Stock Market News / Page 13

Technical Analysis – Amazon stock rallies to 21-month high

Posted on January 30, 2024 at 12:43 pm GMT

Amazon stock continues bullish structure Technical oscillators enter overbought regions Amazon shares recorded a stunning rally in Monday’s session, creating a new 21-month peak of 161.16. The stock has posted gains of more than 12% since the beginning of the year and the technical oscillators suggest that the market could rise even higher. The RSI is currently increasing positive momentum towards its overbought area, while the MACD is gaining momentum above its trigger and zero lines. Also, the stochastic oscillator (or stochastics) posted a bullish crossover within its %K and %D lines [..]

Technical Analysis – Alphabet storms to record highs ahead of earnings

Posted on January 30, 2024 at 11:22 am GMT

Alphabet shares surge to consecutive all-time highs Momentum indicators are approaching overbought zones This poses asymmetric risks for the upcoming earnings report Alphabet’s stock has been in a steady uptrend since October 2022, which has accelerated in the past couple of months. Zooming in the short-term picture, the price has been posting consecutive record peaks in 2024, but the advance is starting to look overdone from a technical perspective. If the stock defies all odds and extends its rally [..]

Technical Analysis – US 500 index displays fresh all-time high

Posted on January 30, 2024 at 9:40 am GMT

US 500 index holds above 161.8% Fibonacci extension MACD and RSI in overbought territories The US 500 (cash) index experienced a fresh rally during Monday’s session, and today it posted a new all-time high of 4,833. The price surpassed the 161.8% Fibonacci extension level of the downward wave from 4,600 to 4,100 at 4,920, endorsing the aggressive buying interest. The momentum indicators are supportive of this upleg. The RSI is appearing positive above the 70 level, and the MACD oscillator is [..]

Meta Q4 Earnings: Strong ad business and cost-cutting to boost profits – Stock Markets

Posted on January 29, 2024 at 4:18 pm GMT

Meta Platforms earnings are out on Thursday after closing bell Both earnings and revenue expected to skyrocket Stock trades at cheap multiples despite consecutive record highs Stellar year Facebook’s parent company, Meta Platforms Inc, was the second-best performing stock of the S&P 500 index in 2023, lagging only behind Nvidia. This outperformance was attributed to positive idiosyncratic and macroeconomic developments, while 2024 could prove to be even better. On the company-specific front, Meta slashed thousands of jobs in 2023 to improve its [..]

Technical Analysis – Microsoft eases slightly from record peak

Posted on January 29, 2024 at 2:18 pm GMT

Microsoft remains above uptrend line But momentum indicators are turning lower Microsoft has its earnings release on Tuesday 30 and its stock price is currently trading slightly below the record peak of 406.70 that it reached on Thursday. The price has been developing within an ascending movement since the end of September 2023. However, the technical oscillators are indicating a potential downside retracement in the daily timeframe. The RSI is pointing down above the 70 level, while the stochastic oscillator posted a bearish crossover within [..]

Amazon earnings set to soar, can the stock follow? – Stock Markets

Posted on January 26, 2024 at 12:40 pm GMT

Amazon will release earnings on Thursday, after the closing bell Impressive earnings growth expected, driven by advertising and cloud That said, valuation is not cheap, which could limit upside in stock price Bringing costs under control Amazon’s share price rose by a stunning 81% last year, as the market regained confidence in the company’s ability to deliver profits. After its share price plunged in 2022, Amazon restructured its operations with an emphasis on slashing costs, shutting down unprofitable [..]

Apple Q1 earnings: AI evolution will matter the most as results may not be great – Stock Markets

Posted on January 26, 2024 at 10:29 am GMT

Apple reports Q1 earnings on Friday, February 2 Results may not be exciting, but traders may not care AI comments to attract the most attention as usual Q1 Earnings forecasts Apple Inc will publish its earnings results for the first fiscal quarter ended in December 2023 on Friday February 2. Following a tough year of declines, the iPhone maker could return to the expansion zone, but no fireworks are expected. Total revenue is forecast to rise to $118 bln, [..]

Technical Analysis – US 30 index retreats from record peak

Posted on January 25, 2024 at 2:27 pm GMT

US 30 index finds support at 161.8% Fibonacci Technical indicators suggest bearish retracement The US 30 index is easing from the all-time high of 38,108 and is meeting again the 161.8% Fibonacci extension level of the down leg from 35,685 to 32,320 at 37,800, which had acted as strong resistance over the last month. Technically, the oscillators are indicating a negative correction. The RSI is retreating from the 70 level, while the MACD fell beneath its trigger line in the positive region. Moreover, the [..]

Technical Analysis – Tesla stock to fall on missed earnings; bulls could be near

Posted on January 25, 2024 at 9:53 am GMT

Tesla stock to open lower on disappointing Q4 earnings October’s low in focus as oversold conditions detected Tesla’s stock finished Wednesday’s session on a negative note but remained supported above the 206 level, which has been restricting both upside and downside movements over the past four years. The latest bearish cycle started after the bulls proved unsuccessful in crossing above the broken support-turned-to-resistance trendline drawn from January 2023, while also failing to breach the long-term resistance trendline from the [..]

Alphabet Q4 Earnings: Ad and cloud segments shine, focus on AI – Stock Markets

Posted on January 24, 2024 at 2:27 pm GMT

Alphabet reports earnings after market close on January 30 Forecasts point to double-digit revenue and earnings growth Despite its latest rally, stock remains cheap against tech clan Not great, not terrible Alphabet had a fantastic 2023, while the stock has started the new year in buoyant form as the hype around Artificial Intelligence (AI) stocks shows no signs of easing. Despite its leading position in the tech sphere, Google’s parent company has failed to outperform the tech-heavy Nasdaq 100 in the past [..]

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