Stock Market News

Technical Analysis – Netflix stock price rises following bounce off 9-month low

Posted on November 21, 2018 at 1:02 pm GMT

Netflix’s stock price registered a fresh nine-month low near 255.00 on Tuesday after the 50- and 200-simple moving averages posted a death cross in the aftermath of significant losses in the stock. Technically, the stock is looking bearish in the short term. Attesting to this, the RSI has been declining overall towards the oversold zone, while the MACD oscillator dropped below the trigger line and is strengthening its downward momentum in the daily timeframe. More declines could turn traders’ attention until the 235.00 support level, identified by [..]

Technical Analysis – Amazon stock recovers from seven-month lows, but still bearish

Posted on November 16, 2018 at 12:22 pm GMT

Amazon’s stock price rebounded after touching a seven-month low on October 30, but continues to trade below its 200-day simple moving average (SMA). Additionally, the price structure on the daily chart consists of lower highs and lower lows. Combined, these imply the outlook remains bearish in both the short- and medium-terms. Momentum oscillators are hovering in negative territory, enhancing the argument. The RSI is already below 50, but is sloping up, while the MACD seems ready to challenge its red [..]

Technical Analysis – Apple stock loses momentum and dips below uptrend line

Posted on November 15, 2018 at 2:27 pm GMT

The Apple stock price tumbled below the rising trend line, which has been standing since February 9, achieving a new four-month low of 185.83. The price has lost momentum aggressively over the last couple of days as it dropped below the 200-day simple moving average (SMA), while the technical indicators are endorsing the recent view. The RSI is approaching the oversold zone and the MACD is strengthening its negative momentum below the trigger line. Further declines could find immediate support at the [..]

Technical Analysis – Alcoa stock rise a bit above 16-month bottom; bearish outlook in medium-term

Posted on November 15, 2018 at 1:50 pm GMT

The Alcoa stock price dipped to a new 16-month low of 33.00 on October 26 and it is currently hovering slightly above this level. The price remains below the medium-term descending trend line, which has been holding since April 19 within a narrow range. Technically, the RSI indicator is pointing slightly to the upside below the 50 level, while the %K line of the stochastic oscillator printed a bullish crossover with the %D line in the oversold zone, suggesting some gains. In case [..]

Nasdaq back in correction territory as tech stocks under pressure again – Index News

Posted on November 14, 2018 at 4:29 pm GMT

The Nasdaq 100 index slipped back into correction territory on Monday as fears of slower iPhone sales hurt Apple shares, which in turn weighed on the wider technology sector. The latest sell-off has cut short the Nasdaq’s recovery from October’s 6-month lows and raised questions about the outlook for tech stocks going into 2019. Up until the latest rout to hit the US stock market, the tech-heavy Nasdaq had been outperforming the other major indices on Wall Street by a [..]

Technical Analysis – Apple stock holds below 50-day SMA; bearish correction mode in short-term

Posted on November 1, 2018 at 2:37 pm GMT

The Apple stock price turned lower after the pullback on the all-time high of 233.50 and has been developing below the 50-day simple moving average (SMA) since the middle of the preceding week, painting a bearish picture in the short-term. The RSI is flattening near the neutral threshold of 50, while the MACD oscillator is ready for a bullish crossover with the trigger line in the negative zone. Further declines could find immediate support at the 23.6% Fibonacci retracement level [..]

Stock Market News – Apple reports earnings, with markets eyeing impact of US-China trade row

Posted on October 31, 2018 at 1:40 pm GMT

Apple will release its earnings report for its fourth fiscal quarter on Thursday, after the US market close. Besides earnings and revenues, investors will also scrutinize the guidance by management for any updates on the expected sales of the new iPhone line, as well as to what extent the US-China trade conflict is projected to impact the firm’s supply chain and demand for its products in China. The world’s largest company by market capitalization is expected to report earnings per [..]

Technical Analysis – Amazon stock posts limited losses in strong bullish view

Posted on September 17, 2018 at 1:36 pm GMT

Amazon’s stock price recorded a stunning rally over the last year without a significant bearish correction. The price continues the bullish tendency as it is still trading above the ascending trend line and the moving averages in the daily timeframe. However, looking at the momentum indicators, the RSI is moving lower in the positive territory, while the MACD oscillator slipped below the red trigger line, both signaling that upside speed is losing some steam. In the case of more bullish moves, the market could meet resistance at [..]

Stock Market News – Apple in the crosshairs of a trade war: will it take a major hit?

Posted on September 12, 2018 at 2:39 pm GMT

Apple’s stock is trading 2.5% lower from a record high of $229.67 touched on September 5. The major catalyst behind the recent fall are growing concerns the company will take a hit on the back of rising prospects for a full-blown trade war between the US and China, given that a considerable part of the firm’s supply mechanism is China-based. The US imposes tariffs on China and the latter’s economy suffers as a result, right? Yes and no, or at [..]

Technical Analysis – Apple stock continues climbing higher in long-term view

Posted on September 12, 2018 at 1:15 pm GMT

Apple stock advanced considerably on Tuesday after six consecutive bearish days, maintaining its positive outlook. In the short-term, the price has been developing within an upward pattern since April 27 with the technical indicators confirming the recent bullish structure. The RSI has turned positive after the drop below the overbought zone but remains in the positive zone, while the stochastic oscillator is also pointing up. On the upside, the price could attempt to overcome the all-time high of 229.10 resistance level, achieved on [..]

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