Stock Market News / Page 11

Nvidia set for another outstanding earnings report – Stock Markets

Posted on February 19, 2024 at 9:57 am GMT

Nvidia earnings will be out on February 21 after the market close Upward trend in earnings and revenue set to persist Stock up 46% in 2024, valuation retains reasonable premium Nvidia starts 2024 where it left off Nvidia has begun 2024 on the front foot, gaining more than 46% in less than two months. The leading chipmaker has mainly capitalised on a raft of solid Q4 earnings reports from tech giants within the Artificial Intelligence (AI) spectrum, which fuelled expectations that [..]

Technical Analysis – AMD stock jumps again but stiff resistance at 261.8% Fibo

Posted on February 15, 2024 at 12:13 pm GMT

AMD stock not giving up on setting a new all-time high Positive momentum gains traction But 261.8% Fibonacci extension may be hard to overcome Advanced Micro Devices (AMD) stock hit a new intra-day record of 184.79 in January but the price has since been drifting lower, with a battle ground forming around the 261.8% Fibonacci extension of the late December – early January selloff. This extension level at 178.85 is in the spotlight again today as it’s putting up a [..]

Technical Analysis – Is a correction around the corner for the US 30 cash index?

Posted on February 15, 2024 at 9:03 am GMT

US 30 index in the green again, after Tuesday’s decent correction It remains a tad below its all-time high but bulls might start to worry Momentum indicators mixed; all eyes on the stochastic oscillator The US 30 cash index is in the green again today, reacting to Tuesday’s sizeable red candle that slightly unnerved the bulls. The index remains a tad below its February 13, 2024 high at 38,929 but it is evident that the market is questioning its direction [..]

Magnificent 7 earnings assert dominance, focus shifts to Nvidia – Stock Markets

Posted on February 14, 2024 at 8:15 am GMT

Magnificent 7 earnings endorse their relentless rally Tesla lags, while Apple shows some signs of weakness Valuations are stretched despite rosy projections In their own world The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has gone parabolic since early 2023, outperforming the broader US stock market by a wide margin. The big tech clan has largely benefited from the Artificial Intelligence (AI) mania, while lately the expectation of declining interest rates [..]

Technical Analysis – US 500 index jumps above 5,000. Now what?

Posted on February 12, 2024 at 8:39 am GMT

The US 500 index surpasses 5,000; goes from record to record Caution needed as price reaches a former peak area The US 500 stock index (cash) has been on a steep uptrend since October’s low of 4,099, gaining more than 20% to enter uncharted territory again. The remarkable appreciation lifted the price to a record high of 5,030 last Friday, helping the market to close marginally above the long-term resistance line, which connects the highs from December 2022 and [..]

Technical Analysis – TSMC stock touches crucial resistance after exponential rally

Posted on February 9, 2024 at 2:38 pm GMT

TSMC stock hits new two-year high after encouraging headlines Overbought conditions detected; resistance line halts rally Taiwan Semiconductor’s stock (TSMC) skyrocketed in the wake of an upbeat monthly revenue report and on the company’s plan to build a second factory in Japan. The stock rallied by around 7.0% to a new two-year high of 134.65, but halted near the resistance line from February 2023, increasing the risk of a downside correction in the coming sessions. Note that the RSI [..]

Technical Analysis – Nvidia goes supernova, hits new record highs

Posted on February 8, 2024 at 12:12 pm GMT

Nvidia shares continue their unstoppable rally Momentum oscillators are at extreme levels Uptrend may encounter some resistance near 730 Nvidia shares have risen more than 41% already this year, extending their rally to reach consecutive record highs. The stock is in a powerful uptrend, although some technical oscillators suggest the latest move is overextended, generating the risk of a pullback. Specifically, the RSI and the MACD are both at extreme overbought levels, with the MACD hitting its highest level on [..]

Why are Chinese stocks melting down? – Special Report

Posted on February 8, 2024 at 10:24 am GMT

Chinese stock markets sink to lowest levels in five years Real estate crisis and other problems haunt investors Valuations are cheap, but more is needed for lasting recovery Chinese equities implode It’s been a tough few years for Chinese stock markets. Shares in mainland China have fallen to their lowest levels since 2019 as investors continue to liquidate their positions, despite a series of stimulus measures by Beijing that were meant to stop the bleeding. An ongoing crisis in the [..]

Technical Analysis – US 30 index flirts with all-time high

Posted on February 8, 2024 at 10:19 am GMT

US 30 index retains bullish outlook above uptrend line Technical oscillators indicate more gains The US 30 (cash) index is traveling slightly below the all-time high of 38,782 and above the medium-term rising trend line, suggesting a potential move to the upside again. Given the current positive momentum, the question now is whether the index will stay resilient above the 38,108 key region. A clear step below it and beneath the uptrend line as well as the 161.8% Fibonacci extension level of [..]

Technical Analysis – Disney’s stock confirms bullish trend pattern

Posted on February 7, 2024 at 9:51 am GMT

Disney trades weaker after market hours Trend signals point to higher highs Q1 earnings due on Wednesday after market close Disney’ stock traded lower by 1.06% after market hours following a rally to a nine-month high of 99.20 on Tuesday. Despite the cautious sentiment, the stock seems to have completed a short pennant formation ahead of the company’s earnings release, which is theoretically a signal of a positive trend continuation. The RSI and the stochastics are close to overbought [..]

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