Stock Market News / Page 48

Technical Analysis – Netflix stock rangebound after completing golden cross

Posted on November 29, 2022 at 12:53 pm GMT

Netflix’s stock has been experiencing a very tough year, losing more than 60% of its value and generating a five-year low of 162.00. Nevertheless, the share price has staged a moderate rebound since May, with the recent golden cross between the 50- and 200-day simple moving averages (SMAs) endorsing a broader recovery. The short-term oscillators are indicating that bullish forces are subsiding. Specifically, the RSI is pointing downwards slightly above its 50-neutral mark, while the MACD histogram has retreated below [..]

Technical Analysis – US 500 index pulls back off 200-day SMA once again

Posted on November 28, 2022 at 9:46 am GMT

The US 500 cash index found significant resistance near the 200-day simple moving average (SMA) near 4,040, indicating that the long-term outlook remains negative. The RSI indicator is pointing downwards in the bullish territory; however, the MACD is still extending its bullish structure above its trigger line. Moving lower again, immediate support could come from the 100-day SMA at 3,920 ahead of the 3,900 barrier. If the bears drive the index further down, they could take the price towards the 50-day [..]

Stocks gain on dovish FOMC minutes, year-end rally in focus – Stock Market News

Posted on November 25, 2022 at 2:42 pm GMT

Major US stock markets were buoyed on Wednesday, following the latest FOMC minutes release, which showed that most Fed officials are leaning towards a slowdown in the pace of upcoming rate hikes. This rhetoric was interpreted by market participants as the first ‘pivot’ acknowledgment and occurred in a period when historically most year-end rallies have begun. Considering that recession woes are replacing inflation concerns, could that prevent this year’s Santa-Claus rally? Signs of Fed slowdown Risky assets have been gaining [..]

Technical Analysis – Apple stock in tight range after advance pauses

Posted on November 24, 2022 at 2:54 pm GMT

Apple’s stock has been trending lower since mid-August after meeting strong resistance at the 176.00 region. Nevertheless, the price has been attempting a recovery in the short term, which has paused for now after failing to test the 200-day simple moving average (SMA). The momentum indicators currently suggest that bullish forces are in control. Specifically, the RSI is ascending above its 50-neutral mark, while the MACD histogram is strengthening above both zero and its red signal line. To the upside, [..]

Technical Analysis – US 500 consolidates slightly below 200-day SMA

Posted on November 21, 2022 at 1:44 pm GMT

The US 500 stock index (cash) has been constantly gaining ground in the short term, recording consecutive higher highs. However, the price has been trading sideways in the last few daily sessions after it failed to challenge the 200-day simple moving average (SMA). The short-term oscillators currently suggest that bullish forces are subsiding. Specifically, the RSI is losing ground but remains above its 50-neutral mark, while the MACD histogram is weakening above both zero and its red signal line. If selling pressures intensify, immediate support [..]

Technical Analysis – JP 225 index consolidates as latest advance pauses

Posted on November 18, 2022 at 1:58 pm GMT

The JP 225 index (cash) has been in a steep uptrend since late September, generating consecutive higher highs and higher lows. However, the index has been trading sideways in the last few daily sessions after the latest advance came to a halt at the 28,328 region. The short-term oscillators are currently endorsing a positive near-term tone. Specifically, the MACD is above both zero and its red signal line, while the RSI is hovering beyond its 50-neutral mark. To the upside, further [..]

Wall Street storms higher – Bear rally or trend reversal? – Special Report

Posted on November 17, 2022 at 10:59 am GMT

Stock markets staged a fierce comeback in the past month, emboldened by hopes that inflation has started to lose its kick and China is about to relax its covid strategy. Those are steps in the right direction, but fall short of signaling a trend reversal. Most leading indicators point to a recession that is yet to come, valuations remain stretched, and earnings estimates are still too rosy. The storm is probably not over yet. Markets party After a bruising year, [..]

S&P 500 rebound stalls near 200-MA as retailers take the earnings spotlight – Stock Market News

Posted on November 16, 2022 at 3:46 pm GMT

Wall Street is in the midst of another relief rally as investors pile into stocks again following the latest price indicators out of the United States reaffirming that inflation has peaked. Impressive earnings from retail giant Walmart added to the upbeat mood on Tuesday. But as the rebound begins to lose momentum, the other retailers reporting this week are unlikely to refuel the rally. Premature optimism? The S&P 500 is flirting with the key 4,000 level again, having bounced back [..]

Technical Analysis – Nvidia stock ascends sharply ahead of earnings

Posted on November 16, 2022 at 9:15 am GMT

Nvidia’s stock has been stuck in a prolonged downtrend since mid-March, generating a profound structure of lower highs and lower lows. However, the price has rebounded in recent weeks after finding its feet at the 2022 low of 108.00. The momentum indicators currently suggest that positive momentum is picking up. Specifically, the RSI is hovering within the 70-overbought territory, while the MACD histogram is strengthening above both zero and its red signal line. Should buying pressures persist, the price could meet initial resistance at [..]

Technical Analysis – US 500 index edges higher, 200-day SMA in focus

Posted on November 15, 2022 at 2:26 pm GMT

The US 500 stock index (cash) has been constantly gaining ground in the short term, recording consecutive higher highs. Moreover, the advance accelerated last week after the softer-than-expected US CPI print, with the price currently approaching the 200-day simple moving average (SMA). The short-term oscillators currently suggest that bullish forces are intensifying. Specifically, the RSI is sloping upwards above its 50-neutral mark, while the MACD histogram is strengthening beyond both zero and its red signal line. Should buying pressures persist, the price could initially test [..]

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