Stock Market News / Page 25

Technical Analysis – US 500 cash index tries to find its footing

Posted on August 9, 2023 at 2:33 pm GMT

The US 500 cash index is in the red again today as it is trying to find its footing now that the earnings reporting season is coming to an end. It feels like the bulls are taking a well-deserved breather after recording a massive 32% rally from mid-October 2023 and a 21% advance since the March 13, 2023 low. However, they appear to be on high alert to stop the current correction from snowballing and potentially ruining the recent bullish [..]

Technical Analysis – JP225 cash index correction to gain pace with a new lower low

Posted on August 3, 2023 at 12:10 pm GMT

The JP225 cash index is recording another decent red candle as it is trying to register a lower low. Since reaching the 2023 high of 34,006 on June 16, 2023, the JP225 index has been under significant bearish pressure. However, today’s move has finally broken the March 15, 2023 upward sloping trendline, potentially opening the door to a more sizeable pullback. The momentum indicators have not been overly impressed by the recent price action with only the RSI dropping aggressively [..]

Technical Analysis – Amazon stock erases pullback as earnings announcement looms

Posted on August 2, 2023 at 12:06 pm GMT

Amazon’s stock has been in a steady uptrend since the beginning of the year, attempting to erase part of its 2022 decline. In the short term, the stock experienced a pullback after posting a fresh 2023 peak of 136.30, but quickly found its footing around the 50-day simple moving average (SMA). The momentum indicators are currently reflecting a divergence. On the one hand, stochastics are ascending near the overbought territory, whereas the MACD has retreated below its red signal line in [..]

Technical Analysis – Apple stock pauses rally ahead of earnings

Posted on August 2, 2023 at 9:52 am GMT

Apple’s stock has been in a steep uptrend since the beginning of the year, posting consecutive multi-year peaks. However, in the past two weeks, the price appears to be consolidating near its recent record high of 198.08 ahead of the Q2 earnings call on Thursday. The momentum indicators currently suggest that near-term risks are tilted to the upside. Specifically, the stochastic oscillator is ascending near its 80-overbought zone, while the RSI is flatlining above its 50-neutral mark. Should earnings surprise [..]

Apple Q2 Earnings: Divergence between fundamentals and share price – Stock Markets

Posted on August 1, 2023 at 3:13 pm GMT

Apple will unveil its second quarter financial results on Thursday, August 3, after Wall Street’s closing bell. Earnings and revenue figures are expected to have contracted on an annual basis as consumer demand seems to be fading across the globe. However, Apple’s stock has been in a relentless rally since the beginning of the year, posting consecutive fresh all-time highs and pushing its valuation towards expensive territories. Huge divergence The most valuable publicly traded company in the world has exhibited [..]

Technical Analysis – US 100 index safeguards 2023 upleg

Posted on August 1, 2023 at 1:24 pm GMT

The US 100 stock index (cash) rotated higher around its 20-day simple moving average (SMA) at 15,450 last Friday and above June’s high of 15,280, retaining confidence in its 2023 uptrend. Although the bearish doji at the top of the uptrend remains worrisome, the latest upturn keeps the focus on July’s 1½-year high of 15,896. The bulls could even attempt to mark a new higher high near the resistance line from February at 16,140 if the 20-day SMA at 15,460 holds firm. Running [..]

Technical Analysis – Meta stock pauses 2023 rally ahead of earnings

Posted on July 26, 2023 at 1:54 pm GMT

Meta’s (Facebook) stock has been in a steep uptrend since it bottomed out in October 2022, attempting to erase its 2022 slump. However, in the past few daily sessions, the price has experienced a pullback just shy of the 78.6% Fibonacci retracement of the downtrend drawn from the record high observed in 2021 until last year’s bottom. The short-term oscillators are reflecting this loss of positive momentum. Specifically, the RSI fell steeply but managed to hold above its 50-neutral mark, [..]

Technical Analysis – US 30 cash index sets new 2023 high, but current upleg too aggressive

Posted on July 26, 2023 at 1:23 pm GMT

The US 30 cash index is edging lower today as the latest rally appears to have halted at the busy 35,091-35,496 range. The US 30 index actually registered a new 2023 high and its highest print since April 2022, finally overcoming the December 13, 2022 peak. The momentum indicators remain mostly supportive of the current upleg. More specifically, the RSI has reached its highest point since the August 2022 rally, but it appears to have peaked. Similarly, the Average Directional Movement [..]

Amazon Q2 Earnings: AWS and E-commerce segment follow different paths – Stock Market News

Posted on July 26, 2023 at 10:10 am GMT

Amazon.com will unveil its Q2 financial results on Thursday, August 3, after Wall Street’s closing bell. The world’s biggest online retailer is set to post solid figures as its aggressive expansion in a range of secondary sectors seems to be coming to fruition. Also, the e-commerce segment is expected to rebound despite global weakening consumer demand, while Amazon Web Services (AWS) will most likely continue exhibiting slowing growth. Lastly, investors may expect to hear some fresh Artificial Intelligence (AI) initiatives. Good [..]

AMD reports earnings; What’s on the cards? – Stock Market News

Posted on July 26, 2023 at 8:45 am GMT

Advanced Micro Devices (AMD) will release its latest earnings on Tuesday, August 1, after Wall Street’s closing bell. Earnings are expected to have declined from last year, amid a sharp slowdown in gaming demand. Nonetheless, AMD shares have risen 76% so far this year, as investors are razer-focused on the company’s future prospects in the AI revolution. AMD shares storm higher It has been a magnificent year for AMD shareholders. With the hype surrounding artificial intelligence (AI) reaching fever pitch, [..]

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