Indices / Page 19

Technical Analysis – JP 225 index tries to shake bigger bullish bias

Posted on February 26, 2021 at 1:39 pm GMT

The Japan 225 stock index (Cash) recently dwindled from its new multi-decade high that was overall in-line with the 30,645 level, which happens to be the 176.4% Fibonacci extension of the down leg from 24,036 to the multi-year low of 15,384. The Ichimoku lines are reflecting a clear waning in positive sentiment but the pullback seems to be unable to jolt the ascent, as it has hit a snag around the region of 28,849-29,177. Furthermore, the soaring simple moving averages [..]

Technical Analysis – US 30 index posts all-time high above 32,000

Posted on February 25, 2021 at 1:33 pm GMT

The US 30 index (Cash) surged to a fresh all-time high above the 32,000 handle, remaining above the short-term simple moving averages (SMAs). The price rebounded off the long-term ascending trend line at 29,642 driving the price even higher, with the technical indicators confirming this bullish spike in the daily timeframe. Technically, the RSI is trying to overcome the 70 level to enter the overbought region, while the %K line of the stochastic oscillator advances above the 80 region, with the %D [..]

Technical Analysis – US 100 index suffers brutal correction, but uptrend intact

Posted on February 23, 2021 at 4:00 pm GMT

The US 100 index (Cash) has taken heavy fire over the past week, retreating very sharply after touching a record high of 13,904 in mid-February. The speed of the drop has accelerated in the last couple of sessions, but on the bright side, the price structure of higher highs and higher lows has not been violated, keeping the broader uptrend in play. The short-term oscillators reflect the latest correction. The RSI has crossed below the neutral 50 barrier and looks [..]

Technical Analysis – US 500 index tumbles around 20-day SMA; indicators suggest correction

Posted on February 23, 2021 at 1:33 pm GMT

The US 500 index (Cash) is retreating from the record high of 3,963.58, flirting with the 20-day simple moving average (SMA) again, which is acting as a strong support for the bulls. The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line and the RSI is heading towards the 50 level. Further losses could take the index towards the 50-day SMA currently at 3,800 before slipping into the Ichimoku cloud around the [..]

Technical Analysis – US 30 index fails to jump to new record high

Posted on February 19, 2021 at 10:45 am GMT

The US 30 stock index (Cash) rebounded off the 29,642 support level, however, the current market reaction is flat around the record high of 31,718.90. The technical indicators are suggesting contradicting signals. The RSI is moving marginally higher in the positive area, while the stochastic is falling from the overbought zone. An extension beyond the all-time peak of 31,718.90 could take the index in uncharted levels towards the next psychological marks such as 32,000 and 33,000. However, a sell-off below the [..]

Technical Analysis – JP 225 index spots a potential pivot point on the downside

Posted on February 18, 2021 at 4:13 pm GMT

Japan’s 225 stock index (cash) corrected below its 20-period simple moving average (SMA) in the four-hour chart after the dynamic bullish wave got exhausted near a more than a 30-year high of 30,711 last week. Although the RSI and the MACD continue to track the ongoing downward move, the Fibonacci retracement levels of the 27,578 – 30,711 up-leg seem to be well synced with previous pivot areas, increasing speculation that the index could change direction near the 23.6% Fibonacci level [..]

What’s behind the mania in stocks? – Special Report

Posted on February 16, 2021 at 11:46 am GMT

There’s something different about this booming stock market, especially when one looks at all the madness under the hood in small-cap and penny stocks. Several reasons have been floated to explain this phenomenon, from cheap money policies to massive government spending to the rise of small investors. It looks like a bubble, but the thing about bubbles is that they can last longer than anyone thinks possible. The only game in town The equity market has staged an epic comeback [..]

Technical Analysis – US 30 index consolidates around all-time high

Posted on February 11, 2021 at 3:46 pm GMT

The US 30 stock index (Cash) has stalled around its all-time high of 31,543 after its latest impressive rally from the 29,659 trough. The flattening Ichimoku lines are reflecting the stalling in the ascent, while the soaring 50-period simple moving average (SMA) and its recent bullish crossovers of the climbing 100- and 200-period SMAs is promoting additional price gains into uncharted waters. The short-term oscillators are reflecting mixed signals in directional momentum. The MACD, in the positive region, is weakening [..]

Technical Analysis – US 500 index favours upside despite minor dwindling

Posted on February 8, 2021 at 1:03 pm GMT

The US 500 index (Cash) seems to be faintly stalling above the red Tenkan-sen line around 3,890, after touching a fresh all-time-high of 3,907. Nevertheless, the Ichimoku lines are retaining a bullish tone despite the marginal pausing in the blue Kijun-sen line, while the upwards creeping simple moving averages (SMAs) are nourishing improvements in the price. Yet, for negative pressures to gain strength, the index would need to retract below the 3,814 level, which happens to be the 38.2% Fibonacci [..]

Technical Analysis – US 30 index completes bullish run near record high

Posted on February 5, 2021 at 7:53 am GMT

The US 30 index (Cash) rebounded off the 29,642 support level, posting four straight positive days and climbing above the 20- and 40-day simple moving averages (SMAs). The price is moving towards the record high of 31,284, while the technical indicators are confirming the upside tendency. The RSI is standing in the positive region, while the stochastic is holding in the overbought area, indicating a possible downside retracement. An extension beyond the all-time peak of 31,284 could take the index [..]

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