Stock Market News / Page 12

Technical Analysis – GER 40 index hits all-time high

Posted on February 6, 2024 at 4:25 pm GMT

The German 40 index unlocks a record high The short-term bias is positive; next resistance at 17,145 The German 40 index (cash) returned to the uncharted territory following the completion of a bullish flag formation, printing a record high of 17,040 on Tuesday. The RSI and the MACD have gradually turned up in the positive region, backing the current bullish momentum in the price. Yet, downside risks could stay in play as the price has yet to close decisively [..]

Technical Analysis – McDonald’s stock completes a head and shoulders

Posted on February 6, 2024 at 1:31 pm GMT

McDonald’s stock falls after disappointing earnings The fall completes a head and shoulders formation Both the RSI and the MACD corroborate the reversal McDonald’s stock fell sharply yesterday after the firm reported its first quarterly sales miss in nearly four years. The price closed below the $287.00 barrier which can be considered as the neckline of a complex head and shoulders pattern that had been forming since December 11. Although in the bigger picture, the stock continues to trade above [..]

Technical Analysis – US 500 cash index continues to record higher highs

Posted on February 5, 2024 at 8:22 am GMT

US 500 index flirts with new all-time highs on daily basis Bears lack the strength to stage a correction Momentum indicators still support the bullish move The US 500 cash index is edging lower after recording a new all-time high of 4,976 last week. Friday’s US labour market statistics do not appear to have dented the market’s bullish appetite. Having said that, the pace of the rally since the October 27, 2023 low of 4,100 remains too aggressive and thus keeping the [..]

Technical Analysis – Meta’s stock to skyrocket on earnings beat

Posted on February 2, 2024 at 1:36 pm GMT

Meta’s stock to jump to a record high Traders may look for some profit-taking Facebook parent Meta platforms beat Q4 earnings expectations after Thursday’s market close and announced its first ever dividend to shareholders and a huge amount of stock buybacks. The stock has been trading 17.05% higher during Friday’s pre-market hours around 460 in the aftermath of its earnings, where the ascending trendline drawn from February 2023 is located. Some profit taking could be possible if such an aggressive rally sends the [..]

Alibaba reports earnings amid Chinese stock market rout – Stock Markets

Posted on February 2, 2024 at 9:00 am GMT

Alibaba earnings are released on February 7 before opening bell Revenue and earnings remain robust despite 2023 selloff Valuation has contracted way below growth stocks’ multiples Alibaba feels the blues from Chinese economic downturn Chinese stocks had a bruising 2023 as the domestic economy has yet to recover to its pre-pandemic standards. Besides the underwhelming growth, the Chinese property market seems as shaky as ever, putting additional downside pressures to the stock market. Alibaba could not escape this storm, [..]

Is the 5,000 milestone in sight for the S&P 500? – Stock Markets

Posted on February 1, 2024 at 12:51 pm GMT

Mega-cap stocks drive S&P 500 towards 5,000 milestone AI and tech dominate the bull charge to unchartered territory But how sustainable is the uptrend? A wobbly start to 2024 It wasn’t the best start for Wall Street in 2024 as the major indices stumbled during the first week of the new year. However, it didn’t take long for Fed rate cut expectations to take off again and revive risk appetite. More recently, the artificial intelligence (AI) mania has made a [..]

Can Disney’s earnings turn its stock price around? – Stock Markets

Posted on February 1, 2024 at 10:02 am GMT

Disney will release earnings on Wednesday, February 7, after the closing bell Earnings expected to stagnate, as streaming continues to lose money Shares trading near their lowest levels in a decade, but valuation not cheap Anemic profit growth hits Disney shares The past decade has been horrible for Disney shares. Despite some recent gains, the stock price is trading near levels seen in 2015 and during the heights of the pandemic, when Disney theme parks were shut and its [..]

Technical Analysis – Is the US 30 cash index preparing for a new all-time high?

Posted on February 1, 2024 at 9:54 am GMT

US 30 index reacts to Wednesday’s sizeable red candle It remains just a tad below its all-time high Momentum indicators still mostly positive for the bulls The US 30 cash index is in the green today, reacting to the Fed-induced sell off registered at yesterday’s session. It remains very close to its all-time high of 38,579 but it is evident that the market is questioning its direction. The jury is still out on this as on Friday we expect the [..]

Technical Analysis – US 100 index leans to the downside

Posted on January 31, 2024 at 11:59 am GMT

US 100 stock index drops below short-term SMAs Faces downside risks below 17,286 as technical signals worsen The US 100 stock index (cash) changed direction to the downside after hitting a record high of 17,666 near the resistance line drawn from mid-November last week. Despite Monday’s recovery attempt, the price paused slightly below the 2024 top, increasing fears that January’s rally has peaked. A continuation lower is likely in the four-hour chart as the 50-period exponential moving average (EMA) [..]

Technical Analysis – Apple stock descends sharply ahead of earnings

Posted on January 31, 2024 at 10:29 am GMT

Apple shares slide ahead of earnings on Thursday Stock exhibits heightened volatility in recent months Momentum indicators tilt to the bearish side Apple’s stock has been very volatile in the past few months, opening frequently with significant price gaps. In the near term, the stock has been facing downside pressures, which led to a decline below the 50-day simple moving average (SMA) ahead of its earnings report on Thursday. Should the retreat extend, initial support could be met at 186.40. [..]

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