Indices / Page 24

Technical Analysis – JP 225 index plunges under MAs; negative risks linger

Posted on October 30, 2020 at 1:29 pm GMT

Japan 225 stock index (cash) has improved slightly from the one-month low of 22,874 despite unbroken negative forces. The intact negative bearing of the Ichimoku lines and the downward sloping simple moving averages (SMAs) are supporting further deterioration in the price. Moreover, the approaching bearish crossover of the 200-period SMA by the 50-period one may additionally boost negative price action. The short-term oscillators, although in negative territories, reflect the recent progress in the index. The MACD, deep in the negative [..]

Technical Analysis – GER 30 index exits neutral zone below 200-day SMA

Posted on October 28, 2020 at 11:11 am GMT

The German 30 index (cash) slumped below the 200-day SMA and towards June’s lows on Wednesday, terminating the range-bound trading that held above that line in the past four months. Expectations are for the index to lengthen its downward pattern off the 13,460 peak as the 20-day SMA is trying to further deviate below the 50-day SMA and the MACD is resuming negative momentum below zero. Yet, with the RSI and the Stochastics fluctuating within the oversold territory, some stabilization [..]

Technical Analysis – US 500 index turns slightly lower after pullback off 3,550

Posted on October 26, 2020 at 10:09 am GMT

The US 500 index has reversed back down after finding resistance at the 3,550 level. This top is just below the all-time high of 3,588.24 that was reached on September 1. The momentum indicators are pointing to a neutral to negative bias in the short term with the RSI just above 50 and the MACD oscillator falling beneath its trigger line in the positive territory. Further losses should see the 40-day simple moving average (SMA) at 3,408 acting as major support around [..]

Technical Analysis – US 100 index explores bullish breakout

Posted on October 23, 2020 at 12:06 pm GMT

The US 100 stock index (cash) resumed this week’s sideways move within the 11,619 and 11,743 boundaries, represented by the 61.8% and 50% Fibonacci levels of the rally that started from 11,212, despite briefly tumbling to a two-week low of 10,743. The 100-period simple moving average (SMA) on the four-hour chart is currently keeping the price under control, and more importantly, near the surface of the descending channel, suggesting that this could be a make or break point for the market. With [..]

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

Posted on October 22, 2020 at 2:37 pm GMT

Germany 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 – US 500 index safe and sound above trendline

Posted on October 19, 2020 at 9:37 am GMT

The US 500 stock index is trimming its latest downfall in the four-hour chart after landing again on the ascending trendline and near its 50-period simple moving average (SMA). Technically, the short-term bias is set to switch back to bullish as the price is trying to strengthen above its 20-period SMA, while the RSI and the MACD are also pushing efforts to gain momentum above their neutral levels. A decisive close above the 3,500 level followed by a run towards the 3,533-3,549 resistance region [..]

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 3:18 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 – US 500 index extends positive move; next target at all-time high

Posted on October 12, 2020 at 9:15 am GMT

The US 500 index has come under renewed buying interest, climbing above the 40-day simple moving average (SMA) following the rebound off the 3,200 support. The MACD and the RSI are heading slightly up, supporting the upside movement. The all-time high of 3,588.24 could be the next target, and if this gets violated, resistance could then develop around the 3,819 barrier, which is the 161.8% Fibonacci extension level of the down leg from 3,588.24 to 3,200. If sellers drive the index [..]

Technical Analysis – US 30 index bullish at 1-month highs

Posted on October 9, 2020 at 8:18 am GMT

The US 30 index is continuing its two-week-old rebound but with slower momentum, reaching one-month highs of 28,600 today. The short-term bias looks quite positive as the MACD is surpassing the trigger line, jumping in the positive area. The RSI, meanwhile, is flattening in the bullish territory, but it needs more progress for steeper inclines. The 29,210 resistance level could be a trigger point for more bullish actions, and if the index breaks the line, the all-time high of 29,582.61 would come next. Even higher, the market [..]

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