Stock Market News / Page 46

Technical Analysis – Netflix stock aims to fill gap as rebound resumes

Posted on January 5, 2023 at 2:28 pm GMT

Netflix’s stock experienced a devastating year, losing more than 60% of its value and generating a five-year low of 161.40. However, the share price has been staging a moderate rebound since May and is currently attempting to fill the massive gap created after its disappointing Q1 earnings announcement. The momentum indicators are endorsing the continuation of the stock’s recovery. Specifically, the RSI has crossed above its 50-neutral mark, while the stochastic oscillator is ascending within the 80 overbought zone. Should [..]

European shares kick off 2023 with a rally, can it be sustained? – Stock Market News

Posted on January 5, 2023 at 2:02 pm GMT

European stocks entered the new year with a bang, rising nearly 4% to outperform US markets that are essentially flat. A sharp decline in energy prices seems to be feeding hopes that any recession in Europe will be milder than previously feared. Alongside cheaper valuations, there’s an argument that the risk profile in Europe has turned more attractive. That said, it might be a tough year for stocks in general. Avoiding Europe European stock markets have been out of fashion [..]

Technical Analysis – US 500 index remains in tight range below short-term SMAs

Posted on January 3, 2023 at 10:18 am GMT

The US 500 cash index is looking more neutral as prices are consolidating within the 3,765 support and the 3,900 resistance. However, the upside momentum appears to be stronger as prices are attempting to climb above the 50- and the 100-day simple moving averages (SMAs) near the 3,900 barrier. The upside bias is also supported by the RSI, which has been hovering near the 50-neutral level, while the MACD is surpassing its trigger line. Should the pair manage to strengthen its positive [..]

Technical Analysis – JP225 index tries to stage a comeback after bearish December

Posted on January 3, 2023 at 10:12 am GMT

The JP225 cash index is trading sideways today as the bulls are trying to stage a comeback following an aggressively negative December. The bears, on the other hand, appear to be more confident as the momentum indicators seem to be supportive of the recent bearish bias. The RSI is well below the 50-midpoint and the Average Directional Movement Index (ADX) is drifting higher, pointing to a gradually stronger trend in the market. As the D- subcomponent remains clearly above the [..]

Chinese tech stocks smile as government eases regulations and Covid-19 measures – Stock Market News

Posted on December 29, 2022 at 2:35 pm GMT

China’s tech behemoths have suffered a lot of pain in 2022, posting their slowest growth rates in years and watching billions being wiped off their valuations. This weakness has been partially attributed to the major regulatory crackdown and the long-lasting trade wars between China and the US, but what seems to have caused the greatest damage is the government’s endless pursuit of zero-Covid policies. As latest developments point towards an improvement in all fronts, can Chinese tech stocks unlock their [..]

Technical Analysis – JP225 index consolidates as market participants weigh their options

Posted on December 28, 2022 at 9:27 am GMT

The JP225 cash index is consolidating at the 26,300s area, within a tight range established in the past few sessions following the drop on December 20. Market participants appear to be evaluating their options for the new trading year, especially as the convergence of the simple moving averages (SMA) seems to point to a sizeable move ahead. The bears appear to be more relaxed at this juncture as the aggressive October 3 – November 24 upmove has almost entirely been [..]

Technical Analysis – US 500 cash index gaps higher; move could have legs

Posted on December 27, 2022 at 9:24 am GMT

US 500 cash index has gapped higher today amidst a lower liquidity session, quickly rebounding from the 2-month low print of 3,763 seen on December 22. The festive lull is potentially muddling the trading conditions, but there seems to be increasing evidence that today’s move could have legs. While both the RSI and Average Directional Movement Index (ADX) are currently not giving away a strong signal, the same cannot be said for the stochastic oscillator. It seems to be offering [..]

Could the famous “five-day” rule reveal the market direction for the new trading year? – Special Report

Posted on December 23, 2022 at 11:19 am GMT

The start of each trading year is usually tricky for market participants as they leave behind the festive period. The hype about the new year is not enough to keep the spirit high, but there is an unofficial market rule that makes the first few market sessions purposeful. The famous “five-day” rule states that the yearly performance of the US 500 cash index would be positive if the return on the first five trading days of the year is positive. There have been a [..]

Technical Analysis – US 100 index returns to the red zone

Posted on December 22, 2022 at 4:29 pm GMT

The US 100 stock index (cash) saw its fortunes diminish after the aggressive pullback from the upper resistance trendline at 12,200. Its failure to climb back above the nearby dashed trendline at 11,270 added more clouds to the market today. While the clear negative trajectory in the RSI and the MACD justifies the current bearish mood, the oversold signals coming from the stochastics provide a ray of hope that a rebound could be possible. This optimism may evaporate if the index [..]

Tesla and Amazon crash, is the tech trade dead? – Stock Market News

Posted on December 22, 2022 at 2:11 pm GMT

It has been a dreadful year for tech juggernauts like Amazon and Tesla, whose shares are down 49% and 65% respectively. These high-valuation stocks suffered because of the dramatic spike in interest rates, forcing both companies to tighten their belts. While there might be some more downside left as the world economy flirts with recession, valuations are not horrible anymore and the recovery could be a story for 2023. Elon unloads Tesla shares Elon Musk is not the world’s richest [..]

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