Stock Market News / Page 40

Technical Analysis – US 30 index may remain under pressure

Posted on March 10, 2023 at 12:42 pm GMT

The US 30 index (cash) plummeted to 31,979 on Thursday, exiting the five-month-old range to mark a new lower low. The aggressive decline squeezed the price below the 200-day simple moving average (SMA), which acted as a firm support twice since the start of November, increasing the risk for more downside. The negative slope in the momentum indicators is endorsing the bearish case, shifting attention to the 38.2% Fibonacci retracement of the 36,950-25,583 downleg at 31,772. Slightly lower, sellers could test the [..]

GER40 (DAX) cash index: Top-down Technical Analysis – Special Report

Posted on March 8, 2023 at 11:39 am GMT

GER40 (DAX) cash index: Top-down Technical Analysis – Special Report Technical analysis is generally accepted as a valid and quite key method of market analysis. This has not always been the case and there are still certain market pockets that continue to dismiss it as irrelevant. However, most accept that a proper application of technical analysis equips the participants with significant information to act upon. A mistake usually made when employing technical analysis is to rush into the specific timeframe of interest. Day traders [..]

Technical Analysis – Alphabet stock charges higher, slicing through 50-day SMA

Posted on March 7, 2023 at 12:24 pm GMT

Alphabet’s (Google) stock has experienced some significant swings in the short-term, with its latest retreat coming to an end around 18% below the stock’s 2023 high. However, the share price is exhibiting some signs of life in the last few daily sessions as it profoundly jumped above its 50-day simple moving average (SMA). The momentum indicators are endorsing this bullish near-term bias. Specifically, the stochastic oscillator is sloping upwards near the 80-overbought zone, while the RSI reclaimed its 50-neutral mark [..]

Technical Analysis – JP 225 index flies more than 5% to reach 3-month high

Posted on March 7, 2023 at 10:52 am GMT

The JP 225 index has advanced considerably by about 5% since roughly the end of February and is currently exiting from the upper Bollinger band, recording a new three-month high at 28,396. Looking at momentum indicators, the RSI is flattening near the 70 level, suggesting that the market may be overstretched, while the MACD is standing above its trigger and zero lines. In terms of negative pressures, the market could meet support at the 27,850 barrier before it heads lower [..]

Technical Analysis – US 500 index slices above 50-day SMA

Posted on March 6, 2023 at 9:27 am GMT

The US 500 stock index (cash) experienced a significant pullback after its latest advance came to a halt at the 4,195 region. However, the index managed to bounce back and recoup some losses in the last couple of daily sessions, jumping decisively above its 50-day simple moving average (SMA). The momentum indicators currently suggest that the buying interest is intensifying. Specifically, the RSI crossed above its 50-neutral mark, while the stochastic oscillator is ascending steeply near the 80-overbought zone. If bullish pressures persist, the [..]

Is the rally in FTSE 100 overstretched? – Stock market News

Posted on March 2, 2023 at 4:20 pm GMT

The FTSE 100 stock index recorded its best February in the past four years, while also posting an all-time high on February 16. What’s interesting is that this new peak came in a period when US indices are trading way below their all-time highs and the broader UK economy remains in worse shape than those of most major developed countries. Therefore, what are the main drivers behind this advance? Outperformance in a turbulent era The UK stock market has had [..]

Technical Analysis – US 100 cash index remains above key area

Posted on March 1, 2023 at 1:36 pm GMT

The US 100 cash index continues to trade sideways, just above the busy 11,900-11,926 area populated by the 23.6% Fibonacci retracement level of the November 22, 2021 – October 13 downtrend and the 200-day simple moving average (SMA) respectively. This is the first decent correction following the 21% rally that was recorded during the January 6 – February 2 period, as the market is trying to find its next direction. The Average Directional Movement Index (ADX) is pointing to a developing [..]

Technical Analysis – Apple stock retraces lower but 200-day SMA caps decline

Posted on March 1, 2023 at 12:34 pm GMT

Apple’s stock had been trending lower since mid-August, plunging to a 20-month low of 124.00. Nevertheless, the price has been attempting a recovery in the short term, which has paused for now after failing to cross above the 157.20 ceiling. The momentum indicators currently suggest that bullish forces are in control. Specifically, the RSI climbed slightly above its 50-neutral mark, while the stochastic oscillator posted a bullish cross. To the upside, if the advance resumes, immediate resistance might be encountered [..]

Technical Analysis – US 500 plummets but 200-day SMA curbs decline

Posted on February 28, 2023 at 12:45 pm GMT

The US 500 stock index (cash) staged a massive rebound after posting a fresh 23-month low of 3,490 in October. However, the index has experienced a moderate downside correction in the short term, with the retreat coming to a halt at the 200-day simple moving average (SMA). The short-term oscillators currently suggest that the bearish forces are strengthening. Specifically, the RSI is flatlining beneath its 50-neutral mark, while the MACD histogram has dropped below both zero and its red signal line. If selling pressures intensify, immediate support [..]

Has the 2023 stock market rally fizzled out? – Stock Market News

Posted on February 23, 2023 at 12:53 pm GMT

As a tough earnings season draws to an end, market participants are closely scrutinising the companies’ weakening financial results to determine whether the 2023 stock market had been overstretched. Recently, strong economic data points coming out of the US poured cold water on expectations of a so-called Fed pause or pivot, inducing further downside pressure on risky assets. As both inflation and recession fears continue to haunt markets, what does the future hold for Wall Street? Earnings disappoint The last [..]

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