical Analysis – Apple stock surpasses 50-day SMA but stands within Ichimoku cloud

Posted on February 20, 2019 at 1:12 pm GMT

The Apple stock has rebounded on the multi-month low of 141.90 that was reached on January 3, surging above the strong 50-day simple moving average (SMA). The RSI and the MACD seem to be neutral with the former marginally sloping up above its 50 neutral mark and the latter flattening near the red trigger line. Also, the price stands inside the Ichimoku cloud and slightly below the red Tenkan-sen line in the daily timeframe. In case of a climb above the 175.00 resistance level and the 38.2% Fibonacci retracement [..]

Technical Analysis – Intel stock turns cautiously positive in short-term

Posted on February 15, 2019 at 1:03 pm GMT

Intel’s stock has been grinding higher in recent weeks and is now trading back above its 200-day simple moving average (SMA). Combined with the fact that price action since late October consists of higher lows, the short-term picture seems to have shifted to cautiously positive, from neutral previously. The notion is supported by short-term momentum oscillators as well, with the RSI being in positive territory and pointing up, and the MACD rising above its red trigger line. If the bulls [..]

Technical Analysis – PepsiCo stock hovers above MAs, modestly bullish in short-term

Posted on February 14, 2019 at 12:51 pm GMT

PepsiCo’s stock has been on an upward trajectory in recent months, recovering some of the losses it posted in late 2018. Recent price structure consists of higher lows, while the market is also trading above both its 50- and 200-day simple moving averages (SMAs), which keeps the medium-term outlook modestly positive. For the picture to shift to decisively positive, though, a new high above 121.80 is needed. Momentum oscillators paint a somewhat bullish picture as well, as the RSI is [..]

Technical Analysis – Coca Cola stock cautiously positive, eyes record highs

Posted on February 13, 2019 at 4:21 pm GMT

Coca Cola’s stock has been in recovery mode since late December, recently crossing back above its 50-day simple moving average (SMA). The medium-term picture currently seems cautiously positive, and for it to shift to clearly positive, it would require a decisive break above the all-time high of 50.74. Short-term oscillators support a somewhat positive outlook. The RSI is near its 70 zone, but seems to have flatlined, while the MACD remains firmly above its red trigger line. Further advances in [..]

Technical Analysis – Alcoa stock hovers below descending trend line with weak momentum

Posted on February 12, 2019 at 2:10 pm GMT

The Alcoa stock price dipped to a new two-year low of 24.98 on December 26 and it is currently hovering slightly above this level and below the 20-and 40-simple moving averages (SMAs) in the daily timeframe. The price remains below the medium-term descending trend line, which has been holding since April 19. However, technically, the RSI indicator keeps moving below the 50 level, while the %K line of the stochastic oscillator printed a bullish crossover with the %D line in the oversold zone, [..]

Technical analysis – Boeing stock breaks all-time high, uncharted waters ahead

Posted on February 6, 2019 at 2:32 pm GMT

Boeing’s stock touched a fresh all-time high of 410.5 on February 5, shifting the medium-term picture back to positive, from neutral earlier. The fact that price action is taking place firmly above both the 50- and 200-day simple moving averages (SMAs) amplifies this view. Looking at short-term momentum oscillators, both the RSI and MACD are painting a clearly positive picture. However, the fact that the RSI lies in overbought territory suggests some cause for caution in the immediate term. More [..]

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