Stock Market News / Page 115

JPMorgan, Wells Fargo, Goldman Sachs and Morgan Stanley to kick off earnings season for big financials – Stock Market News

Posted on January 14, 2019 at 6:34 pm GMT

The last quarter of 2018 was the worst experienced by global stocks in seven years, with the S&P 500 financials index closing lower by 9%. JPMorgan Chase & Co and Wells Fargo will be among the first of the largest contributors of the index to report earnings results for the messy quarter on Tuesday, while on Wednesday and Thursday further evidence on performance will follow from Goldman Sachs and Morgan Stanley respectively, all issued before Wall Street’s opening bell. Yet while a number of [..]

Technical Analysis – Alcoa stock price rises somewhat above 2-year low; bearish outlook in long term

Posted on January 14, 2019 at 2:14 pm GMT

The Alcoa stock price dipped to a new two-year low of 24.98 on December 26 and it is currently hovering slightly above this level. The price remains below the medium-term descending trend line, which has been holding since April 19 but stands within 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, technically, the RSI indicator keeps moving lower below the 50 level, while the %K line of the stochastic oscillator printed a bearish crossover with the %D line in the [..]

Technical Analysis – Goldman Sachs bulls back in play after reaching 2½-year low

Posted on January 8, 2019 at 1:56 pm GMT

Goldman Sachs stock price has been trading upwards over the last couple of weeks after the rebound on the 151.50 support level. The short-term technical indicators are endorsing the upside view. In the daily timeframe, the Relative Strength Index (RSI) is sloping upwards approaching the threshold of 50, while the MACD oscillator holds above its red-trigger line in the negative area, suggesting more strength in the market. Upsides moves are likely to find resistance at the 23.6% Fibonacci retracement level of the downleg from [..]

Technical Analysis – Apple stays above 18-month bottom; ‘death cross’ in play

Posted on January 3, 2019 at 12:55 pm GMT

The Apple stock rebounded on the 18-month low of 146.50 that was reached on December 26. The technical indicators are endorsing the recent upside view with the RSI holding in the bearish zone, sloping slightly up, and the MACD is strengthening its positive momentum above the trigger line. However, at the end of the previous month, the 50-simple moving average (SMA) posted a ‘death cross’ with the 200-SMA in the daily timeframe. In case of a climb above the 160.40 resistance level, the price [..]

Technical Analysis – Facebook rebound on 22-month low; positive risks not faded yet

Posted on December 19, 2018 at 1:01 pm GMT

Facebook’s stock price rebounded on the 22-month low of 128.30, reached on November 20. Currently, the stock is challenging the 50-simple moving average (SMA) in the daily timeframe, making it hesitant to move even higher. Short-term oscillators suggest the current rebound may continue in the immediate term. The RSI is detecting upside momentum, while the MACD is approaching the zero line, weakening the negative movement. Further recovery in the stock may encounter immediate resistance near the 147.00 zone, marked by the latest highs in the prior week. [..]

Technical Analysis – Intel stock stabilizes after sharp drop; neutral in short-run

Posted on December 14, 2018 at 12:49 pm GMT

Intel’s stock fell sharply after touching an 18-year high of 57.57 in early June, before finding support around 42.30, a low last seen in February, and subsequently rebounding somewhat. However, given that the stock recently posted a higher high of 50.50, and price action is taking place above the 50-day simple moving average (SMA), the near-term outlook seems neutral. Momentum oscillators concur. The RSI is pointing up but is only marginally above its neutral 50 zone. Meanwhile, the MACD is [..]

Technical Analysis – Coca-Cola stock takes a pause after surging to record highs

Posted on December 13, 2018 at 1:43 pm GMT

Coca-Cola stock price hit an all-time high of 50.74 last month before stabilizing slightly lower and is set to finish higher by 7.0% in the year. Yet, with the 20-day simple moving average losing steam, the upward pattern might not extend further, while momentum indicators are also not as positive as before, pointing to weaker trading sessions in the near term; the MACD keeps falling below its red signal line and towards zero, whilst the RSI has reversed back to the downside [..]

Technical Analysis – Netflix stock price loses momentum below “death cross”; medium-term sell-off in play

Posted on December 11, 2018 at 2:18 pm GMT

Netflix stock price bounced off the 298.00 resistance level on December 3 and retains bearish extension in medium-term. Technically, the indicators are endorsing this view in the short term. Attesting to this, the MACD has been declining and is approaching the trigger line, while the %K line of the stochastic oscillator is turning marginally higher above the oversold zone. More declines could turn traders’ attention towards the 253.00 support level again, identified by the recent lows. Slightly below this barrier, the [..]

Technical Analysis – Tesla stock posts “golden cross”, but still neutral in medium-term

Posted on December 7, 2018 at 12:24 pm GMT

Tesla’s stock moved higher in recent sessions to touch a four-month high of 368.50. Meanwhile, the 50-day SMA crossed above the 200-day one marking a so-called “golden cross”, which is a bullish signal. That being said, the broader picture still appears to be sideways; a move above the August peaks of 387.00 is needed to change that. Momentum oscillators concur that the short-term outlook is positive. The RSI is above 50 and moving higher, though may be nearing its overbought [..]

Technical Analysis – Microsoft posts steeper declines; neutral in short term

Posted on December 6, 2018 at 10:38 am GMT

Microsoft stock price moved lower on Tuesday, hitting the 50-day simple moving average, after finding resistance on the 112.90 hurdle. Looking at the momentum indicators, the RSI is edging lower, slightly above its neutral threshold of 50, while the stochastic is falling and created a bearish crossover within the %K and %D lines in the overbought zone, signaling further losses. In the event of further negative pressures, the market could meet immediate support at the mid-level of the Bollinger Band [..]

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