Stock Market News / Page 41

Technical Analysis – Amazon stock skids again as moving averages cap advance

Posted on February 21, 2023 at 2:13 pm GMT

Amazon stock hit a near one-month low on Friday after both the 100- and 200-day simple moving averages (SMA) blocked the latest upswing. The stock has been in retreat after peaking at the three-month high of 113.53 on February 2, but it had started to show some signs of life last week after notching up three days of gains. The momentum indicators reinforce the weakening bias as the stochastics have just posted a bearish crossover, while the MACD continues to [..]

Technical Analysis – UK 100 index’s picture dampens after record high above 8,000

Posted on February 21, 2023 at 9:17 am GMT

The UK 100 index gained significant buying traction above 8,000 in the previous week, with the price quickly returning lower and posting a sideways move in the short-term. The negative slope in the RSI and the falling MACD are endorsing the current neutral-to-bearish momentum in the price, though with the former nearing its 70 overbought level suggesting an overstretched market, the bears could be around the corner. A decisive close above the 8,000 psychological mark could reduce negative risks, producing another bullish [..]

Technical Analysis – US 500 index seems to be looking for recovery after 6-month peak

Posted on February 21, 2023 at 7:45 am GMT

The US 500 (cash) index is losing some momentum around the 4,050 level but it remains above the medium-term uptrend line and also well above the long-term descending trend line. The index failed to surpass the 4,200 round number with the technical oscillators suggesting that more gains may be on the cards. The RSI is resting near the neutral threshold of 50 after the fall from 70 level, while the MACD is heading south below its trigger line in the [..]

Equity indices continue higher unhindered – Stock Market News

Posted on February 17, 2023 at 1:58 pm GMT

Equity markets globally continue their advances unscathed by both the recent economic developments and balloon attacks. Amongst the key indices, the Italian MIB index leads the charge with a 16.2% increase since year-end, followed by Nasdaq 100 with a sizeable 13.4% rally. It is really intriguing that the European stock indices have been outperforming their US counterparts in the past 14 months. Could the European economy be in better shape than widely assumed? Stock markets are rumoured to reflect future [..]

Technical Analysis – Lyft stock begins to close gap after crash

Posted on February 16, 2023 at 3:19 pm GMT

Lyft stock has recorded three days of gains as it attempts to recoup the heavy losses incurred on the back of the company’s weak Q1 guidance issued at last week’s earnings call. The price has started Thursday’s session slightly softer and the momentum indicators are looking a little less encouraging too. But further upside is possible in the near term. The RSI, although flatlining slightly, does have the potential to stretch further up to recover above the 50 neutral level, [..]

What does the current yield curve inversion tell us about future asset performance? – Special Report

Posted on February 15, 2023 at 2:52 pm GMT

Economists and market participants enjoy identifying indicators that, according to their analysis, reveal the future economic performance. Among the plethora of such indicators, the inverted 2-year/10-year (2s10s) US yield curve holds a special place in their hearts as it has predicted the most recent recessions. At the moment, the 2s10s US curve trades at an extremely inverted level that has been seen only twice in the past 40 years. What were the economic conditions that led up to this inversion [..]

Technical Analysis – US 500 index rebound runs into trouble at 50% Fibo

Posted on February 15, 2023 at 2:33 pm GMT

The US 500 stock index (cash) has been edging sideways after the rebound from October’s two-year low of 3489.76 hit the buffers near the 50% Fibonacci retracement of the correction from the all-time high of 4,817.51. The latest upward attempt came on Tuesday, but the bulls could only manage a brief spike above the 50% Fibo of 4,153.64. The positive momentum has since started to wane, although it has not completely dissipated. The RSI is sloping downwards but is holding [..]

The good and bad news for the US stock rally – Stock Market News

Posted on February 10, 2023 at 3:46 pm GMT

Major US stock indices kicked off the year on a strong note, with the Nasdaq 100 marking a four-week streak of increases. While the positive market structure looks promising, it could easily crack as lower-quality stocks seem to be leading. The good news Fundamentals have become more favourable for stock markets lately, helping the tech-heavy Nasdaq 100 index jump out of its range area and gain 15% year to date. Although the percentage change in the broader S&P 500 index was half that [..]

Technical Analysis – Walt Disney consolidates after impressive rally

Posted on February 8, 2023 at 9:44 am GMT

Walt Disney has made an impressive recovery since touching the 3-year low of 83.97 on December 28, 2022. It is currently hovering just below the 23.6% Fibonacci retracement of the March 8, 2021 – December 28, 2022 downtrend as the market appears to be catching its breath. The latest upward move has managed to push the stock above the previous high of 108.72, breaking a long series of lower highs and lower lows. A local trough above the 83.97 area could [..]

Technical Analysis – UK 100 hangs near all-time high

Posted on February 7, 2023 at 1:47 pm GMT

The UK 100 stock index (cash) has fully recovered the pandemic’s loss but with a long delay compared to other major European and US indices, peaking at a new record high of 7,912 last Friday despite the UK’s fragile economic outlook. The index has been struggling to gain fresh momentum so far this week, but its resilience above its 20-day simple moving average (SMA), which has been supporting the market since the end of January, is strengthening the case for another bull run. The RSI [..]

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