Stock Market News / Page 18

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 [..]

Technical Analysis – US 500 index reclaims 4,500, threatening September highs

Posted on November 20, 2023 at 10:23 am GMT

US 500 stock index posts fresh 2½ -month high But advance seems to be taking a breather Momentum indicators approach their overbought zones The US 500 stock index (cash) has been staging an aggressive rally since it bottomed out in late 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 have approached overbought levels. Should buyers attempt to push the price higher, immediate resistance could be found [..]

Nvidia set for stellar earnings report; focus on guidance – Stock Markets

Posted on November 16, 2023 at 2:51 pm GMT

Nvidia earnings to be released after market close on November 21 Both earnings and revenue expected to skyrocket Stock price trades near all-time high; is there more upside? The AI darling Nvidia is by far the best performing stock in both the Nasdaq 100 and S&P 500 indices in 2023, with its price enjoying a massive rally on the back of the Artificial Intelligence (AI) mania. The leading chipmaker’s shares have more than tripled year-to-date, while they are trading just shy of [..]

Technical Analysis – US 30 index continues the upside rally near 35,000

Posted on November 16, 2023 at 8:44 am GMT

US 30 holds above 61.8% Fibo and SMAs RSI and stochastic suggest bearish correction in near term Only a move above 35,985 would shift broader bias to positive The US 30 (Cash) index has advanced considerably after the bounce off the 32,320 support level, overcoming the 200-day simple moving average (SMA) and the shorter-term SMAs. Notably, the price is rallying well above the 61.8% Fibonacci retracement level of the down leg from 35,685 to 32,320 at 34,400 but with weaker [..]

Technical Analysis – US 500 index snaps downtrend

Posted on November 15, 2023 at 9:19 am GMT

The US 500 index breaks downtrend after amazing rally Short-term bias bullish, but overbought conditions evident The US 500 stock index (cash) enjoyed its fastest daily rally (+2%) in a year on Tuesday, successfully scraping off the aggressive sell-off that started on September 15th to trade around 4,500 again. The latest bullish explosion indicates that the price will continue to rise as it is significantly above the descending trendline from July and its simple moving averages. Yet, the overbought signals coming from [..]

Technical Analysis – Nvidia stock set to test all-time high ahead of earnings

Posted on November 14, 2023 at 2:55 pm GMT

Nvidia in a steady advance month-to-date Aims to revisit its record high as earnings call draws closer Momentum indicators are just shy of their overbought marks Nvidia has been the best performing stock of the S&P 500 in 2023, gaining around 250% before experiencing a downside correction. However, the price has regained traction following its bounce off the five-month bottom of 392.00 in late October, with the bulls eyeing the all-time high of 497.80. Should the price extend its advance ahead [..]

Technical Analysis – US 100 cash index rally pauses

Posted on November 14, 2023 at 8:46 am GMT

US 100 cash index edges higher today, tests September highs It has decisively broken above the July 19, 2023 trendline Momentum indicators remain mostly bullish The US 100 cash index is trying to record a green candle today as it tests the September highs. It has recorded an impressive rally from the October 26, 2023 low with the bulls decisively breaking the July 19, 2023 descending trendline and cancelling out the developing bearish pattern of lower lows and lower highs. In [..]

Technical Analysis – JP 225 index holds above crucial trendline

Posted on November 9, 2023 at 3:53 pm GMT

JP 225 index trades sideways after strong advance pauses Remains supported by the 50-day SMA and descending trendline Momentum indicators suggest more gains in the near term The JP 225 index (cash) stormed higher after validating a double bottom pattern around the 30,400 region in late October. Although the price jumped to its highest level since September 20, it has been rangebound since then appearing unable to extend its advance. If the bullish pressures persist, the price could revisit its recent resistance of [..]

Technical Analysis – Next leg in US 500 cash index could be critical

Posted on November 9, 2023 at 8:15 am GMT

US 500 cash index trades sideways after recent upleg Strong rebound from late-October lows amidst key market events Mixed momentum indicators complicate the short-term outlook The US 500 cash index is trying to record a green candle today as it trades between the 50- and 100-day simple moving averages (SMAs). It currently stands around 7% higher than the October 27 low with the rally stopping, potentially temporarily, a tad below the previous peak recorded on October 12. Thus, the US [..]

Technical Analysis – US 30 cash index at key resistance area

Posted on November 8, 2023 at 3:21 pm GMT

US 30 index edges higher, a tad below a key support area The current higher high broke a significant bearish pattern Momentum indicators appears to be less bullish after the strong rally The US 30 cash index is trying to record its second consecutive green candle as it trades around 6% higher than the October 27 low of 32,324. It has been an impressive bullish reaction that also managed to cancel the recent bearish series of lower lows and lower [..]

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