Stock Market News / Page 106

Technical Analysis – Netflix stock collapses out of a 3-month trading range

Posted on August 30, 2019 at 2:22 pm GMT

Netflix stock plummeted out of a three-month sideways market breaching the lower boundary of 335.88, where the 200-day SMA also happened to lie. The stocks’ one-and-a-half-month plunge which started July 11, had the price retrace to around 287.09, slightly below 290.15, which is the 61.8% Fibonacci retracement level of the up leg from 230.78 to 386.00. The MACD suggests an increase in positive directional momentum as it has moved above its red trigger line in the negative zone. The RSI [..]

Technical Analysis – Apple uptrend loses steam, may turn neutral soon

Posted on August 30, 2019 at 1:18 pm GMT

Apple’s stock touched a multi-month high at 221.5 at the end of July, but the price has retreated since then and recorded a lower high on the daily chart. This is an indication that the bigger uptrend may be losing steam. For the uptrend to resume, the bulls would need to push above 221.5. Short-term momentum oscillators are near their neutral levels, providing no clear directional signals. If buyers retake the driver’s seat, they may push towards 215.0 initially, this [..]

Technical Analysis – GER30 index consolidates above the 11,338 level; SMAs converge

Posted on August 28, 2019 at 3:31 pm GMT

The GER30 index has consolidated in a sideways market in the last 20 sessions, as the 50-period simple moving average (SMA) has flattened and blended with the 100-period SMA. The index has currently moved into the Ichimoku cloud, trading around the June low of 11,607. Directional momentum seems to have evaporated, something also reflected by the indicators. The MACD is flat at the zero line, combined with its red trigger line, while the RSI hovers at the 50-level. Furthermore, the [..]

Technical Analysis – US30 index takes back losses; 50-, 100-SMAs stop bullish move

Posted on August 26, 2019 at 3:54 pm GMT

US30 stock index adopted a sideways behavior after falling from the 27,403 all-time-high to a two-month low of 25,077. It is noteworthy to point out that despite the breaches from the price, the 200-, 100- and 50-period simple moving averages (SMAs) still maintain the bearish picture. In momentum indicators, both the RSI and the MACD are in bearish territory, suggesting that a rekindled negative move cannot be ruled out; the RSI deflected off the 50-level and heads down, whilst the MACD is below [..]

Technical Analysis – Alibaba stock rushes to recoup losses ahead of Q2 earnings release

Posted on August 13, 2019 at 2:33 pm GMT

Alibaba’s stock price found enough footing near the 23.6% Fibonacci of the 147.82-179.33 upleg to surge above the 20-period simple moving average (SMA) in the four-hour chart. The rising MACD and the positive slope in the RSI, which is ready to exit the bearish territory, are encouraging signs for the market’s short-term performance. Should the 61.8% Fibonacci of 167.28 open the gate to the bulls, the 50-period SMA at 169.25 could next take control. Slightly higher, the area between 172.00 and [..]

Technical Analysis – WalMart breaches uptrend line; 100-day SMA obstructs the drop

Posted on August 13, 2019 at 1:12 pm GMT

WalMart stock pulled back from a high of 115.26 after nearly eight months of advances, piercing below the uptrend line. The downwards correction has stalled at the 100-day simple moving average (SMA) after its push lower off 108.36, which is the 23.6% Fibonacci retracement level of the up leg from 86.07 to 115.26. It’s worth mentioning that the 20-day SMA has crossed below the 40-day SMA, signaling that the short-term bearish bias seems to be holding. The momentum indicators are [..]

Disney’s earnings eyed for clues on upcoming streaming service – Stock Market News

Posted on August 2, 2019 at 1:28 pm GMT

The world’s leading entertainment conglomerate will release its latest earnings report on Tuesday, after Wall Street’s closing bell. Beyond any surprises in the numbers, market focus will fall mainly on the expectations by Disney’s management about the firm’s soon-to-be-launched streaming service. Overall, the company’s future remains bright – something also reflected by the 29% gain in its stock this year – though its high valuation poses a risk. The entertainment colossus is expected to report earnings per share (EPS) of [..]

Technical Analysis – General Motors stock makes a 13-month high; sellers push back

Posted on July 31, 2019 at 2:57 pm GMT

General Motors stock has stuck to the upper Bollinger band on its stretch north, peaking its head above the band, hauling the price of the stock above previous peaks from February 6 and April 18. Although the price has formed a spinning top candle and sellers have pushed lower, it’s worth mentioning that the 40-day simple moving average has crossed above the 100-day SMA, signaling that the bullish advance seems to be holding. The MACD is in the positive region [..]

Apple’s earnings: All eyes on iPhone guidance – Stock Market News

Posted on July 30, 2019 at 3:25 pm GMT

All of Wall Street will be watching Apple’s earnings report after the US market closes on Tuesday. Besides the headline numbers, investors will focus on the guidance by the firm’s management about the next quarter, and especially on their expectations for the new iPhone. As for the stock, it has gained substantially this year, but remains relatively attractive from a P/E perspective, at least compared to its FAANG rivals. The California-based tech titan is expected to report earnings per share [..]

Technical Analysis – Apple stock fails to reach 6-month high; prints warning candles

Posted on July 29, 2019 at 2:51 pm GMT

Apple’s stock lost steam in the last sessions, after a nearly two-month rally from the low of 170.17 on June 3. The pair formed a hanging man formation followed by a close lower and then a shooting star. The bulls seem to have lost control and momentum indicators also warn of a possible short-term down move. Although the price is above the Ichimoku cloud and simple moving averages (SMAs), momentum has paused as the Ichimoku averages have moved sideways, while [..]

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