Stock Market News / Page 26

Technical Analysis – Microsoft stock sustains positive trend

Posted on July 25, 2023 at 3:33 pm GMT

Microsoft stock opened mildly higher on Tuesday, edging up to 347.97 as investors eagerly awaited the company’s Q2 earnings and its outlook on artificial intelligence after the market close. The price has been in a bearish corrective mode during previous sessions following the peak at a new record high of 366.49 last Wednesday, but the long-term uptrend from the November low of 213.17 is still well intact. The technical indicators are currently sending mixed signals, providing little direction about the next move in [..]

Technical Analysis – Mastercard stock sets new record high; a correction is long overdue

Posted on July 25, 2023 at 3:29 pm GMT

Mastercard is edging lower today after recording a new all-time high of 404.51 in yesterday’s session, just a few days before the scheduled earnings release for the second quarter of 2023. The rally since the October 13, 2022 low has been impressive, with the latest leg from the May 31 low being almost exponential and the pattern of higher highs and higher lows remaining intact. This situation is reflected in the stochastic oscillator as this indicator continues to trade at [..]

Meta Platforms Earnings: Will they add fuel to the stock’s uptrend? – Stock Market News

Posted on July 25, 2023 at 11:35 am GMT

This week, investors are locking their gaze on their screens, awaiting earnings results from tech-giants in order to evaluate whether they were correct on increasing so much their exposures since October. With the euphoria around artificial intelligence (AI) being the main catalyst behind this accelerating uptrend, market participants may be eager to find out more about Meta Platforms’ earnings and plans to leverage its AI business when the firm announces its Q2 results on Wednesday after the closing bell. Is [..]

Technical Analysis – Google’s stock lacks buying appetite ahead of earnings

Posted on July 25, 2023 at 10:45 am GMT

Google’s summer trading in stock markets has been lacklustre compared to its spring rocket rally to a more-than-a-year high of 129.46. The stock has been swinging to the downside for more than a month now, but the support trendline from March has been protecting the market from a bearish trend reversal. The price bounced on the line last week, with the 23.6% Fibonacci retracement of the 83.27-129.46 upleg cementing that floor at 118.55. That said, buying interest remains muted according to the technical [..]

Can Alphabet (Google) earnings impress as stock lags other tech giants? – Stock Market News

Posted on July 24, 2023 at 1:17 pm GMT

Google parent Alphabet Inc is scheduled to report its earnings results for the second quarter on Tuesday after the market close. With all the rage about Artificial Intelligence (AI), Alphabet has a lot to live up to as it has to prove to investors that it can keep up with Microsoft, which at the moment, is leading the AI race. Alphabet may yet have a few tricks up its sleeve but how well its ad business is faring will be [..]

Technical Analysis – Could the current Visa stock pullback morph into a proper downleg?

Posted on July 20, 2023 at 2:35 pm GMT

Visa stock is hovering above the busy 235.75-237.30 area, after climbing to 245.14 on July 17, the highest level since August 2, 2021. It has been an impressive period for Visa bulls since the October 13, 2022 trough with a bullish pattern of higher highs and higher lows developing over this timeframe. The market, though, is now preparing for Tuesday’s Q2 earnings report. However, the positive news for the bulls appears to stop here. The Average Directional Movement index (ADX) is [..]

Technical Analysis – JP225 cash index correction could persist if the next trough is below 31,767

Posted on July 20, 2023 at 7:36 am GMT

The JP225 cash index is trading lower today as the bulls are finding it difficult to regain control of the market. A series of lower highs and lower lows is already in place with the bears aiming for the next trough to occur below the latest low of 31,767, which coincides with a key support level. While the medium-term trend remains bullish, the current short-term downleg has managed to reset the momentum indicators. The Average Directional Movement Index (ADX) is edging [..]

Microsoft Q2 Earnings: ChatGPT and AI performance take centre stage – Stock Market News

Posted on July 20, 2023 at 6:36 am GMT

The next week will be packed with major US tech companies’ earnings releases, which are expected to garner significant attention as the buzz around Artificial Intelligence (AI) has been the main driver behind the 2023 equity market rally. Microsoft, alongside Alphabet, will be the first to unveil its Q2 financial performance on Tuesday after Wall Street’s closing bell. Will the fundamentals support the exponential rally, or will guidance around AI initiatives steal the limelight? Stellar quarter leads to record high [..]

Technical Analysis – US 100 index makes new higher highs

Posted on July 19, 2023 at 11:18 am GMT

The US 100 stock index (cash) revived its 2023 bullish outlook after a constructive week, marking a new higher high at 15,986 on Tuesday. The uptrend shows no signs of abating despite warnings of an overbought market from the RSI and the Stochastic oscillator. The upward-sloping moving averages (SMAs) are endorsing the positive trajectory in the market as the price is aiming for the 16,000 psychological number. Yet, some caution might develop in the coming sessions as the index is facing limitations [..]

Technical Analysis – Netflix stock aims to fill gap after Q2 earnings call

Posted on July 19, 2023 at 11:03 am GMT

Netflix’s stock has been staging a massive recovery after posting a five-year low of 161.40 in May 2022. Moreover, the price jumped to a fresh 1½-year high of 477.65 in the latest daily session just one day ahead of its Q2 earnings announcement, attempting to fill the January 2022 gap. The short-term oscillators are clearly tilting to the bullish side. Specifically, the RSI has crossed above its 70-overbought mark, while the MACD jumped above its red trigger line for the [..]

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