Stock Market News / Page 3

Technical Analysis – US 500 index charts a double top pattern

Posted on July 1, 2024 at 3:36 pm GMT

US 500 index pauses record rally around 5,520 Technical indicators signal more weakness ahead Sellers could take control below 5,395 The US 500 stock index (cash) opened on the negative side on Monday to test the 5,450 region, which seems to be the neckline of a bearish double top pattern. The RSI and the MACD cannot discount the possibility of a bearish continuation as the former has changed course to the downside after peaking in the overbought zone and [..]

Technical Analysis – Will the US 100 stock index revisit the 20,000 mark?

Posted on June 27, 2024 at 3:13 pm GMT

US 100 index turns up, but it’s not out of the woods yet Bulls need approval near 19,840 to renew record rally The US 100 stock index started Thursday’s session on the right foot, extending its recent upturn to 19,848 after a short break on Wednesday. A close above Wednesday’s bar of 19,814 could pave the way for the 20,084-20,200 region, bounded by the ascending lines drawn from the beginning of the year. A steeper increase might take a breather near April’s resistance line at [..]

Technical Analysis – JP 225 extends rally to 2-month high

Posted on June 27, 2024 at 1:48 pm GMT

JP 225 index has been steadily advancing in the short term On Wednesday, price jumped to its highest since April 12 Momentum indicators are heavily skewed to the upside The JP 225 index (cash) had been trading without clear direction since early May, fluctuating around its 50-day simple moving average (SMA). In the near term, the price broke above that crucial barrier and edged higher to a fresh two-month high. If the price extends its recent gains, the April resistance of 39,950 could curb initial upside [..]

Technical Analysis – Tesla stock advances to 2-month high

Posted on June 27, 2024 at 12:05 pm GMT

Tesla shares jump to highest level since April 26 Bulls violate restrictive trendline taken from July 2023 Momentum indicators improve drastically Tesla has been among the worst performing stocks of the S&P 500 in 2024, but lately it has started to show some signs of life. After a consolidation period, the price advanced above the downward sloping trendline that connects its lower highs from July 2023, leading to a fresh two-month high. Should buying pressures persist, the price may test the April high of [..]

Nvidia rebounds as investors seem eager to buy the AI dip – Stock Markets

Posted on June 26, 2024 at 2:41 pm GMT

Nvidia erases a significant part of its 3-day slide Investors are bullish as AI keeps delivering earnings Subdued volatility hints low odds of a broader correction Nvidia’s roller coaster ride moves markets The last few days have been eventful for the US stock market mainly because of Nvidia’s volatile moves. The AI darling lost over $430 billion in market capitalisation in three successive sessions starting from last Thursday, marking the largest three-day loss in the stock market’s history and [..]

Technical Analysis – Nvidia bulls could take some rest

Posted on June 21, 2024 at 12:57 pm GMT

Nvidia’s stock drifts lower after peaking in the 140 area Technical signals confirm overbought conditions; next support at 126 Long-term outlook positive above 109.85 Nvidia’s stock closed Thursday’s session sharply lower at 130.24 after stretching its record rally to 140.29. There was no serious headwind behind the decline, which feeds speculation that traders probably decided to lock some profits near the 140 psychological mark. The question now is whether the bearish action could gain more legs in the coming sessions. [..]

What’s the outlook for European stocks? – Stock Markets

Posted on June 19, 2024 at 1:59 pm GMT

European stock markets tremble on political turmoil Fears of a potential debt crisis further darken outlook Strong US economy and tech dominance emerge as headwinds Markets dislike uncertainty European equity markets took a hard beating in the aftermath of the European Parliamentary elections, which showed an overall rise in far-right parties’ popularity. In France, the results forced the President Emmanuel Macron to call a snap election, triggering a strong selloff in the CAC 40 index. In general, political uncertainty [..]

Technical Analysis – US 500 index eases after the climb to new high

Posted on June 17, 2024 at 9:46 am GMT

US 500 index calms near the 261.8% Fibonacci extension level RSI and Stochastics are flattening The US 500 (cash) index has been moving with weak momentum over the last couple of sessions after the surge towards a new record peak of 5,449.73, holding near the 261.8% Fibonacci extension level of the up leg from 4,924 to 4,100 at 5,425. The market is looking overstretched as the technical oscillators are moving horizontally near their overbought territories. The RSI is flattening [..]

Stock markets and football sometimes mix well – Special Report

Posted on June 14, 2024 at 7:44 am GMT

The 2024 European Football Championship starts today History points to strong stock market performance for the host country Major sporting events held in the eurozone could boost growth ECB to monitor consumer sentiment more closely With the market digesting the latest developments, it is time for football on both sides of the Atlantic Ocean. The 2024 European Football Championship starts in Germany, followed by the Copa America tournament a week later. The euro as it is called, which is held every four [..]

Technical Analysis – Apple stock restores uptrend after a year

Posted on June 13, 2024 at 2:42 pm GMT

Apple breaks long-term range to mark record high within 200 territory Short-term steep rally could take a breather as overbought signals strengthen On Tuesday, Apple unveiled its own AI tools, propelling its stock to uncharted territory. Weaker-than-expected US CPI inflation data added fresh impetus to the stock on Wednesday, extending the rally above the resistance line, which connects the 2021 and 2023 highs, and towards an all-time high of 220. The stock’s gains were trimmed due to the Fed’s hawkish communication, but [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms

How to Access

Telegram Chat Terms

Stock Market News