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Technical Analysis – JP 225 index dives to 15-month low; tests bearish channel

Posted on February 24, 2022 at 10:42 am GMT

Japan’s 225 stock index (cash) joined the Ukrainian-led global stock sell-off on Thursday, though less forcefully, with the price currently fighting to stay within the bearish channel despite its flash drop to a 15-month low of 25,557 earlier in the day. The RSI and the Stochastics are signaling oversold conditions, but until the indicators start to show clear signs of improvement, the bears may keep leading the market with scope to reach the nearby support region of 25,300 from November 2020. If the [..]

Technical Analysis – GER 40 index starts a bearish trend reversal

Posted on February 22, 2022 at 8:11 am GMT

The German 40 index (cash) plunged below the key floor of 14,814 on Monday, violating the almost one-year-old range-bound trading and activating a bearish double top pattern. The negative crosses between the simple moving averages (SMAs) are also signaling a trend reversal. The index is currently trading at an almost one-year low of 14,336 and the momentum indicators provide little hope that sentiment could flip. Although the RSI and the Stochastics are close to their oversold levels, suggesting the bearish [..]

Technical Analysis – US 500 index surrounded by bearish technicals

Posted on February 21, 2022 at 10:33 am GMT

The US 500 stock index (cash) faced a tough wall near its 20- and 200-day simple moving averages (SMAs) last week, which negatively crossed each other for the first time since March 2020, raising worries the pullback from the record high of 4,808 could gain extra legs. Structurally, the index sustains a neutral outlook as the latest sell-off has not successfully violated the key low of 4, 270 from September 30 despite the flash drop to 4,221 at the end of [..]

Technical Analysis – US 30 index halts decline but outlook remains bearish

Posted on February 18, 2022 at 8:36 am GMT

The US 30 stock index (cash) has been experiencing a short-term pullback since the price peaked at the 35,860 region last week. Although the index managed to cease its dive in the last few four-hour sessions, it hasn’t recouped any of its losses yet as the positive momentum seems unable to strengthen further. The momentum indicators are endorsing a cautiously positive near-term bias. The stochastic oscillator is sloping upwards after posting a bullish crossover, while the MACD histogram is found below both zero [..]

Technical Analysis – US 500 battles with 200-SMA as bias turns cautiously bullish

Posted on February 17, 2022 at 8:56 am GMT

The US 500 stock index (cash) has been in a recovery mode since its short-term decline halted at the seven-month low of 4,220. Although the index’s upside move experienced a minor pullback, the near-term picture seems to be improving and the price is currently pivoting near its 200-day simple moving average (SMA). The momentum indicators further confirm that bullish forces have re-emerged. The stochastic oscillator is sloping upwards after posting a bullish cross, while the MACD histogram is found above [..]

Technical Analysis – US 30 index gains kept buoyant by flat 200-MA

Posted on February 10, 2022 at 3:48 pm GMT

The US 30 stock index (Cash) has managed to hold above the 200-period simple moving average (SMA) after today’s downside move was rejected by the mid-Bollinger band at 35,463. The 100-period SMA has started to build a minor positive incline, while the soaring 50-period SMA is looking for a bullish crossover of the horizontal 200-period SMA as well. This would signal that the bullish trend that evolved around the end of January could develop further. The short-term oscillators suggest the latest pullback [..]

Technical Analysis – US 100 index rangebound but downside risks remain

Posted on February 8, 2022 at 10:37 am GMT

The US 100 stock index (cash) has been experiencing a minor pullback after its recent short-term rebound failed to strengthen. However, in the last few four-hour sessions, the price is moving without a clear direction, pivoting near its 50-period simple moving average (SMA). The momentum indicators suggest that near-term risks are tilted to the downside. The RSI is flatlining in the negative zone, while the MACD histogram is found below both zero and its red signal line. Should the bearish forces [..]

Technical Analysis – US 500 index’s gains curbed by downtrend line and 200-MA

Posted on February 7, 2022 at 11:20 am GMT

The US 500 stock index (Cash) is currently consolidating in the vicinity of the 100-period simple moving average (SMA) after the recent retreat in the price bounced off the 50-period SMA. The longer-term 100- and 200-period SMAs have yet to indicate that the bearish trend has faded. However, the rising 50-period SMA is advertising a bullish crossover of the 100-period SMA, which if achieved would suggest upside pressures are gaining some ground. The short-term oscillators are reflecting the minor negative [..]

Technical Analysis – GER 40 index pares January’s losses; bearish double top intact

Posted on February 2, 2022 at 8:21 am GMT

The German 40 index (cash) has been on the rise since the rotation just above the 14,814 base early last week, with the price currently pushing for a close above its simple moving averages (SMAs) around 15,700. The latest upturn in the RSI and the positive momentum in the MACD are endorsing the ongoing bullish action in the price, though some caution is still warranted as the former has yet to clearly cross above its 50 neutral mark. In addition, [..]

Technical Analysis – US 500 index advances above 200-day SMA again

Posted on February 1, 2022 at 1:48 pm GMT

The US 500 stock index (cash) has rebounded after falling to a seven-month low of 4,210 on January 24 and momentum indicators now suggest that the market sentiment might get better as the RSI is reversing back to the upside after falling to an oversold level. The MACD also looks to be changing direction, moving up to meet its trigger line in a negative zone. Should bullish dynamics dominate, the market might revisit the 20- and then the 40-day simple [..]

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