Stock Market News / Page 60

Technical Analysis – ExxonMobil stock storms to fresh highs

Posted on May 26, 2022 at 10:18 am GMT

ExxonMobil’s stock has been in a sustained uptrend since the beginning of the year, generating a clear structure of higher highs and higher lows, and is currently trading at fresh seven-year high levels. Nevertheless, the price has surpassed the upper Bollinger band, which suggests that the rally may be overstretched. The momentum indicators reinforce the share’s bullish outlook. Specifically, the MACD histogram is above both zero and its red signal line, while the stochastic oscillator has risen in the overbought zone. Should [..]

Technical Analysis – Nvidia stock moves sideways as negative momentum wanes

Posted on May 26, 2022 at 8:39 am GMT

Nvidia’s stock has been experiencing a sharp drop since mid-March when the price peaked at the 288.07, generating a profound structure of lower highs and lower lows. However, in the last few daily sessions the price has managed to halt its decline and is currently trading within a tight range. The momentum indicators suggest that positive momentum is picking up but bearish forces remain in control. Specifically, the RSI is ticking upwards beneath the 50-neutral threshold, while the MACD histogram [..]

Technical Analysis – US 30 index builds base above the 23.6% Fibonacci

Posted on May 26, 2022 at 8:17 am GMT

The US 30 cash index is rising for the fifth consecutive day, following the bounce off the 30,630 support level, and is surpassing the 23.6% Fibonacci retracement level of the down leg from 36,950.90 to 30,630 at 32,115. The RSI indicator is approaching the 50 level with weak momentum, while the stochastic is moving towards the overbought region. If the price jumps above the immediate 20-day simple moving average (SMA) at 32,300 the next resistance come from the 32,750 barrier. [..]

Technical Analysis – US 500 index’s downside bearing curbed as buyers step in

Posted on May 23, 2022 at 2:24 pm GMT

The US 500 stock index (Cash) is trading near the red Tenkan-sen line at 3,952 following an increase in risk appetite around a recorded 14½-month low of 3,809. The rolling over of the 200-day simple moving average (SMA) is feeding a dampening picture in the index, while the bearish 50- and 100-day SMAs are endorsing the decline from the end of March. The Ichimoku lines are signalling a pause in negative forces, while the short-term oscillators are reflecting the fading [..]

Technical Analysis – US 100 index holds above May’s lows despite big fat sell-off

Posted on May 19, 2022 at 8:01 am GMT

The US 100 stock index (cash) was smashed by worrying earnings from US retailers on Wednesday, but the big-fat sell-off was not strong enough to close below 11,874 for the second time this month. Sellers are expected to dictate the short-term trading in the four-hour chart as the momentum indicators are dipped in the bearish area, though with the Stochastics and the RSI hovering near their oversold levels, an upside correction cannot be ruled out. In other encouraging signals, the red Tenkan-sen [..]

Technical Analysis – US 30 index’s gains curbed by Ichimoku cloud and 100-MA

Posted on May 19, 2022 at 7:56 am GMT

The US 30 stock index (Cash) has been driven back down to the vicinity of its recently recorded 14-month low of 31,224 by the restricting Ichimoku cloud and the descending 100-period simple moving average (SMA). That said the falling SMAs are endorsing the approximately one-month downward bearing from the 35,496 high, which pierced marginally below the 31,321 low reached back in March 2021, where the price had found its latest footing prior to current selling pressures. The Ichimoku lines are [..]

Technical Analysis – Twitter stock plunges as fears over Musk’s acquisition increase

Posted on May 17, 2022 at 2:37 pm GMT

Twitter’s stock has been experiencing a sharp decline in the last couple of sessions, diving beneath the Ichimoku cloud and its 50-day simple moving average (SMA). The share price is currently trading way beneath the acquisition price target of 54.20, which suggests that investors are pessimistic over the outcome of this deal. The momentum indicators suggest that bearish forces have taken complete control. The stochastic oscillator is sloping downwards in the oversold zone, while the RSI has also entered the [..]

Technical Analysis – US 500 index faces headwinds as advances engage

Posted on May 17, 2022 at 2:32 pm GMT

The US 500 stock index (Cash) is being curbed by the Ichimoku cloud after the index unearthed positive traction around a 13½-month low of 3,858, just shy of the March 2021 trough of 3,853. The diving simple moving averages (SMAs) are defending the more than six-week decline in the benchmark index. Currently, the Ichimoku lines are reflecting the struggle buyers are encountering to extend push beyond the cloud. This is also being mirrored in the short-term oscillators. The MACD and [..]

Why US stock markets face tremendous downside pressures? – Stock Market News

Posted on May 13, 2022 at 9:51 am GMT

Stock markets have been shaken this year by increasing fears concerning the global economic outlook. Persistent inflationary pressures, worries over recession, and the anticipation of aggressive monetary tightening have been largely weighing on investors’ risk sentiment, luring away liquidity from risky assets. Although many investors have been endorsing a buy the dip strategy in the past few days, it seems that the major US indices have not bottomed yet. So, let’s take a closer look at what has been driving [..]

Technical Analysis – Alibaba stock extends downtrend ahead of earnings

Posted on May 11, 2022 at 2:18 pm GMT

Alibaba’s stock has been on the retreat since early 2021, generating a clear structure of lower highs and lower lows. The share’s price is currently trading near both its 2022 lows and its lower Bollinger band, indicating that the technical picture is deteriorating even further. The momentum indicators suggest that bearish forces remain in control. Specifically, the stochastic oscillator is currently flatlining in the oversold area, while the RSI is hovering below its 50-neutral threshold. Should selling pressure persist, the [..]

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