Stock Market News / Page 119

Technical Analysis – Twitter stock hovers below moving averages; holds in bearish correction mode

Posted on October 5, 2018 at 11:33 am GMT

Twitter stock remains under selling pressure after the bounce off the 47.70 resistance level on June 15. Additionally, over the previous sessions, the price dipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe and is currently trading within the 50.0% and 61.8% Fibonacci retracement levels at 30.92 and 26.90 respectively of the upleg from 14.10 to 47.70. In the short-term, technically, the momentum indicators are supporting the slightly negative momentum. The RSI indicator is sloping slightly to the downside [..]

Stock Market News – Trade tensions pose downside risks for European car makers BMW, Daimler and Volkswagen

Posted on September 27, 2018 at 3:26 pm GMT

US President Trump’s tariff action and overall confrontational trade rhetoric have been creating stock market winners and losers. European auto stocks lie in the losing camp, being the worst performing sector over the past six months within the pan-European gauge of equity performance, the Stoxx Europe 600. Meanwhile, the share prices of big players in the sector such as BMW, Daimler and Volkswagen are among those suffering considerable losses. September’s PMI figures out of the eurozone showed the measure tracking [..]

Technical Analysis – Hewlett-Pack (HP) eases below 3-year high; aggressive bullish mode in long term

Posted on September 26, 2018 at 1:17 pm GMT

Hewlett-Pack (HP) stock has reversed to the downside after it challenged a fresh three-year high of 26.10 on September 21. Momentum indicators in the daily chart are currently supporting the weakness of the positive momentum. Specifically, the RSI is slipping below the overbought zone and the MACD is ready for a bearish cross with the trigger line. If the stock continues the downside pressure and starts a bearish correction mode, then the expectation is a touch of the immediate support of 25.27. A break [..]

Stock Market News – Is Tesla a “buy” once fundamentals take center stage?

Posted on September 25, 2018 at 1:11 pm GMT

A “going private” tweet by CEO Elon Musk and a series of senior executive departures within the span of a few weeks have been weighing on Tesla’s stock and keeping the company in the news. Once the dust settles though and the fundamentals become the primary driver of the corporation’s shares, one has to ponder whether the recent depreciation provides an opportunity to buy. “Am [sic] considering taking Tesla private at $420. Funding secured.” This is the now “famous” (maybe [..]

Technical Analysis – Amazon stock posts limited losses in strong bullish view

Posted on September 17, 2018 at 1:36 pm GMT

Amazon’s stock price recorded a stunning rally over the last year without a significant bearish correction. The price continues the bullish tendency as it is still trading above the ascending trend line and the moving averages in the daily timeframe. However, looking at the momentum indicators, the RSI is moving lower in the positive territory, while the MACD oscillator slipped below the red trigger line, both signaling that upside speed is losing some steam. In the case of more bullish moves, the market could meet resistance at [..]

Stock Market News – Apple in the crosshairs of a trade war: will it take a major hit?

Posted on September 12, 2018 at 2:39 pm GMT

Apple’s stock is trading 2.5% lower from a record high of $229.67 touched on September 5. The major catalyst behind the recent fall are growing concerns the company will take a hit on the back of rising prospects for a full-blown trade war between the US and China, given that a considerable part of the firm’s supply mechanism is China-based. The US imposes tariffs on China and the latter’s economy suffers as a result, right? Yes and no, or at [..]

Technical Analysis – Apple stock continues climbing higher in long-term view

Posted on September 12, 2018 at 1:15 pm GMT

Apple stock advanced considerably on Tuesday after six consecutive bearish days, maintaining its positive outlook. In the short-term, the price has been developing within an upward pattern since April 27 with the technical indicators confirming the recent bullish structure. The RSI has turned positive after the drop below the overbought zone but remains in the positive zone, while the stochastic oscillator is also pointing up. On the upside, the price could attempt to overcome the all-time high of 229.10 resistance level, achieved on [..]

Technical Analysis – Google stock retreats sharply in near term; bullish outlook in long term

Posted on September 6, 2018 at 12:23 pm GMT

Google stock price has reversed to the downside, completing the fourth negative daily session in a row. The price slipped below the 50-day simple moving average (SMA) indicating that the bears could take the charge. Regarding to the technical indicators, the sharp downside movement has driven them lower. The RSI indicator has dropped below the 50 zone, while the MACD oscillator is struggling near the zero line in the daily timeframe. Currently, the price stands slightly above the 23.6% Fibonacci retracement level of the upleg from 900 to [..]

Stock Market News – Facebook, Twitter and Google Senate hearing on Russian meddling: a risk-event for tech stocks?

Posted on September 4, 2018 at 2:20 pm GMT

Executives from social media platforms Facebook and Twitter, as well as Google’s top lawyer will be testifying before Congress on Wednesday on Russian meddling in the 2016 US presidential election. Tech-heavy benchmarks tracking all-time highs recently may mean that worries for increased regulation within the tech space have taken the back seat. Still, such fears may come to the fore during tomorrow’s hearing, acting as a drag on stocks within the sector. Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey [..]

Technical Analysis – Facebook stock remains under pressure after negative gap

Posted on August 22, 2018 at 1:42 pm GMT

Facebook stock price stuck at more than three-month lows following the negative gap and the pullback on the all-time high of 218.44 on July 26. The price plunged below the 50- and 200-day simple moving averages (SMAs), indicating further bearish correction. Moreover, the RSI indicator continues to move with weak momentum below its neutral threshold of 50 and the MACD oscillator is set to drop back below its red signal line in negative territory, both supporting that bearish momentum could stay in [..]

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