Stock Market News / Page 53

Technical Analysis – US 100 index consolidates ahead of FOMC meeting

Posted on September 21, 2022 at 8:35 am GMT

The US 100 stock index (cash) has been experiencing a steep decline in the short term, which was bolstered by the hotter-than-expected August CPI inflation report. Nevertheless, the index has been trading sideways in the last few sessions, probably awaiting the September FOMC meeting to provide fresh directional impetus. The short-term oscillators currently suggest that near-term risks are tilted to the downside. Specifically, the MACD histogram is retreating further below both zero and its red signal line, while the RSI [..]

Technical Analysis – Amazon stock pauses decline but retains bearish bias

Posted on September 20, 2022 at 9:36 am GMT

Amazon’s stock has been experiencing a downside correction in the short term after its latest advance got curbed by the 200-day simple moving average (SMA). Although the pair ticked slightly higher after encountering significant support at the lower Bollinger band, the technical picture suggests that near-term risks remain tilted to the downside. The short-term oscillators are also reflecting that negative forces remain under control. Specifically, the MACD histogram is below both its zero and its red signal lines, while the RSI is flatlining beneath [..]

Technical Analysis – US 500 index extends decline to 2-month low levels

Posted on September 19, 2022 at 9:04 am GMT

The US 500 stock index (cash) has been losing ground in the short term after its latest upside move came to a halt at the 4,155 level. Moreover, the price has dived beneath both its 50-day simple moving average (SMA) and the lower boundary of the Ichimoku cloud, painting a rather gloomy technical picture. The short-term oscillators are indicating that bearish forces are strengthening. Specifically, the MACD histogram is retreating further below both zero and its red signal line, while [..]

Technical Analysis – Twitter stock rangebound despite completing golden cross

Posted on September 15, 2022 at 3:08 pm GMT

Twitter’s stock has been moving sideways in the past few sessions after its latest pullback failed to cross below the 37.80 region. However, the technical picture seems to be favouring the bulls as the 50-day simple moving average (SMA) has crossed above the 200-day SMA, creating a golden cross. The short-term oscillators also reflect that bullish forces are in control. Specifically, the MACD histogram is currently above both zero and its red signal line, while the RSI is flatlining beyond [..]

Technical Analysis – Apple stock pauses decline but bearish pressures persist

Posted on September 15, 2022 at 1:38 pm GMT

Apple’s stock has been exhibiting some weakness lately after its latest advance came to a halt at the 176.00 region. Nevertheless, the ascending 50-day simple moving average (SMA) is closing the gap with the 200-period 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 below its 50-neutral mark, while the MACD histogram is below both zero and its red signal line. Should selling pressures persist, [..]

Technical Analysis – US 100 index finds support after big plunge

Posted on September 14, 2022 at 3:30 pm GMT

The US 100 stock index (cash) lost more than 5.0% in one day on Tuesday after getting rejected near the descending trendline drawn from December 2021. The 38.2% Fibonacci retracement of the 2020-2021 uptrend at 12,896 capped earlier flash spikes as well. The price is currently hovering near the familiar 12,000 support zone as the momentum indicators are warning that the bears are still in town. Despite pointing slightly up today, the RSI keeps fluctuating below its 50 neutral mark. On the [..]

Corporate earnings under pressure from almighty US dollar – Stock Market News

Posted on September 14, 2022 at 3:07 pm GMT

On Tuesday, the August US CPI inflation print surprised markets to the upside, despite expectations that the declining energy prices could offer some relief. These signs that inflationary pressures are broadening spurred bets that the Fed could proceed with a more aggressive monetary tightening path, which will most likely extend the greenback’s outperformance in the forex sphere. Hence, what does that mean for US companies’ earnings, especially for those with large exposure to foreign markets? Strong dollar wipes off earnings [..]

Technical Analysis – JP 225 index boosts the positive outlook

Posted on September 8, 2022 at 11:10 am GMT

The JP 225 index rebounded off the 200-day simple moving average (SMA) after it posted a golden cross with the 50-day SMA in the preceding sessions. The index is holding above the long-term ascending trend line with the technical oscillator endorsing this view. The RSI is heading north near the 50 level, while the stochastic is moving up after the pullback in the oversold territory. A successful push to the upside might lead to the price approaching the 28,795 threshold [..]

Is the meme stock trend back? – Stock Market News

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

On Sunday, Bed Bath & Beyond announced that its chief financial officer, Gustavo Arnal, had committed suicide. This tragic event occurred amid a period of economic turmoil for the chain, which is also facing a lawsuit over accusations of artificially boosting its share price in a “pump and dump” scheme, with Arnal being potentially involved in the scandal. However, many market participants attributed these abnormal fluctuations in the firm’s equity price to retail investors driven by the meme stock mania. [..]

Technical Analysis – US 500 index rests near new 7-week low

Posted on September 7, 2022 at 6:56 am GMT

The US 500 cash index is in the process to post the fourth consecutive red week as the price failed to surpass the descending trend line and the 200-day simple moving average (SMA). The index is currently recording a new seven-week low near 3,886 with the technical oscillator confirming this view. The RSI is approaching the oversold zone, while the MACD is strengthening its negative momentum below its zero and trigger lines. Should selling pressures intensify, initial support could be [..]

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