Stock Market News / Page 17

Technical Analysis – US 500 cash index on the brink of a bearish move

Posted on December 7, 2023 at 10:55 am GMT

US 500 index is trading sideways amidst key market events It failed to record a new 2023 high, denting bullish sentiment Momentum indicators point to increasing bearish pressure The US 500 cash index is trying to record a green candle today as it trades in the busy 4,533-4,550 area. The aggressive move from the October 27 low appears to have run out of steam, especially after the US 500 index failed to record a new 2023 high, above the July [..]

Technical Analysis – Nvidia stock pulls back towards 50-day SMA

Posted on December 5, 2023 at 3:52 pm GMT

Nvidia in a steady decline since its record high In November But the 50-day SMA curbs the retreat for now Momentum indicators are turning negative Nvidia has been the best performing stock of the S&P 500 in 2023, storming to a fresh record peak of 505.00 on November 20. Although the price has been experiencing a downside correction since then, the 50-day simple moving average (SMA) seems to be acting as a strong floor in the near term. Given that the short-term [..]

Technical Analysis – US 30 cash index battles with key trendline

Posted on December 5, 2023 at 8:25 am GMT

US 30 index in the red after recording a new 22-month high Aggressive move higher from the October lows Some early signs of rally exhaustion from the momentum indicators The US 30 cash index is trying to record its second consecutive red candle after registering a new 22-month high, 12% higher from the late October lows. It is currently battling with the October 13, 2022 upward sloping trendline with the bulls possibly taking a breather and preparing for the next [..]

Technical Analysis – AMD stock eases from a 5-month high

Posted on November 29, 2023 at 9:29 am GMT

AMD stock jumps to its highest since June Despite a consolidation, momentum indicators remain tilted to the upside Positively charged SMAs brighten the outlook AMD’s stock has staged a solid rally since late October, crossing above both its 50- and 200-day simple moving averages (SMAs). In the last week, the shares stormed to a fresh five-month peak before paring some gains, but both the RSI and MACD are indicating that bulls continue to hold the upper hand. If buying pressures persist, [..]

Technical Analysis – US 500 consolidates near 4-month highs

Posted on November 27, 2023 at 1:51 pm GMT

US 500 index trades sideways after posting fresh 4-month peak Momentum indicators approach their overbought zones Risk of a downside correction is increasing The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October, piercing through the descending trendline that connects its recent lower highs. However, the uptrend appears to be on hold in the last few sessions as the short-term oscillators are pointing at overbought conditions. Should buyers attempt to push the price even higher, immediate resistance could be [..]

Earnings season halts corporate profits recession, year-end rally in sight? – Stock Markets

Posted on November 22, 2023 at 3:33 pm GMT

Q3 financial results put an end to the earnings contraction streak Profit margins improve but real revenue suffers US indices look expensive as markets price in the perfect scenario Solid earnings season with some asterisks As the vast majority of US companies have revealed their Q3 financials, it is safe to draw some conclusions about the health of the corporate world. Firstly, the results have been quite encouraging, with the S&P 500 posting a 6.6% annual earnings increase according to [..]

Does the Santa Claus rally really exist? – Special Report

Posted on November 22, 2023 at 1:54 pm GMT

US equities exhibit a strongly positive year-end performance post-Thanksgiving FX pairs do not follow a specific pattern in the examined period Gold and USDJPY rally every time the Thanksgiving holiday falls on November 23 We are nearing the end of another trading year and the newswires are crammed with stories about the famous Santa Claus rally. In a nutshell, the market believes that risky assets tend to rally towards the end of the year. Most analysts calculate the assets’ performance [..]

Technical Analysis – US 100 eases after reaching almost 2-year high

Posted on November 21, 2023 at 12:49 pm GMT

US 100 posts a sharp upside rally MACD extends its bullish move but RSI ticks down The US 100 (Cash) index rebounded off a five-month low of 14,050 on October 26, sending the price towards an almost two-year high of 16,064. The index is creating the fourth straight green week and is travelling well above the medium-term descending channel. The latest flat movement in the RSI is discouraging, but the indicator is still in the overbought area. Also, the MACD [..]

Technical Analysis – Microsoft stock posts fresh all-time high

Posted on November 21, 2023 at 12:44 pm GMT

Microsoft storms to a new all-time high on Monday Momentum indicators are within their overbought zones Suggesting elevated possibility of a correction Microsoft’s shares have been in a steady advance since their September bottom of 309.35, generating a series of new record highs in the last few sessions. Given that the short-term oscillators are hinting at overbought conditions, traders should be aware of the increasing risk of a pullback. If the uptrend resumes and the price moves to uncharted waters, initial [..]

Technical Analysis – JP225 cash index bears show signs of life

Posted on November 21, 2023 at 10:56 am GMT

JP225 cash index dips lower after strong upmove Bulls still focused οn testing the June 16, 2023 high Momentum indicators show some early signs of trend reversal The JP225 cash index is trading lower again today as the bulls appear to be taking a breather from the recent strong rally. The JP225 is still around 10% higher than the end-of-October low of 30,380 and not far from the all-time high of 34,006. In the meantime, the momentum indicators are probably showing [..]

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