Stock Market News / Page 59

S&P 500 nosedives into bear market territory, is it close to a bottom? – Stock Market News

Posted on June 17, 2022 at 1:21 pm GMT

Following Nasdaq’s fate, the S&P 500 stock index closed inside the bear market region last Monday for the first time since the outbreak of the Covid-19 pandemic in March 2020. In 2022, all major US indexes have experienced significant declines as high and sticky inflation, rising interest rates alongside increasing concerns over corporate profits and global economic growth have given a huge blow to investors’ risk appetite. As traders continue to re-evaluate their buy the dip strategies, which have failed to produce gains, the big [..]

Technical Analysis – GameStop stock moves sideways as rebound falters

Posted on June 15, 2022 at 3:02 pm GMT

GameStop’s stock has been edging higher in the short term after its downtrend halted at the double bottom region of 76.00. However, the 200-day simple moving average (SMA) capped the stock’s latest advance, and the price is currently trading sideways. The momentum indicators suggest a cautiously positive near-term bias. The MACD histogram is slightly below its red signal line in the positive region, while the RSI is pointing up beyond its 50-neutral threshold. Should buying interest intensify further, the price [..]

Technical Analysis – US500 bounces higher as selling pressure eases but outlook still bearish

Posted on June 15, 2022 at 2:38 pm GMT

The US 500 stock index (cash) is trading higher on Wednesday, ending a five-session dip. The index plunged to a 16½-month low of 3,704.93 on Tuesday as the selling intensified. But with trading conditions fast becoming oversold, buyers have stepped in, though the positive momentum is quite weak for now. Both the RSI and stochastics are pointing slightly upwards, but it is unclear if the bullish forces are strong enough at this point to bring about a sustainable rebound. The [..]

Tech giants to execute more stock splits in 2022, what should investors know? – Stock Market News

Posted on June 9, 2022 at 3:14 pm GMT

In 2022, three of the largest and wealthiest tech companies in the world have announced or completed their plans for stock splits. Specifically, Amazon executed its stock split last Monday, while Alphabet and Tesla are expected to do so later in the year. There is a wide range of reasons why a firm would enact to alter its number of shares in circulation, but the outcome has not always proved beneficial. Therefore, why are tech companies tilting towards that direction [..]

Technical Analysis – Alibaba stock jumps above 50-SMA as positive momentum strengthens

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

Alibaba’s stock has been in a sustained downtrend for the past two years, generating a profound structure of lower highs and lower lows. Nevertheless, the price has been gaining ground in the past few daily sessions, crossing above both its 50-day simple moving average (SMA) and the upper Bollinger band. The momentum indicators suggest that bullish forces are in total control in the short-term picture. The MACD histogram is currently above both zero and its red signal line, while the [..]

Technical Analysis – US 100 index halts decline but retains bearish bias

Posted on June 7, 2022 at 2:26 pm GMT

The US 100 stock index (cash) has been experiencing a minor pullback after its advance failed to cross above the 12,940 region. Nevertheless, the ascending 50-period simple moving average (SMA) is closing the gap with the 200-period SMA, where a potential upside violation could reinforce the case of a sustained recovery. The momentum indicators suggest that bearish forces remain in control. The MACD histogram is currently beneath both zero and its red signal line, while the RSI is ticking up [..]

Technical Analysis – Amazon stock completes bullish double bottom pattern

Posted on June 7, 2022 at 9:11 am GMT

Amazon’s stock advanced above the 115.38 threshold last week, completing a bullish double bottom pattern around its one-year low of 100.85. The current footing at 121.41, which overlaps the 23.6% Fibonacci retracement of the 187.97 – 100.85 downleg, is raising confidence that the bull run may continue in the coming sessions. The RSI refused to cross below its 50 neutral mark yesterday and the MACD further distanced itself above its red signal line, both backing this narrative. The stock, however, is still in a downtrend in [..]

Technical Analysis – US 500 index rangebound after advance pauses

Posted on June 6, 2022 at 9:08 am GMT

The US 500 stock index (cash) has been storming higher after its downtrend halted at the 1½-year low of 3,810. However, in the past week, the index has been trading within a tight range, stuck between opposing directional forces. The short-term oscillators indicate a cautiously positive near-term bias for the stock index. Specifically, the RSI is ticking upwards slightly above its 50-neutral threshold, while the MACD histogram is currently in the negative territory but above its red signal line. Nevertheless, [..]

Will energy stocks extend their outperformance in 2022? – Stock Market News

Posted on June 1, 2022 at 3:12 pm GMT

Since the beginning of 2022, there has only been one sector in the S&P 500 index that experienced significant gains amid a doomy period for equity markets and risky assets in general. The energy sector has climbed more than 50% as oil prices have been on a sustained uptrend due to the long-lasting supply-demand imbalance, which is triggered by a combination of factors. Historically, the energy sector has generated the highest return of all 16 equity sectors during rising interest [..]

Technical Analysis – Facebook stock rangebound but bullish bias arises

Posted on May 31, 2022 at 8:09 am GMT

Facebook’s stock has been moving without a clear direction in the past two weeks after its short-term advance ceased at the 224.00 region. However, in the last couple of daily sessions, the stock has gained some traction as positive momentum appears to be strengthening. The momentum indicators reflect a cautiously bullish tone for the stock. The stochastic oscillator is ascending steeply, while the RSI is challenging its 50-neutral threshold. If buying pressure intensifies further, the price could encounter resistance at 205.00, [..]

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