Stock Market News / Page 118

Technical Analysis – Amazon finds strong obstacle around the ascending line

Posted on October 23, 2018 at 2:04 pm GMT

Amazon’s stock price has been moving sideways since the soft rebound on the 1685 support level, which overlaps with the medium-term rising trend line. The price has been also fluctuating around 1787, the 23.6% Fibonacci retracement level of the upleg from 929 to 2050. However, looking at the momentum indicators, the RSI is moving lower in the negative territory, while the MACD oscillator is flattening under zero and below its red trigger line, supporting that negative momentum might stay in place in the near term. A move [..]

Stock Market News – Boeing & Caterpillar earnings coming up: trade conflict to weigh on their outlook?

Posted on October 22, 2018 at 3:05 pm GMT

Boeing’s earnings report for Q3 2018 is due before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Aerospace & Defense peer group. The plane maker’s outlook may well depend on how it performs in China, with the ongoing Sino-US trade dispute acting as a potential drag on Boeing’s prospects. According to Reuters’ estimates, the aircraft manufacturer is anticipated to have made $3.49 in [..]

Technical Analysis – PayPal stock eases slightly; maintains long-term bullish outlook

Posted on October 18, 2018 at 12:19 pm GMT

PayPal stock has reversed back down after it failed to hit the 81.20 resistance level, achieved on July 31. The price rebounded on the five-month low of 74.40 but the technical indicators are signaling weak upside movement. The RSI indicator was moving upwards but it now appears to be turning slightly to the downside, while the MACD oscillator remains in the negative zone and is heading higher. If price action jumps above 81.20 (immediate resistance), there is scope to test 84.14, which stands near the [..]

Technical Analysis – Alcoa stock steadies near 15-month low; retracement is possible

Posted on October 17, 2018 at 12:51 pm GMT

Alcoa stock tumbled to a new 15-month low in the preceding week, reaching the 35.00 round number. Currently, the price is edging higher and the technical indicators are suggesting a possible upside pullback. The stochastic oscillator created a bullish crossover within the %K line and the %D line in the oversold zone, which is a signal for a bullish retracement. Moreover, the RSI indicator is moving north near the threshold of 30. Should the market extend gains in the very short-term, resistance could be [..]

Stock Market News – Netflix subscriber growth to bounce back? Earnings season fires up

Posted on October 15, 2018 at 3:10 pm GMT

Netflix’s earnings report for Q3 2018 will be made public after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Online Services peer group. The provider of subscription-based streaming services is anticipated to have made $0.68 in earnings per share (EPS) during the quarter ending in September, according to Thomson Reuters estimates; this is a projection that has remained unchanged over the last [..]

Technical Analysis – IBM stock recovers marginally some losses; long term sell-off in play

Posted on October 15, 2018 at 12:43 pm GMT

IBM stock price lost significant ground in the preceding week, plunging to a new more than three-month low of 138.64. However, the technical view suggests a possible retracement in the daily timeframe. The RSI indicator is sloping up in the oversold zone, while the %K line of the stochastic oscillator posted a bullish crossover with the %D line, indicating that the downside risk is fading. Further losses should see the June 27 low acting as a major support near 137.40. A [..]

Stock Market News – JPMorgan and Citi could act as bellwethers for bank earnings; trade and yield angst remain at play

Posted on October 11, 2018 at 3:17 pm GMT

JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization correspondingly, will be among corporations kicking off the Q3 earnings season for big financials. The two will be releasing their quarterly results before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, which matches the average recommendation for the Banks peer group. According to Thomson Reuters estimates, JPMorgan’s quarterly earnings per share (EPS) are projected to stand at $2.26, this being the result of [..]

Technical Analysis – Citigroup stock plunges below short-term uptrend line; loses momentum

Posted on October 11, 2018 at 12:35 pm GMT

Citigroup stock price has edged aggressively lower during the last couple of trading days, recording a significant sell-off session on Wednesday. Prices broke below the mid-level of the Bollinger Band and the 40-day simple moving average (SMA), approaching the lower Bollinger Band. Also, the stock printed a new one-month low near 69.87, below the short-term ascending trend line. Short-term momentum indicators are also pointing to a continuation of the bearish bias. The RSI indicator dipped below the threshold of 50, [..]

Technical Analysis – JPMorgan stock remains neutral in short and medium term

Posted on October 10, 2018 at 2:31 pm GMT

JPMorgan stock price has reversed back below the mid-level of the Bollinger Band and at the 50-day simple moving average (SMA). The price seems to be in a sideways channel with resistance the 119.24 level and support the 112.55 barrier in the short-term Momentum indicators are pointing to a neutral bias in the short term with the RSI just below 50 and the stochastic oscillator also near neutral territory. However, the stochastics have reached a bearish cross with the %D line, suggesting a [..]

Technical Analysis – Google slide halted at 200-day MA; remains in bearish correction mode

Posted on October 9, 2018 at 2:22 pm GMT

Google (Alphabet) stock price has fallen by about 10% from its all-time high of 1269.09 reached in July. Since then, the price has been making lower highs and lower lows, signalling a deepening bearish correction and a possible shift to a negative outlook in the medium term. The near-term picture is also looking bearish as momentum indicators are all in negative territory. Both the RSI and the stochastics are flatlining just above oversold territory, suggesting the downside momentum may be [..]

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