Stock Market News / Page 61

Alibaba reports earnings amid China’s new wave of lockdowns – Stock Market News

Posted on May 11, 2022 at 10:10 am GMT

Alibaba is set to announce its fourth quarter financial results for the 2022 fiscal year on Thursday. The company’s shares have been plunging since early 2021 as the online retail behemoth was caught in the middle of a major regulatory crackdown on multiple sectors of the Chinese economy. To make matters worse, the upcoming earnings report is expected to indicate a deterioration in the firm’s financials due to the renewed round of Covid-19 restrictions in China that appear to have severely impacted its e-commerce business. Nevertheless, [..]

Technical Analysis – Disney stock gets shellacked ahead of earnings

Posted on May 10, 2022 at 11:26 am GMT

Disney shares fell without a parachute over the past month, hitting lows last seen in May 2020. The stock is in a clear downtrend, recording a string of consecutive lower lows and lower highs below its moving averages, while also trading within a down-sloping channel this entire year. Momentum oscillators paint an equally grim picture. The RSI is already below its 30 level and sinking, while the MACD remains trapped below its red trigger line. Another push lower by the [..]

Technical Analysis – EU 50 index slides but does not hit new lows

Posted on May 10, 2022 at 9:20 am GMT

The EU 50 index (cash) continues to be dominated by bearish forces, trading below its moving averages and a downtrend line drawn from the January peak. On the bright side, sellers were not strong enough to punch to a new low beneath 3,385, which offers some hope that the selling pressure may be losing power. This sentiment is also reflected in short-term oscillators, where the RSI has rebounded from near its 30 line. The lower Bollinger band has also defended [..]

Disney Earnings: Subscriber growth and theme parks traffic in the spotlight – Stock Market News

Posted on May 9, 2022 at 3:43 pm GMT

The Walt Disney Company is set to release its second fiscal quarter financial results for 2022 on Wednesday, May 11, after Wall Street’s closing bell. The leading entertainment powerhouse is expected to post year-on-year revenue and earnings growth as Disney theme parks and movie theatres around the world have reached their pre-pandemic ticket sales and foot traffic. However, the real driver for markets will be the subscriber growth metrics of the firm’s streaming services. The consensus recommendation from Refinitiv analysts [..]

Technical Analysis – US 100 index extends losses within bear market

Posted on May 9, 2022 at 2:20 pm GMT

The US 100 cash index (Nasdaq) came under renewed pressure in recent sessions, sinking to a fresh one-year low. Sellers are firmly in control with a series of lower highs and lower lows forming on the daily chart, the moving averages turning lower, and the price testing the lower Bollinger band. Short-term oscillators reflect the sharp selloff, with the RSI turning lower to approach its 30 zone while the MACD has crossed beneath its red trigger line. In case the [..]

Technical analysis – JP 225 index battles with 50-SMA; neutral bias holds

Posted on May 6, 2022 at 8:34 am GMT

The JP 225 stock index (cash) has been trading within a tight range in the past few daily sessions as its recent rebound has been rejected three times at the 27,480 region. The technical picture suggests that the stock index remains a prisoner of opposing directional forces, being unable to adopt a clear direction. The short-term oscillators indicate a neutral near-term bias for the index. Specifically, the MACD histogram has crossed above its red signal line but remains in the negative [..]

Technical Analysis – AMD stock gains traction but outlook remains negative

Posted on May 5, 2022 at 9:09 am GMT

AMD’s stock has been trending downwards after peaking at the all-time high of 164.32 in November. However, in the last couple of daily sessions, the price found its feet and is currently trying to push higher. The momentum indicators confirm that buying interest has intensified. The stochastic oscillator is sloping upwards in the overbought area, while the RSI has crossed above its 50-neutral mark. In the bullish scenario, the price could ascend towards its 50-day simple moving average (SMA), currently [..]

Technical Analysis – Twitter stock consolidates after advance pauses

Posted on May 5, 2022 at 7:49 am GMT

Twitter’s stock experienced a sharp jump in the beginning of April when the potential acquisition from Elon Musk was announced. However, after this initial boost, the positive momentum has failed to strengthen further, and the price has been trading sideways. The momentum indicators suggest that bullish forces have gained the upper hand. The stochastic oscillator is marching higher after posting a bullish crossover, while the RSI is flatlining above its 50-neutral threshold. Moreover, the price is trading above the Ichimoku cloud, [..]

Twitter reported earnings but attention lies on Musk’s intentions – Stock Market News

Posted on May 3, 2022 at 3:54 pm GMT

Last Thursday, Twitter reported its financial performance for the first quarter of 2022, but its earnings announcement was overshadowed by Elon Musk’s $44 billion takeover deal earlier in the week. The latest earnings report could be the last in the history of the social media behemoth as its potential new management is planning to take the firm private to exploit its full potential. Although Elon Musk has already outlined most of his plans about Twitter’s future, until the deal is [..]

Technical Analysis – Apple stock crosses below 200-SMA ahead of earnings

Posted on April 28, 2022 at 10:19 am GMT

Apple’s stock has been trending downwards since mid-March when the 179.50 region rejected the share price’s further advance. In the last few sessions, the technical picture seems to be deteriorating further as the price crossed both below its 50- and 200-day simple moving averages (SMAs). The momentum indicators suggest that bearish forces have gained total control. Specifically, the stochastic oscillator is sloping downwards in the oversold zone, while the MACD histogram is found beneath both zero and its red signal [..]

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