Stock Market News

Technical Analysis – Japan 225 index builds base around 2-month high; rebounds on long-term uptrend line

Posted on April 27, 2018 at 11:41 am GMT

Japan 225 index has advanced considerably since roughly the end of March, hitting a two-month high of 22526 during Friday’s trading. Price action at the moment is taking place not far below this peak. In a longer-timeframe, the index has been developing in an uptrend since June 2016 and this week it surpassed the 20-week simple moving average. In the near term, a fresh upside push is possible with prices looking to post a third straight session of gains today. The RSI indicator appears [..]

Technical Analysis – Exxon Mobil holds in bullish retracement mode; SMAs endorse uptrend

Posted on April 26, 2018 at 1:32 pm GMT

Exxon Mobil stock price has been creating a bullish correction movement after it touched a more than two-year low of 72.10 in early April. Prices broke above the 38.2% Fibonacci retracement level near 78.64 of the downleg from 89.20 to 72.10 and are trading above their simple moving averages in the daily timeframe. The bullish picture is further supported by the technical indicators. In the daily timeframe, the RSI indicator is sloping to the upside in the positive territory, while the MACD [..]

Stock Market News – Facebook eyed ahead of quarterly earnings report; rising yields a consideration for investors

Posted on April 25, 2018 at 2:43 pm GMT

Social networking giant Facebook is scheduled to release its earnings report for the first quarter of the year after Wednesday’s US market close. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Online Services peer group. This is the first report by the firm after the Cambridge Analytica scandal, something which might bring it under more scrutiny by the investor community than would otherwise have been the case. Facebook’s Q1 2018 earnings [..]

Technical Analysis – Time Warner still consolidating; unable to break above 97.50 key level

Posted on April 25, 2018 at 1:12 pm GMT

Time Warner has been consolidating since November 2017 and has been stuck in a channel tilted to the upside. The positive picture in the medium term is at risk of becoming neutral after prices failed to break the 97.50 resistance level several times in the past. In the daily timeframe, the RSI indicator is sloping down at the 50-neutral level, suggesting a neutral picture in the short term. However, the possibility of an upside reversal in the near term is [..]

Stock Market News – Boeing’s quarterly earnings report due amid raft of corporate releases

Posted on April 24, 2018 at 1:47 pm GMT

Plane-maker Boeing will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for Aerospace & Defense, its peer group. The Chicago-headquartered firm is forecast to have made $2.58 in earnings per share (EPS) during the first quarter of the year according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current expectations represent an [..]

Technical Analysis – Ebay stock retreats after touching 43.00 key level; bullish in long-term

Posted on April 24, 2018 at 12:25 pm GMT

Ebay stock price has been retreating in the past two trading days following the strong pullback on the 43.00 handle on Friday. When looking at the bigger picture the price has been trading higher since June 2016 after its rally from 22.29 support level. In the weekly timeframe, the 50-simple moving average (SMA) is ready for a bullish cross with the 200-SMA, signaling further gains. Turning our attention in the daily timeframe, the price touched the 40-SMA, which is acting as strong support [..]

Stock Market News – Alphabet in focus ahead of quarterly earnings report

Posted on April 23, 2018 at 2:22 pm GMT

Tech giant and Google-parent Alphabet is scheduled to release its earnings report for Q1 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, the same as the average consensus recommendation for the Online Services peer group. Alphabet’s quarterly earnings per share (EPS) are anticipated to come in at $9.28 according to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current expectations reflect a downward revision from $9.33 [..]

Technical Analysis – Verizon stock remains under pressure; could weaken further in short-term

Posted on April 23, 2018 at 1:06 pm GMT

Verizon stock is looking more neutral to bearish in the near term as prices have slipped and have remained below the 49.20 strong resistance level since February 20. Although prices have found support from the 20- and 40-day simple moving averages the upside momentum appears to have run out of steam as prices have been attempting and failing to close above the aforementioned resistance barrier. The bearish bias is also supported by the RSI indicator, which has been hovering slightly below the 50-neutral [..]

Technical Analysis – Google stock jumps above 40-day SMA; endorses bullish scenario again

Posted on April 20, 2018 at 9:13 am GMT

Google stock price edged higher over yesterday’s session, jumping above the 40-day simple moving average (SMA). The price rebounded on the 980.00 support level, which overlaps with the long-term ascending trend line, which has been standing since June 2015.The short-term momentum indicators are confirming the recent bullish bias. In the daily timeframe, from the technical point of view, the stochastic oscillator records an aggressive bullish movement and entered the overbought zone, while the MACD oscillator is moving towards the positive area. [..]

Technical Analysis – General Electric stock strongly bearish; looking oversold

Posted on April 19, 2018 at 1:20 pm GMT

General Electric stock price is trying to snap the 13 losing sessions in a row it recorded in the monthly chart, while the price is currently trading slightly to the upside. The aggressive bearish rally started after the pullback on the 30.50 resistance level, driving the price towards the 12.70 low in the previous month. Moreover, the price is holding within the narrow Bollinger band in the daily timeframe, while it touched the upper boundary in the last few hours, failing to move higher. [..]

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