Stock Market News / Page 55

Technical Analysis – US 100 index rejected near the 13,720 zone

Posted on August 23, 2022 at 12:37 pm GMT

The US 100 stock index (cash) came under strong selling interest after hitting resistance near the 13,720 area last Monday, a zone also marked by the inside swing low of April 18. This, combined with the fact that a tentative downside line can still be drawn from the high of December 28, likely increases the chances for more declines in the short run. Adding to the bearish notion are both the daily oscillators. The RSI dipped its toe below 50 [..]

Has the relief rally in stock markets run out of juice? – Stock Market news

Posted on August 23, 2022 at 11:38 am GMT

It has been a relatively good summer for stocks, but most indicators are now heading towards the end of the grace period. After a brutal sell-off in the first half of the year, equity markets exhibited a solid rebound driven by resilient Q2 earnings and hopes that signs of inflation peaking would allow the Fed to scale down its monetary tightening. However, the global economic outlook remains fragile as the energy crisis, recession fears, geopolitical tensions and never-ending supply disruptions continue [..]

Technical Analysis – US 500 retreats after hitting 200-day SMA

Posted on August 22, 2022 at 6:59 am GMT

The US 500 stock index (cash) has been in a sustained uptrend after finding its feet at the 1½ -year low of 3,635. However, the price has exhibited a downside correction since it failed to cross above the 200-day simple moving average (SMA) and is currently hovering around the May peak levels. The momentum indicators are endorsing the recent retracement. Specifically, the stochastic oscillator is descending close to the oversold zone, while the MACD histogram has crossed beneath its red signal line. To [..]

Technical Analysis – Apple stock rebounds strongly, record high in focus

Posted on August 17, 2022 at 7:59 am GMT

Apple’s stock has been moving in a steeply ascending channel since it managed to halt its decline at the one-year low of 129.00. In addition, the price is closing the gap with its all-time high levels, while positive momentum shows no signs of cooling. The short-term oscillators are reflecting a positive near-term bias. Specifically, the MACD histogram is currently above both zero and its red signal line, while the RSI has been hovering within the 70-overbought area during the whole [..]

Technical Analysis – US 100 index weakens after posting new 4-month high

Posted on August 17, 2022 at 7:50 am GMT

The US 100 cash index is losing momentum after the upside rally from the 19-month low of 11,035. The price hit a new four-month peak of 13,721 in the previous period, however, it failed to surpass the 200-day simple moving average (SMA) to show some sings of a broader bullish outlook. The RSI is looking overbought as it slips beneath the 70 level, while the MACD is still holding above its trigger and zero lines. The next target to the [..]

Technical Analysis – US 500 extends rebound, eyeing 200-day SMA

Posted on August 16, 2022 at 7:27 am GMT

The US 500 stock index (cash) has been in a sustained uptrend after finding its feet at the 1½ -year low of 3,635. In addition, the index has erased almost 50% of its drop from the record high of 4,818, while it is currently set to test the crucial 200-day simple moving average (SMA). The momentum indicators suggest that the recent rally could be overstretched as both the RSI and the stochastic oscillator are currently well within their overbought territories. [..]

S&P 500 resumes rebound after stumble; so has it truly bottomed out? – Special Report

Posted on August 11, 2022 at 2:31 pm GMT

The softer-than-expected US CPI print for July has kickstarted the stalled rally on Wall Street, intensifying the bullish bets that the six-month downtrend is over. The S&P 500 has been plotting an upward course over the past seven weeks, but the rebound hit a wall at its 100-period moving average (both in the daily and weekly timeframes), generating some disappointment that this was just another bear market bounce rather than a genuine trend reversal. However, if the inflationary picture continues [..]

Technical Analysis – Tesla stock loses ground after rebound falters

Posted on August 10, 2022 at 2:05 pm GMT

Tesla’s stock has been in a sustained uptrend since early June, generating a structure of higher highs and higher lows. However, in the past few sessions, the recovery seems to be stalling after news emerged that Elon Musk sold 7.92 million shares during the past week. The momentum indicators reflect this loss of positive momentum for the stock. Specifically, the stochastic oscillator has dropped in the 20-oversold zone, while the MACD histogram has dived beneath its red signal line but [..]

Technical Analysis – Disney stock bounces off 29-month low

Posted on August 9, 2022 at 2:23 pm GMT

Disney’s share price has been in a sustained downtrend since the beginning of the year, but lately it is exhibiting some signs of a recovery after rebounding from the 29-month low of 90.00. Hence, the upcoming earnings release on Wednesday could potentially enable the stock to extend its recent upside impetus. The short-term oscillators suggest that near-term risks are tilted to the upside. Specifically, the MACD histogram is currently above both zero and its red signal line, while the RSI is flatlining above [..]

Disney Earnings: Subscriber figures and theme park activity in focus – Stock Market News

Posted on August 9, 2022 at 11:41 am GMT

The Walt Disney Company is set to release its second quarter financial results for 2022 on Wednesday, August 10, after Wall Street’s closing bell. The leading entertainment giant is expected to post year-on-year revenue growth as Disney theme parks and movie theatres around the world have reached their pre-pandemic traffic levels. However, the real driver for markets will be the subscriber growth metrics of the firm’s streaming services, with Netflix’s better-than-expected subscriber figure in Q2 providing a positive early indication for Disney+. [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

Stock Market News

XM Live Chat