Stock Market News

Technical Analysis – Google stock retreats sharply in near term; bullish outlook in long term

Posted on September 6, 2018 at 12:24 pm GMT

Google stock price has reversed to the downside, completing the fourth negative daily session in a row. The price slipped below the 50-day simple moving average (SMA) indicating that the bears could take the charge. Regarding to the technical indicators, the sharp downside movement has driven them lower. The RSI indicator has dropped below the 50 zone, while the MACD oscillator is struggling near the zero line in the daily timeframe. Currently, the price stands slightly above the 23.6% Fibonacci retracement level of the upleg from 900 to [..]

Stock Market News – Facebook, Twitter and Google Senate hearing on Russian meddling: a risk-event for tech stocks?

Posted on September 4, 2018 at 2:20 pm GMT

Executives from social media platforms Facebook and Twitter, as well as Google’s top lawyer will be testifying before Congress on Wednesday on Russian meddling in the 2016 US presidential election. Tech-heavy benchmarks tracking all-time highs recently may mean that worries for increased regulation within the tech space have taken the back seat. Still, such fears may come to the fore during tomorrow’s hearing, acting as a drag on stocks within the sector. Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey [..]

Technical Analysis – Facebook stock remains under pressure after negative gap

Posted on August 22, 2018 at 1:42 pm GMT

Facebook stock price stuck at more than three-month lows following the negative gap and the pullback on the all-time high of 218.44 on July 26. The price plunged below the 50- and 200-day simple moving averages (SMAs), indicating further bearish correction. Moreover, the RSI indicator continues to move with weak momentum below its neutral threshold of 50 and the MACD oscillator is set to drop back below its red signal line in negative terittory, both supporting that bearish momentum could stay in [..]

Stock Market News – Walmart releases quarterly earnings as it attempts to challenge Amazon’s e-dominance

Posted on August 14, 2018 at 12:42 pm GMT

Walmart’s earnings report for its fiscal second quarter will be hitting the markets before Thursday’s US market open. The consensus recommendation for the company is “buy”, which matches the average consensus recommendation for the Food Retail & Distribution peer group. The retail giant’s earnings per share (EPS) for the quarter ending in July are anticipated to stand at $1.22, according to Thomson Reuters consensus estimates; a figure which has remained unchanged over the past four weeks. If the firm’s bottom line matches [..]

Stock Market News – Disney eyed ahead of earnings report; stock’s all-time high within reach

Posted on August 7, 2018 at 2:05 pm GMT

Disney’s earnings report for its fiscal third quarter will be made public after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Broadcasting peer group. The media and entertainment conglomerate’s quarterly earnings per share (EPS) are anticipated to come in at $1.95, according to Thomson Reuters consensus estimates. Current projections are the result of a downward revision from $1.97 from four weeks ago, while if [..]

Stock Market News –Tesla’s quarterly report to halt slide in stock price?

Posted on July 31, 2018 at 2:24 pm GMT

Tesla’s earnings report for Q2 2018 will be going public after the US market close on Wednesday. The consensus recommendation for the company is “hold”, which negatively compares to the average consensus recommendation of the Auto & Truck Manufactures peer group. The electric-vehicle maker’s earnings per share are anticipated to stand at -$2.89 during the quarter ending in June, according to Thomson Reuters consensus estimates; in other words, the firm is expected to record a loss. Current projections reflect a [..]

Technical Analysis – Tesla stock in neutral outlook; unable to jump above SMAs

Posted on July 31, 2018 at 2:17 pm GMT

Tesla stock has lacked clear directional movement over the past month. However, it is worth mentioning that the 50-day simple moving average (SMA) is ready for a bullish crossover with the 200-day SMA, indicating bullish pressure. The technical indicators, in the short term, seem to be in confusion as the RSI indicator is sloping slightly to the upside in the negative territory, however, the MACD oscillator is strengthening its negative momentum below the zero line. If prices continue to head lower, support should come from [..]

Stock Market News – Apple releases quarterly results as it flirts with $1 trillion valuation

Posted on July 30, 2018 at 3:08 pm GMT

Apple’s earnings report for its fiscal third quarter is due after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which matches the average consensus recommendation of the Phones and Handheld Devices peer group. Thomson Reuters consensus estimates are putting the iPhone maker’s quarterly earnings per share (EPS) at $2.18, this being a projection which has remained unchanged over the last four weeks. Should the expected EPS figure be delivered, it would reflect an increase [..]

Technical Analysis – Apple stock steepens declines in upward sloping channel

Posted on July 30, 2018 at 1:03 pm GMT

Apple stock prices declined considerably on Friday after they found a strong resistance obstacle on the all-time high of 195.88. In addition, the stock has been developing within an upward sloping channel since November 2016. The technical picture supports that the bound is likely to continue in the short-term. Looking at momentum indicators, the RSI is heading south slightly above it neutral threshold of 50, suggesting that the market could keep moving lower in the near term. MACD also supports this view in the positive territory but is [..]

Technical Analysis – Twitter stock stands within negatively aligned channel in near term

Posted on July 27, 2018 at 9:04 am GMT

Twitter stock has declined considerably after it touched a more than three-year high of 47.76 on June 15 and has been developing within a downward sloping channel since then. Additionally, over the previous couple of sessions, the price dipped below the 20- and 40-simple moving averages (SMAs) in the 4-hour chart but is currently trading near the 23.6% Fibonacci retracement level of the upleg from 26.90 to 47.76, around 42.85. Technically, the momentum indicators are supporting the slightly positive momentum. Specifically, [..]

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