Stock Market News / Page 39

Technical Analysis – Apple stock posts fresh 6-month high

Posted on March 21, 2023 at 12:52 pm GMT

Apple’s stock has been trending higher since late December, generating a fresh six-month high of 157.65 in the previous daily session. Moreover, the ascending 50-day simple moving average (SMA) is positively closing the gap with the 200-day SMA, where a potential golden cross may accelerate the rally. The momentum indicators currently suggest that bullish pressures are intensifying. Specifically, the stochastic oscillator is ascending within the 80-overbought zone, while the MACD histogram is strengthening above both zero and its red signal line. Should the rally [..]

Technical Analysis – JP225 cash index could see a sizeable move soon

Posted on March 21, 2023 at 8:28 am GMT

The JP225 cash index is trying to stay in the green as volatility today is lower following a short period of extreme market movements. The index remains below the 38.2% Fibonacci retracement level of the March 8, 2022 – August 17, 2022 uptrend of 27,423. More importantly, there is an impressive convergence of the 50-, 100- and 200-day simple moving averages (SMAs) taking place that, in our book, is a signal for a sizable move coming soon. The Average Directional Movement Index (ADX) [..]

Technical Analysis – US 500 index hovers around 200-day SMA

Posted on March 20, 2023 at 1:55 pm GMT

The US 500 stock index (cash) experienced a significant pullback after its advance got rejected at the 4,195 region. Even though the price bounced off the 3,812 zone and attempted a rebound, the 200-day simple moving average (SMA) has repeatedly curbed the upside. The short-term oscillators currently suggest that bearish forces are in control. Specifically, the RSI has flatlined below its 50-neutral mark, while the MACD histogram remains below both zero and its red signal line. What’s more, the US 500 index has respected [..]

Technical Analysis –JP225 cash index tries to recover some recent losses

Posted on March 16, 2023 at 9:44 am GMT

The JP225 cash index is staging a small comeback today following five consecutive negative sessions amidst the wider market developments that pushed it around 8% lower from the March 9 high. It is currently battling with the 50% Fibonacci retracement level of the March 8, 2022 – August 17, 2022 uptrend of 26,866, the midpoint of the very wide range that the index has been trading since March 2022. The large moves might actually not be over considering the current convergence [..]

US500 cash index: Top-down Technical Analysis – Special Report

Posted on March 15, 2023 at 3:49 pm GMT

During tumultuous times like the current post-SVB collapse period, the top-down technical analysis could be the compass for market investors/traders. Focusing on multiple timeframes can protect from decisions based purely on the very short-term periods examined. This process tends to be more time-consuming and understandably most traders ignore it, but the benefits clearly outweigh the negatives. In this report we analyse the US500 cash index, which along with other stock indices continues to feel the banking sector aftershocks, starting from [..]

Technical Analysis – GER 40 index crashes as bank risks stretch to Europe

Posted on March 15, 2023 at 12:52 pm GMT

The German 40 index (cash) returned to losses as Credit Suisse came to the center of the bank turmoil on Wednesday, with the index plummeting to a three-month low of 14,695. From a technical perspective, the index could not find enough buyers to overcome the 20-period simple moving average (SMA) on the four-hour chart despite stubbornly testing the line over the past couple of sessions. Consequently, the price plunged below the 14,900 support area, which overlaps with the 38.2% Fibonacci retracement of [..]

Technical Analysis – Goldman Sachs stock plummets amid banking sector crisis

Posted on March 14, 2023 at 2:27 pm GMT

Goldman Sachs’ stock has been experiencing significant losses following the collapse of the Silicon Valley Bank on Friday and the broader crisis in the financial sector. However, the price managed to recoup some losses and open higher today, indicating that this steep decline could be overstretched. The latest bounce to the upside is also promoted by the momentum indicators, which are rebounding from oversold conditions. Specifically, the stochastic oscillator posted a bullish cross within the 20-oversold zone, while the RSI [..]

Technical Analysis – US 100 cash index hovers above key level

Posted on March 14, 2023 at 9:46 am GMT

The US 100 cash index is trying to find a new balance following the recent market developments. It is currently trading above the 200-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the November 22, 2021 – October 13 downtrend. This is the second attempt from the bulls to resist the bearish pressure that is dominating market sentiment since the February 2 high of 12,894. The bulls cannot rely on the Average Directional Movement Index (ADX) for [..]

Technical Analysis – US 500 index meets broken trendline

Posted on March 13, 2023 at 12:30 pm GMT

The US 500 futures (cash) came under renewed downside pressure last Friday as cracks in the US banking sector resurfaced, with the index drifting lower to mark a new one-month low at 3,845. The sharp decline squeezed the price below the 200-day simple moving average (SMA), which had been acting as support since the end of January, increasing fears that the sell-off may continue. While the negative trajectory in momentum indicators keeps the bias on the bearish side, the broken resistance [..]

Is the risk/reward in US stock markets worth it? – Special Report

Posted on March 10, 2023 at 12:47 pm GMT

The new year got off to a solid start for US equity markets, with the tech-heavy Nasdaq leading the charge higher as fears of an imminent recession abated. Alas, this rally seems unsustainable. Valuations are still expensive, corporate earnings are contracting, and investors can now earn 5% returns in risk-free bonds instead of taking chances in riskier assets. That’s a dangerous mix for stocks. Euphoria returns Stock markets kicked off the new year with a bang. The Nasdaq has gained [..]

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