Stock Market News / Page 107

Technical Analysis – Twitter stock touches upper boundary of trading range; eyes on gap

Posted on July 26, 2019 at 8:26 am GMT

Twitter stock lunged up out of a trading range trying to fill the gap from July 2018. The move had price hit a nine-and-a-half month high of 40.90 to only fall back into a two-and-a half month sideways market, where the price is currently shaking hands with the upper boundary. Price has printed a red candle, besides a bullish cross up of the 40-day simple moving average (SMA) by the 20-day SMA. The MACD, although above its trigger, is flat, whereas the RSI [..]

Amazon earnings is the key release to watch today – Stock Market News

Posted on July 25, 2019 at 4:09 pm GMT

Jeff Bezos’s famous Amazon.com will be among the highlights this week as the world’s second most valuable company by market capitalization is expected to report its Q2 financial results on Thursday after Wall Street’s closing bell. After a stellar start to 2019, the tech-giant is anticipated to set the bar higher, but pitfalls could still lie ahead, making markets wonder whether Amazon’s stock price could search for new record highs. Earnings forecast Total revenues are expected to have jumped to $62.46bn in the [..]

Technical Analysis – Facebook stock eases around 1-year peak; retains bullish outlook

Posted on July 24, 2019 at 1:23 pm GMT

Facebook stock price is hovering around the one-year high of 205.40 but it is holding well above the 50- and 200-day simple moving averages (SMAs). Momentum indicators are looking to lose steam as the MACD fell beneath the trigger line and the RSI is flattening in the positive territory, suggesting a downside correction. An advance could stop at the multi-month high of 218.44, taken from the peak on July 25, before posting a fresh all-time high. A downside structure in the [..]

Technical Analysis – McDonalds stock reaches new record high; hits upper boundary of ascending channel

Posted on July 23, 2019 at 12:45 pm GMT

McDonalds stock price hits a record high of 215.85 last Thursday, meeting the upper boundary of the long-term ascending channel in the daily timeframe. The 20-day simple moving average (SMA) helped the bulls to retake control, while the positive momentum in the RSI suggests the bullish party is not over yet for the stock. However, the MACD oscillator is slowing down below the trigger line. The peak at 215.86 could potentially work as nearby resistance should the price continue the rebound on 206.35. Nevertheless, it would [..]

Technical Analysis – Amazon falls from 9-month high; forms hammer as it stalls at 23.6% Fibo

Posted on July 22, 2019 at 2:02 pm GMT

Amazon pulled away from a nine-month high of 2032 in the previous weeks, to halt yesterday at the 23.6% Fibonacci retracement level of the up move, from 1670 to 2032, of 1949. The 21-day simple moving average (SMA) is also very close and a hammer formation has taken shape, pushing the price above the resistance of 1964. The momentum indicators are suggesting that the sentiment may turn negative as the MACD has dived below its trigger line and RSI nears [..]

Tesla’s Q2 earnings in focus after all-time high sales – Stock Market News

Posted on July 19, 2019 at 1:39 pm GMT

Tesla’s share price soared sharply higher by 42% after hitting three-year lows in early June but the rally may come under test next week when the electric-car maker announces its earnings results for the second quarter. The report will be available for review on Wednesday after Wall Street’s closing bell and even though analysts expect improvement, the company must prove that it can return to profit for its stock to keep running towards the way-above December peaks. Making profits could [..]

Netflix earnings likely to be weighed by slower subscriber growth – Stock Market News

Posted on July 17, 2019 at 1:45 pm GMT

Streaming giant Netflix is due to announce its second quarter earnings later today after the market close on Wall Street – the first of the FAANG companies to report. As competition heats up in the sector, all eyes will be on how many new subscribers Netflix managed to attract in Q2 amid concerns about the outlook for subscriber growth in streaming services. Company to report lower EPS in Q2 Netflix is expected to report earnings per share (EPS) of $0.57, [..]

Technical Analysis – Microsoft consolidates at all-time highs; sellers grab the reins to rally down

Posted on July 17, 2019 at 5:22 am GMT

Microsoft stock has been in a seven-month ascending channel since December but last week ran into a wall near the previous all-time high of 138.34 set two weeks ago. Sellers have picked themselves up and today started to push down. Although the bullish bias from the 21-, 50- and 100-day simple moving averages (SMAs) is apparent, the MACD seems to suggest a negative divergence causing a fall in momentum as the MACD and trigger line flatten out in the positive [..]

Microsoft hovers near all-time highs ahead of earnings – Stock Market News

Posted on July 16, 2019 at 3:23 pm GMT

The world’s largest company by market capitalization will report its quarterly earnings on Thursday, after Wall Street’s closing bell. Forecasts point to another solid quarter, with investors likely to focus mainly on key business segments like cloud computing. Overall, the company’s stock is on a tear, having gained more than 36% this year – though valuation is becoming a concern. The consensus The Washington-based tech giant is expected to report earnings per share (EPS) of $1.21 when it announces its [..]

Technical Analysis – Morgan Stanley stock moves above 200-day simple moving average

Posted on July 16, 2019 at 9:30 am GMT

Morgan Stanleys’ stock has been incrementally following the north road since the end of December, and in the last month has risen from a three-month low of 40.40 to face the ultimate battle with the 200-day simple moving average (SMA). Presently, it is facing short-term resistance at the previous weeks’ break high above the 200-day hurdle of 45.00. Momentum cooled after the 200-day break, as also shown by the RSI as it points down in the positive area, whereas the [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

Stock Market News

XM Live Chat