Stock Market News / Page 121

Technical Analysis – Amazon stock ready to extend gains above the previous high

Posted on July 25, 2018 at 1:21 pm GMT

Amazon stock price has reached another record high of 1852.54 in the preceding week and currently is developing slightly below this peak. The price continues the bullish rally as it is still trading above the ascending trend line and the moving averages in the daily timeframe. Looking at momentum indicators, the Relative Strength Index (RSI) is approaching again the overbought zone as it is sloping upwards. The MACD oscillator recorded a bullish crossover with its trigger line and holds well above its [..]

Stock Market News – Boeing in focus ahead of earnings release; trade developments important for the outlook

Posted on July 24, 2018 at 2:26 pm GMT

Boeing’s earnings report for Q2 2018 will be hitting the markets before Wednesday’s US market open. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Aerospace & Defense peer group. According to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S), the plane maker is forecast to have made $3.27 in earnings per share (EPS) during the quarter ending in June, which reflects a drop [..]

Technical Analysis – Facebook stock stands near fresh high; further gains are on the way

Posted on July 23, 2018 at 12:36 pm GMT

Facebook stock has reached another new high of 211.27 on Friday after the strong bounce off the 192.30 support level. The bullish picture in the short-term outlook looks to last for a while longer as the technical indicators are holding above their neutral levels. In the daily chart, the RSI indicator is sloping slightly to the upside near the overbought zone, while the MACD oscillator is holding above its trigger and zero lines. If prices continue to head higher, resistance [..]

Technical Analysis – Honeywell stock builds base in sideways channel; neutral in short-term

Posted on July 20, 2018 at 12:23 pm GMT

Honeywell stock price has been consolidating since March 21 and has been stuck in the sideways channel with upper boundary the 152.40 resistance level and lower boundary the 141.80 support. The neutral picture in the medium-term looks to last for a while longer as prices hold near the middle of the trading range. Support was met at around the 141.80 barrier, forcing the price to reverse higher. The neutral bias in the near term is supported by the deterioration in [..]

Technical Analysis – American Express stock struggles in consolidation area; longer timeframe remains bullish

Posted on July 18, 2018 at 1:24 pm GMT

American express stock price has been developing within a consolidation area in the medium-term with upper boundary the 103.20 peak and lower boundary the 95.40 trough since April 19. Currently, the market drove the price above the 20- and 40-simple moving averages (SMAs) in the daily timeframe, suggesting a re-challenge of the trading range’s roof. Turning to momentum indicators, the RSI is sloping north above in the positive territory with weaker momentum than before, while the MACD oscillator is strengthening its movement [..]

Stock Market News – IBM’s quarterly results eyed during packed earnings week

Posted on July 17, 2018 at 1:31 pm GMT

IBM’s earnings report for Q2 2018 will be made public after the closing bell on Wall Street on Wednesday. The consensus recommendation for the company is “hold”, which negatively compares to the “buy” average consensus recommendation for the IT Services & Consulting peer group. The multinational tech company is anticipated to have made $3.04 in earnings per share (EPS) during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ [..]

Technical Analysis – Goldman Sachs surges above descending trend line; seems ready for bullish correction

Posted on July 17, 2018 at 12:38 pm GMT

Goldman Sachs stock price turned bullish as it penetrated the descending trend line to the upside and hit the 50-day simple moving average (SMA), which is acting as a strong resistance level for the bulls. The latest price movement shifts the bearish picture to bullish and the short-term technical indicators are confirming the scenario for upside pressure. From the technical point of view, the RSI is currently increasing positive momentum above its neutral threshold of 50, while the stochastic oscillator indicates that [..]

Stock Market News – Netflix in the spotlight ahead of quarterly earnings; other big names in line

Posted on July 16, 2018 at 2:56 pm GMT

Netflix’s Q2 2018 earnings report will be hitting the markets after Monday’s US market close. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for the Online Services peer group. The provider of subscription-based streaming services is forecast to have made $0.79 in earnings per share (EPS) during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Earnings estimates have fallen from [..]

Technical Analysis – Bank of America stock stands within a bearish correction; “death cross” is expected

Posted on July 16, 2018 at 1:34 pm GMT

Bank of America stock price has been holding within a bearish correction mode as it found a strong resistance obstacle on the 33.00 handle in mid-March. A “death cross” is in progress as the 50-day simple moving average (SMA) falls below the 200-day SMA to indicate that lower prices lie ahead. From the technical point of view, the RSI and the stochastics have both weakened, with the former dropping below its neutral threshold of 50 and the latter easing below the overbought territory after the [..]

Stock Market News – JPMorgan and Citigroup among first to release Q2 results, may give an indication of what is to follow

Posted on July 12, 2018 at 3:46 pm GMT

JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization respectively, will be releasing their Q2 2018 earnings reports before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, in line with the average recommendation for the Banks peer group. According to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S), JPMorgan’s quarterly earnings per share (EPS) are anticipated to stand at $2.21, with a downward revision [..]

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