Stock Market News

Technical Analysis – GER 30 index recovers a little; negative risks remain

Posted on October 22, 2020 at 2:38 pm GMT

GER 30 stock index (Cash) looks to be fading further despite recently finding footing at the 12,339 level. Painting a deteriorating picture are the negatively charged Ichimoku lines, one of which has capped additional progress from the price bounce. Furthermore, the bearish tone of the simple moving averages (SMAs), and specifically the downwards overlap of the 100-period SMA by the 50-period one, may accelerate the decline. The short-term oscillators display the recent price gains but also consider a stall in [..]

Technical Analysis – Tesla stock loses steam in short term; strongly bullish in long term

Posted on October 21, 2020 at 8:15 am GMT

Tesla stock price has declined after touching the 466.12 resistance level, edging towards the 50-day simple moving average (SMA), failing to improve the bullish picture in the long term. The stochastic oscillator entered the oversold zone, while the RSI indicator is sloping south, meeting the neutral threshold of 50. The next immediate support is coming from the 23.6% Fibonacci retracement level of the upward wave from 69.52 to 502.55 at 398.64, which is also within the Ichimoku cloud. Beneath this [..]

Notes to keep ahead of Netflix’s earnings release – Stock Market News

Posted on October 20, 2020 at 3:18 pm GMT

Netflix is releasing its third-quarter earnings after the stock market close on Tuesday. The famous streamer got a boon from the coronavirus situation, with its shares topping at a fresh record high in July, but as we head towards the end of 2020 and competition increases, investors would like to learn if the company can maintain its outstanding performance in the coming quarters. The consensus recommendation tracked by Refinitiv is “buy” the stock. EPS to hit a record high Netflix’s [..]

Tesla earnings: A case of asymmetric risks – Stock Market News

Posted on October 19, 2020 at 2:51 pm GMT

The world’s largest carmaker by market capitalization will report its quarterly results on Wednesday, after Wall Street’s closing bell. The company’s shares have risen by a meteoric 430% this year alone, so the stakes are high. Overall, the stock has been priced for perfection, with the current valuation implying stellar growth over the next decade. This leaves little room for substantial upside from here, but plenty of downside in case anything challenges this rosy narrative. On a rampage How quickly [..]

Technical Analysis – US 30 index struggles at mid-Bollinger band; positive signals grow

Posted on October 16, 2020 at 12:42 pm GMT

US 30 stock index (Cash) after having pushed above the 50-period simple moving average (SMA) is now confronting the mid Bollinger band at the 28,600 barrier. The index appears to be regaining strength after a pivot back up from the 28,156 mark. The rising slopes of the 50- and 100-period SMAs and the recent bullish crossover of the 200-period SMA by the 100-period one may boost the short-term uptrend. The short-term oscillators also reflect increasing positive momentum. The MACD, slightly [..]

Earnings season kicks off with big US banks – Stock Market News

Posted on October 13, 2020 at 3:21 pm GMT

The third-quarter earnings season is finally here, with a horde of major US banks releasing their results this week. Bank of America, Goldman Sachs, and Wells Fargo will all report on Wednesday before Wall Street’s opening bell, and their numbers will give us a sense of not just how the financial sector is doing, but also how the US consumer is faring. Overall, a lot of gloom has been priced into the banking industry, which in some cases may present [..]

Technical Analysis – JP 225 index continues to edge sideways; sentiment remains weak

Posted on September 24, 2020 at 3:38 pm GMT

Japan 225 stock index (cash) has maintained a relatively horizontal structure despite weakening below all its simple moving averages (SMAs). The 50-period SMA is in the process of completing a bearish crossover of the 100-period SMA, while all SMAs are somewhat converging. The short-term oscillators also reflect a state of weakened directional momentum. The MACD is barely in the negative region and below its red trigger line, while the RSI hovers beneath the 50 threshold. That said, should the price [..]

Technical Analysis – JP 225 index continues edging sideways; sentiment remains weak

Posted on September 24, 2020 at 3:22 pm GMT

Japan 225 stock index (Cash) in spite of weakening below all simple moving averages (SMAs) has maintained a relatively horizontal nature. The 50-period SMA is in the process of completing a bearish crossover of the 100-period SMA, while all SMAs are somewhat converging. The short-term oscillators also reflect a state of weakened directional momentum. The MACD is barely in the negative region and below its red trigger line, while the RSI hovers beneath the 50 threshold. That said, should the [..]

Technical Analysis – Boeing stock testing crucial support region

Posted on September 23, 2020 at 1:42 pm GMT

Boeing’s shares have been grinding lower since June, albeit in a slow and controlled manner. The short-term price structure looks cautiously negative, as the stock has been printing lower highs and is trading beneath its 50- and 200-period simple moving averages (SMAs) on the four-hour chart, which seem ready to post a ‘death cross’. The silver lining is that there hasn’t been a lower low, as the 153.0 support zone has held strong so far. Short-term oscillators reflect this mildly [..]

Technical Analysis – Tesla’s stock poised for more recovery ahead of battery event

Posted on September 22, 2020 at 1:43 pm GMT

Tesla’s stock has been nicely recovering the downfall that followed the company’s stock split in late August, crawling above the Ichimoku cloud in the four-hour chart and back into the 400 territory. Today’s battery event in California is expected to bring exciting news according to the CEO Elon Musk and questions are rising about whether the stock can rally towards its recent record high of 501.50. From a technical perspective, the short-term bias is viewed as positive, reflected by the [..]

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