Stock Market News

Technical Analysis – JP 225 index gains some traction above SMAs

Posted on August 12, 2020 at 3:08 pm GMT

Japan 225 stock index (Cash) is currently trailing the upper Bollinger band and has broken above the 23,172 high. The latest climb from 22,665 is acquiring positive ground after passing recent highs, something also suggested by the short-term oscillators. The MACD, some distance in the positive region, is strengthening above its red trigger line, while the upward sloping RSI ascends back above the 70 mark. Additionally, should the 50-period simple moving average (SMA) complete a bullish crossover of the horizontally [..]

Technical Analysis – GER 30 index denied further advances above MAs

Posted on August 11, 2020 at 3:22 pm GMT

Germany 30 index (Cash) was deprived of additional gains after the index shot above the 100-period simple moving average (SMA), escaping a region where the SMAs had converged. The price appears to have retreated from a limiting level in-line with the upper surface of the Ichimoku cloud around 13,047. Looking at the relatively flattened SMAs, they too reflect the short-term neutral mode that the price has adopted, despite the sudden strength in the index. The Ichimoku lines have stalled their [..]

Technical Analysis – US 500 index preserves positive objectives

Posted on August 10, 2020 at 9:34 am GMT

US 500 stock index (Cash) seems to be aiming its course towards unfamiliar territory above the all-time high of 3,396.64. The price has been steadily heading higher after finding traction again at the 100-period simple moving average (SMA) and the Ichimoku cloud in previous sessions. Aiding this progression from the 2,995 level are the advancing Ichimoku lines and the positive bearing in the SMAs. That said, the index’s positive momentum has weakened slightly as suggested in the short-term oscillators. The [..]

Technical Analysis – US 30 index stalls positive push above 200-SMA

Posted on August 7, 2020 at 12:46 pm GMT

US 30 stock index (Cash) recently thrusted above the 26,880 level, that being the 76.4% Fibonacci retracement of the down leg from 29,582 to 18,170, after finding some traction from the 200-day SMA at 26,295. The index’s positive momentum has slowed slightly as reflected in the short-term oscillators. The MACD, holding relatively steady in the positive region, has barely moved above its red trigger line, while the RSI has reversed ahead of the 70 mark. Furthermore, the Stochastics are located [..]

Technical Analysis – US 500 index struggles to maintain positive picture around 5-month high

Posted on August 3, 2020 at 12:51 pm GMT

US 500 index (Cash) is encountering strong resistance around the recent five-month high of 3,292.24. The price appears to have somewhat stalled for now, something also suggested by the flattened Ichimoku lines. The short-term oscillators further reflect the pause in positive momentum. The MACD, in the positive region, continues to float just below its horizontal red trigger line while the RSI is holding in bullish territory. Additionally, the stochastic lines are rising in overbought territory, the RSI is pointing slightly [..]

Technical Analysis – US 500 index’s positive picture struggles around 5-month high

Posted on August 3, 2020 at 12:23 pm GMT

Amazon.com may have had another great quarter in Q2 – Stock Market News

Posted on July 30, 2020 at 4:24 pm GMT

Every company wishes for a blessing like Amazon.com received from the Covid-19 crisis, and the second quarter earnings results due on Thursday after the market close could further justify this view. The e-commerce giant is expected to show stronger financial results, with analysts maintaining their “buy” recommendation and raising the median share price target to $3,300. Amazon could benefit during unusual times The virus crisis changed people’s habits in ways that no one could do in a short period of time. Usually, under normal conditions, companies observe consumers’ [..]

Technical Analysis – Alphabet (Google) stock endorses positive picture beneath multi-year peak

Posted on July 30, 2020 at 1:37 pm GMT

Alphabet’s (Google) stock price has reversed from the multi-year high of 1,579.30, finding strong support at the 1,483 level where the Ichimoku cloud is currently holding. Positive sentiment appears to be reviving after the bounce on the supportive trend line pulled from the March 23 low of 1,009. Further backing this short-term view are the upward slopes of the 50- and 100-day simple moving averages (SMAs). The RSI, in the positive area, is pointing north above the neutral threshold of 50, while the stochastic [..]

Google’s Alphabet likely to take pandemic hit to ad revenue as stock lags tech sector – Stock Market News

Posted on July 29, 2020 at 5:06 pm GMT

Google parent, Alphabet Inc., is expected to announce a drop in second quarter revenue when it publishes its earnings results on Thursday after the market close. The slump in online advertising brought on by the coronavirus pandemic probably dealt a blow to Alphabet’s largest revenue stream in Q2. But with the Company continuing its efforts to diversify its business, an earnings beat is possible, potentially boosting the stock, which has lagged its peers in the tech rally. Alphabet trails other [..]

Facebook features Q2 earnings, a court case, and Ad boycott – Stock Market News

Posted on July 29, 2020 at 2:07 pm GMT

Facebook Inc. rescheduled its Q2 earnings release and conference call for Thursday after the market close, joining other high-profile tech companies which will be reporting financial results on the same day. The event will follow Zuckerberg’s testimony before the House Judiciary Committee on Wednesday and is expected to reveal a weaker quarter for the social media giant. Despite that and the advertising boycott news, recommendations by Refinitiv analysts is to “buy” the stock. Q2 earnings could slow at a softer pace Facebook came up with [..]

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