Stock Market News / Page 36

Technical Analysis – JP225 index advance stalls; bears prepare for a comeback

Posted on April 20, 2023 at 7:49 am GMT

The JP225 cash index is edging higher today, but the aggressive rally recorded since March 15 appears to have stalled at the 28,650 area. The current price action is a repeat of the early March movement when the bulls failed to close above the aforementioned area, prompting an around 8% sell-off to 26,457. On face value, the momentum indicators are still bullish. But closer examination reveals some cracks in the short-term bullish trend. More specifically, the Average Directional Movement Index (ADX) appears [..]

TSMC set to report earnings drop as chip demand slows – Stock Market News

Posted on April 19, 2023 at 2:09 pm GMT

The world’s leading chip producer, Taiwan Semiconductor Manufacturing Company, will report quarterly earnings on Thursday, April 19th. With the AI revolution being all the rage lately, these results will serve as a bellwether for the entire chip industry. Earnings are expected to have declined from last year, but that might not scare investors as it reflects heavy spending in expansion projects, and the valuation of its shares is attractive. Global leader The hype around artificial intelligence has reached fever pitch [..]

Technical Analysis – Tesla stock stuck in rectangle pattern ahead of earnings

Posted on April 19, 2023 at 1:53 pm GMT

Tesla’s stock had experienced a massive downtrend since September before recouping some losses in the beginning of 2023. In the short term, the share price has been moving without clear direction within a rectangle pattern, awaiting the crucial earnings report later on Wednesday for directional impetus. The momentum indicators are promoting a bearish outlook. Specifically, the MACD histogram is currently below zero and its red signal line, while the RSI is pointing down in the negative territory after failing to [..]

Technical Analysis – US 100 cash index edges lower; all eyes on the stochastic

Posted on April 19, 2023 at 8:12 am GMT

US 100 cash index is edging lower today as the bulls appear to be taking a breather following a decent move higher since the March 13 low. Their attempts to break the 13,206 level during April have failed, prompting a potential rethink of their strategy. Consequently, market volatility has been dropping with the Bollinger Bands tightening aggressively. Similarly, the various simple moving averages (SMAs) employed in our analysis have started to move horizontally, revealing a delicate market balance. The momentum indicators [..]

Netflix Earnings: Focus on ad-supported tier and password sharing crackdown – Stock Market News

Posted on April 13, 2023 at 2:37 pm GMT

The streaming giant, Netflix, will be the first of the FAANG clan to unveil its Q1 financial figures on Tuesday, April 18, after Wall Street’s closing bell. Although Netflix suffered a dramatic slowdown in its subscriber figures after the global recovery from the Covid-19 pandemic and posted its first quarterly subscriber loss in 10 years, it managed to regain investor trust on hopes that management’s restructuring plans and initiatives could flip things around. Will the ad-supported tier live up to [..]

Technical Analysis – US 30 cash index advance stalls

Posted on April 13, 2023 at 12:44 pm GMT

The US 30 cash index has enjoyed a strong rally since the March 15 low of 31,426, in line with other main stock markets. It managed to overcome some key levels with relative ease, but the rally appears to have stalled around the 33,650 area. This move higher felt like a relief rally with the bulls now preparing for the next leg higher. The Average Directional Movement Index (ADX) continues to indicate a strong trend in the market as it is hovering [..]

Tesla earnings expected to drop sharply in Q1 as margins come under pressure – Stock Market News

Posted on April 13, 2023 at 10:35 am GMT

Tesla Inc will report its first quarter earnings on Wednesday, April 19 after the market close amid slowing demand for the electric vehicle (EV) giant. With competition intensifying in the electric car market, Tesla has been forced to slash prices in recent months, hurting its enviably lofty margins. The Q1 earnings numbers should provide some indication as to whether or not this strategy is paying off. But investors will also want to hear about what new products are in the [..]

Technical Analysis – JPMorgan Chase range-trading continues; will there be first-mover advantage?

Posted on April 12, 2023 at 8:24 am GMT

JPMorgan’s (JPM) recovery since the October 12, 2022 low of 101.54 was interrupted by the March banking shenanigans. The stock dropped aggressively towards the 125 area where it remains for the past 25 days. Despite the positive news regarding the failed US banks, JPM bulls did not manage to stage a comeback prompting questions about the short-term outlook of the stock. JPM is actually hovering at a relatively busy area, revealing a fragile balance between market participants. This range-trading is depicted [..]

Can major US banks post solid earnings and restore credibility? – Stock Market News

Posted on April 11, 2023 at 1:29 pm GMT

As usual, the largest US investment banks will unofficially kickstart the first quarter earnings parade, with JP Morgan Chase, Citigroup and Wells Fargo unveiling their financial results on Friday, April 14, before Wall Street’s opening bell. Bank earnings have always been regarded as a proxy for the health of the broader economy, but now their role is magnified following the implosions of three US regional banks in March. Are financial institutions shielded against another systemic episode? Tumultuous quarter but contagion fears [..]

Technical Analysis – Has Citigroup’s rally run out of gas?

Posted on April 11, 2023 at 12:53 pm GMT

Citigroup’s rally appears to have hit a wall at the 47.00 area, with the stock currently hovering below the January 16, 2015 low of 46.65. It has actually been a good period for the bulls since the March 24 downside breakout, which proved short-lived, pushing the stock towards the middle of the year-long rectangle. This 42.81-54.30 range survived the October 2022 downside breakout, revealing an unstable balance among market participants. The convergence of the simple moving averages (SMAs) could be [..]

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