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Technical Analysis – German 30 stock index struggles below 12480; death cross within 50 and 200 SMAs created

Posted on March 20, 2018 at 2:25 pm GMT

The German 30 stock has been moving below the 12480 strong resistance level after the strong sell-off at the end of the previous month. The critical death cross between the 50 and 200 medium-term simple moving averages (SMAs) indicating significant selling interest. Looking at the daily timeframe, the RSI indicator holds below the 50 level and is flattening. However, the stochastic oscillator posted a downward crossover within the %K and %D while is approaching the 20 level. Further losses should see [..]

Nasdaq outperforms as trade concerns keep the Dow down – Index News

Posted on March 16, 2018 at 2:45 pm GMT

Major US stock market indices have performed very differently in recent days. The Nasdaq recovered all its losses to reach fresh all-time highs, but the Dow Jones is still negative in March. The divergence may be owed to the fact that industrial firms stand to lose more than technology companies in a “trade war” scenario, and if trade tensions escalate further, the Nasdaq could well remain the top performer out of the US benchmarks. Taking a look at the recent [..]

Technical Analysis – US 30 index trades in symmetrical triangle; weak bias in near term

Posted on March 16, 2018 at 12:52 pm GMT

The US 30 index has been developing within a symmetrical triangle since January 29 in the 4-hour chart as it failed several times to create higher highs and lower lows. The prices completed numerous days with weak momentum and are trading slightly above the lower boundary of the triangle. Support was met around the 24665 region, forcing the index to turn to the upside. The neutral bias in the near term is supported by the deterioration in the momentum indicators. The MACD [..]

Technical Analysis – US 100 index hits fresh record high; looking bullish in the medium-term

Posted on March 13, 2018 at 3:33 pm GMT

The US 100 index has advanced considerably, managing to finish higher in the seven preceding trading days after recording a one-month low of 6,641.85 on March 2. Earlier on Tuesday, it hit a fresh all-time high of 7,185.15. The RSI has been rising lately, projecting a bullish picture in the short-term. However – and turning to the stochastics – the %K line has just crossed below the slow %D line. This might constitute an early indication for declines in the [..]

Technical Analysis – Japan 225 stock index builds base around 200-SMA; neutral in short-term

Posted on March 8, 2018 at 3:36 pm GMT

Since its deep fall towards four-month lows in early February, the Japan 225 stock has been going back and forth below the 50% Fibonacci retracement of its long way down from 24191 to 20547, creating a base around the 200-day simple moving average line (SMA). The technical picture supports that the range bound is likely to continue in the short-term. Looking at momentum indicators, the RSI is lacking direction slightly below it neutral threshold of 50, suggesting that the market could [..]

Technical Analysis – EU 50 Stock Index looking increasingly bearish below moving averages

Posted on March 5, 2018 at 4:12 pm GMT

The EU 50 stock index remains stuck in bearish territory as the recent upswing failed to lift the price above its moving averages. The index has now turned lower again after the rebound was halted at the 50% Fibonacci retracement of the downleg from 3688.70 to 3258.70, and is heading towards February’s one-year lows. Momentum indicators point to further weakness in the short term, with both the RSI and the stochastics moving closer to oversold territory. However, there are signs [..]

Technical Analysis – GER 30 index possibly oversold in near-term; looking bearish in medium-term

Posted on March 5, 2018 at 11:55 am GMT

The Germany 30 index has managed to cross above the 12,000 handle – a level that may be of psychological importance – after previously falling as low as 11,729.50 during Monday’s trading and coming close to the one-year low of 11,691.60 that was recorded in early February. The bias in the short-term is looking bearish as indicated by the negatively aligned Tenkan- and Kijun-sen lines. The Chikou Span however might be pointing to an oversold market, rendering a rebound in [..]

Equities finish February on wobbly legs, look to data for clarity – Index News

Posted on March 1, 2018 at 2:23 pm GMT

Global stock indices ended February lower, as concerns regarding rising inflation and interest rates took a hold of markets, helping to bring “overvalued” equities back to more reasonable levels. While the outlook for stocks has remained uncertain and price action has become increasingly more choppy, this may well change over the next few weeks as data on wages and inflation provide some much-needed clarity to investors. It’s a long story, but not a complicated one. In early February, an upside [..]

Technical Analysis – US 30 index turns more neutral in medium-term as it enters Ichimoku cloud

Posted on February 28, 2018 at 11:10 am GMT

The US 30 index finished Tuesday’s trading 1.3% lower after previously reaching a near four-week high of 25,819,90. Despite yesterday’s notable decline, the Tenkan- and Kijun-sen lines remain positively aligned, continuing to project a bullish picture in the short-term. However, both have flatlined, this being a sign that positive momentum could be losing steam. Should the index advance, the area around yesterday’s high of 25,819.90 could act as a barrier to the upside, while the range around the Ichimoku cloud [..]

Technical Analysis – US 100 index regains lost ground, approaches all-time highs

Posted on February 23, 2018 at 2:39 pm GMT

The US 100 index has risen in the past two weeks, recovering more than half of the losses it posted in early February when it fell 12.5% over the period January 29 – February 9. During that period, the index collapsed from an all-time high of 7037, before it found support near the crossroads of the 6162 level, the uptrend line drawn from the low of June 2016, and the 200-day exponential moving average. Subsequently, it rebounded and is currently [..]

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