Stock Market News / Page 52

Technical Analysis – JP 225 index eases below uptrend line; bearish bias

Posted on September 29, 2022 at 7:27 am GMT

The JP 225 index is remaining well below the long-term ascending trend line, shifting the bias to the downside. The price posted a new two-month low of 26,752 with the technical indicators showing contradicting signals. The RSI is pointing down near the 30 level, suggesting more losses; however, the stochastic created a bullish crossover within its %K and %D lines and is now heading north. If the 26,220 support fails, then the focus would shift to the downside towards 25,800, [..]

Technical Analysis – Tesla stock to complete golden cross despite recent drop

Posted on September 28, 2022 at 2:40 pm GMT

Tesla’s stock has been exhibiting some weakness lately after its latest advance came to a halt at the 313.00 region. Nevertheless, the ascending 50-day simple moving average (SMA) is closing the gap with the 200-day SMA, where a potential violation could ignite a fresh rally. The short-term oscillators currently suggest that negative forces have gained the upper hand. Specifically, the RSI is hovering beneath its 50-neutral mark, while the MACD histogram has crossed below zero, extending the distance from its red signal line. Should [..]

IPO activity slumps as macro headwinds weigh on stock indices – Stock Market News

Posted on September 28, 2022 at 9:11 am GMT

The extensive stock market downturn since the beginning of the year has caused a significant ‘drought’ in the initial public offerings (IPOs) market, especially compared to last year’s boom. To make matters worse, companies that have recently gone public have been amongst the biggest underperformers in the major US indices, contributing negatively to the already frozen IPO activity. What are the key drivers behind the massive slowdown and where should investors focus in the upcoming months? Unfavorable market conditions In 2021, the [..]

Are big tech stocks attractive after this selloff? – Stock Market News

Posted on September 27, 2022 at 2:14 pm GMT

With interest rates rising at a stunning clip and the US dollar smashing everything in its path, stock markets are under tremendous selling pressure. Even shares of big tech companies have been caught in this storm. Some of those such as Amazon and Google are becoming attractive at these valuations, while Microsoft and Apple still appear expensive. Tech troubles When investors refer to big tech, they think of companies such as Apple, Microsoft, Amazon, Google, and Meta Platforms. These titans [..]

Technical Analysis – US 100 index bounces off 200-week SMA, but for how long?

Posted on September 27, 2022 at 7:40 am GMT

The US 100 cash index is finding strong support level at the 200-weekly simple moving average (SMA) at 11,168, but any declines below that line would suggest sharp losses in the long-term. The RSI is reversing higher near the oversold zone, while the MACD is extending its negative momentum below its trigger and zero lines. Should buyers drive above the 11,450 level, they could encounter initial strengthened resistance from the 12,040 barrier and the 100-day SMA at 12,278 ahead of the 50-day SMA [..]

Technical Analysis – US 500 index is in free-fall near 1½-year low

Posted on September 26, 2022 at 10:01 am GMT

The US 500 cash index has been underperforming over the last five daily sessions, but the strong negative momentum started after the pullback off the 200-day exponential moving average (EMA). The price is approaching the one-and-a-half-year low of 3,635, endorsing the long-term bearish structure. The momentum indicators, are currently encouraging that sell-off as the RSI is declining beneath the 30 level, entering the oversold territory, while the MACD is extending its bearish movement below its trigger and zero lines. In the [..]

Fed infuses more pain into equity markets – Stock Market News

Posted on September 23, 2022 at 6:26 am GMT

Major US equity indices slumped on Wednesday in the aftermath of the latest FOMC policy meeting, in which the Fed hiked its base interest rate by 75 basis points in line with market expectations and reiterated its commitment to get inflation under control. What attracted investors’ focus though was the Fed’s updated dot-plot as it now signals a more aggressive hiking pace and a higher terminal rate than the markets were projecting. What does that mean for stocks? No Fed [..]

Is the US stock market headed for new lows? – Special Report

Posted on September 22, 2022 at 2:08 pm GMT

Stock markets have taken heavy damage this year, suffering at the hands of rapidly rising interest rates. Valuations have compressed but are still not cheap enough to lure in bargain hunters, and there is a clear risk that earnings estimates are revised lower as the data pulse slows, especially in Europe and China. While this could spell more trouble for equities, investors should not lose sight of the big picture – every crisis passes. Fed hangover For more than a [..]

Technical Analysis – JP 225 index holds above 200-SMA after two-month low

Posted on September 21, 2022 at 3:23 pm GMT

Japan’s 225 stock index (cash) slid to a new two-month low of 27,196 on Wednesday but encouragingly it erased some losses to climb back above the 200-day simple moving average (SMA) and stay out of the broken bearish channel. From a technical perspective, the latest bearish round is not over yet as the RSI is sloping downwards below its 50 neutral mark and the MACD is decelerating below its red signal and zero lines. An extension beneath the 27,370 – 27,073 area, [..]

Technical Analysis – Facebook breaks the lower bound of a range

Posted on September 21, 2022 at 10:04 am GMT

Facebook has been trading in a sliding mode since September 13, when it broke the key support – now turned into resistance – hurdle of 154, which acted as the lower bound of a sideways range that had been in place since June 10. Combined with the fact that the bigger trend remains to the downside, the break below the floor of the shorter-term range may have turned the outlook bearish again. Our daily oscillators add credence to the notion [..]

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