Stock Market News / Page 23

Technical Analysis – US 500 index challenges 50-day SMA

Posted on September 11, 2023 at 12:51 pm GMT

US 500 index rebounds from its September low Bulls attack the 50-day SMA Momentum indicators point to short-term gains The US 500 stock index (cash) is currently testing the 50-day simple moving average (SMA), with short-term oscillators endorsing this latest advance. The MACD jumped above its red signal line in the positive zone, while the RSI is hovering above the 50-neutral threshold. If buyers propel the price above the 50-day SMA, initial resistance could be found at the recent rejection region of 4,540. Surpassing [..]

Technical Analysis – US 30 cash index bearish move could have legs

Posted on September 7, 2023 at 7:37 am GMT

The US 30 cash index is recording another red candle as the bears are trying to push the index below the recent low of 34,024 and form a bearish structure of lower lows and lower highs. This appears to be the first proper reaction from the bears since the US 30 cash index set a new 17-month high of 35,686 on July 27, 2023. The current bearish pressure is clearly depicted in the momentum indicators. More specifically, the RSI has again dipped below [..]

Can equities keep ignoring downside risks? – Stock Markets

Posted on September 6, 2023 at 1:36 pm GMT

Major US stock indices have rallied hard in 2023, with the Nasdaq 100 and S&P 500 gaining around 33% and 17% year-to-date, respectively. Surprisingly, this stellar performance has come in a period of rising interest rates, slowing economic growth and declining corporate earnings. As major economies are starting to feel the lagging effect of high interest rates, which is casting shadows over the global economic growth outlook, will the stock market rally start to fizzle out? Equity analysts seem way [..]

Technical Analysis – JP225 cash index bulls’ determination in question

Posted on September 5, 2023 at 7:40 am GMT

The JP225 cash index is trying to register its fourth consecutive green candle but the rally seems to have halted temporarily at the June 16, 2023 downward sloping trendline. This is the third time that this trendline appears to limit the bulls’ appetite, allowing the formation of a bearish series of lower lows and lower highs. In the meantime, the momentum indicators remain mostly on the bulls’ side. The RSI has made a higher high, but it appears to be [..]

Technical Analysis – US 500 attempts to revisit 2023 highs

Posted on September 4, 2023 at 12:03 pm GMT

The US 500 stock index (cash) had been undergoing a pullback after marching to a fresh 16-month high of 4,606 on July 27. However, the index managed to find its footing at 4,342, which is the 23.6% Fibonacci retracement of the 3,486-4,606 upleg, and storm back higher towards its recent peaks. The short-term oscillators currently suggest that bullish forces are intensifying. Specifically, the MACD is strengthening above zero and its red signal line, while the RSI is advancing steadily above its 50-neutral mark. [..]

Technical Analysis – US 100 index throws doubt on the latest bear attack

Posted on August 31, 2023 at 2:43 pm GMT

The US 100 stock index (cash) will be closely watched throughout the day as the bulls re-examine the tentative short-term descending trendline drawn from July’s 1½-year high at 15,480. A decisive step above that bar at 15,480 would call into question the downfall from recent highs, likely motivating an ascent towards the 15,800-15,930 ceiling. A victory at this point could produce another upleg to the 16,280 constraining zone, while higher, the focus will immediately fall on the resistance line that rejected the price [..]

What’s behind Nasdaq’s first monthly loss in 6 months? – Stock Markets

Posted on August 30, 2023 at 2:12 pm GMT

As the Q2 earnings season draws to an end and market participants are digesting the Fed’s updated view on the interest rate trajectory and inflation outlook, major US indices are heading for their first monthly loss in six months. Nvidia’s upbeat earnings solidified the view that Artificial Intelligence (AI) is currently the biggest growth lever in the economy, but that did not manage to prevent the Nasdaq from forming a red monthly candlestick. Is the year-to-date stock market rally starting to fizzle out? Earnings fail to impress The last few weeks [..]

Technical Analysis – Disney stock seeks a pivot after new lows

Posted on August 29, 2023 at 12:22 pm GMT

Walt Disney’ stock tumbled to the lowest level since the pandemic crash last Friday before forming a green doji candlestick on Monday around the 82.37 trough. The stock is hovering at a low level that is considered attractive, and indicators like the RSI and Stochastic oscillator confirm that it may be oversold. On the other hand, the price is still trading below its 20- and 50-day exponential moving averages (EMAs), while two potential resistance lines could still reject any increases at 85.40 and 89.50 [..]

Technical Analysis – US 500 gets rejected by 50-day SMA

Posted on August 28, 2023 at 2:30 pm GMT

The US 500 stock index (cash) had been undergoing a pullback after marching to a fresh 16-month high of 4,606 on July 27. Even though the price managed to rebound at 4,342, which is the 23.6% Fibonacci retracement of the 3,486-4,606 upleg, its upside got capped by the 50-day simple moving average (SMA). The short-term oscillators currently suggest that bullish forces are strengthening but have not taken control yet. Specifically, the MACD is gaining ground but remains below zero and its [..]

Technical Analysis – JP 225 index attempts rebound; bearish structure holds

Posted on August 23, 2023 at 2:21 pm GMT

The JP 225 index (cash) has been experiencing a downside correction after posting a new record high of 34,006 in mid-June. Even though the price managed to halt its retreat and recoup minor losses, its structure of lower highs and lower lows remains intact. The momentum indicators currently suggest that bullish forces are slowly picking up. Specifically, the stochastic oscillator is ascending after posting a bullish cross in the oversold zone, while the RSI gained some ground but holds below its 50-neutral mark. [..]

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