Stock Market News / Page 63

Technical Analysis – US 500 index extends its retreat below 50-SMA

Posted on April 18, 2022 at 11:57 am GMT

The US 500 stock index (cash) has been inching lower after peaking at 4,638 in mid-March, generating a clear structure of lower highs and lower lows. Although the price decline has currently paused at the lower Bollinger band, the technical picture seems to be deteriorating for the index. The momentum indicators suggest that selling interest has intensified. The MACD histogram has dipped below both zero and its red signal line, while the RSI is hovering beneath its 50-neutral threshold. In [..]

Will travel-related stocks edge higher as world emerges from pandemic – Stock Market News

Posted on April 15, 2022 at 11:02 am GMT

During the last two years, travel and leisure stocks, especially those involving outdoor activities, experienced a rough time due to the pandemic restrictions, which forbade the majority of traveling activities. Stepping into 2022, investors seemed optimistic about the broader sector’s recovery as most countries started lifting Covid-19 mandates, triggering expectations for a year of solid growth driven by a strong rebound in international travel demand. Nevertheless, the Russian invasion of Ukraine and its consequent impact on oil prices and flight routes [..]

Netflix: Q1 earnings may spell end of high growth era – Stock Market News

Posted on April 14, 2022 at 12:37 pm GMT

Netflix will report its first quarter results for 2022 on Tuesday, April 19, after the market close. Its stock has already been under the spotlight this year as it’s wiped out all its post-pandemic gains. When the company announced slowing subscriber growth for Q4 back in January, the stock crashed by almost 22% and it hasn’t been able to recover since. It’s unlikely that the Q1 earnings will be any better, so can there be anything positive for the share [..]

Technical Analysis – US 30 index bounces on 200 MA but downside risks linger

Posted on April 13, 2022 at 1:48 pm GMT

The US 30 stock index (Cash) rebounded on the 200-period simple moving average (SMA) at 34,146, as sellers tried to intensify the two-week deterioration in the index from the 35,378 price region. The converging longer-term 100- and 200-period SMAs are not reflecting a dominant trend, while the falling 50-period SMA, is endorsing the negative price action. Currently, the short-term oscillators are suggesting that a bearish tone is lingering. The MACD, is below the zero mark and has returned slightly beneath [..]

Technical Analysis – Wells Fargo’s stock battles with 200-SMA but downside risks linger

Posted on April 13, 2022 at 11:24 am GMT

Wells Fargo’s stock has been experiencing a downside correction since its recent rally was halted at the four-year high of 60.20 in February. Although the price managed to cease its decline and has been moving sideways in the last few sessions, the descending 50-day simple moving average (SMA) is closing the gap with the 200-day SMA, where a potential violation could reinforce the case of a sustained downtrend. The momentum indicators reflect a mixed picture for the share price as the stochastic oscillator is ascending, signalling that positive [..]

Technical Analysis – JPMorgan’s stock extends decline ahead of earnings report

Posted on April 13, 2022 at 8:19 am GMT

JPMorgan’s stock has been trending downwards after peaking at the all-time high of 173.00 in October, erasing most of its 2021 rally. Moreover, the price is currently trading well beneath the Ichimoku cloud, while the steeply descending 50-day simple moving average (SMA) further endorses the bearish short-term picture. The momentum indicators suggest that selling forces have gained the upper hand. The MACD histogram is found below both zero and its red signal line, while the RSI is ticking downwards beneath [..]

Major US banks to start off Q1 earnings season on the wrong foot– Stock Market News

Posted on April 12, 2022 at 3:37 pm GMT

As usual, the biggest US banks will kick-start the first quarter earnings parade, with JP Morgan Chase reporting its financial results on Wednesday before Wall Street’s opening bell, followed by Goldman Sachs and Wells Fargo at the same time on Thursday. In early 2022, the macroeconomic environment appears to be favourable for financial institutions as the Fed has already started hiking its base interest rate and will most probably proceed with a series of rate increases this year, which are expected to widen [..]

Technical Analysis – JP 225 index cedes more than fifty percent of one-month rally

Posted on April 12, 2022 at 1:37 pm GMT

The Japan 225 stock index (Cash) has temporarily found its feet around the 26,242 level but it’s evident that downside risks have yet to fully evaporate. The price currently resides south of the 200-period simple moving average (SMA) and is toying with the 50.0% Fibonacci retracement level of the ascent from the near 16-month low of 24,502, which reached the 28,649 high. Nonetheless, the diving 50-period SMA along with the rolling over of the 100-period SMA, together convey messages that [..]

Technical Analysis – US 100 index posts losses after pull back off 61.8% Fibo

Posted on April 12, 2022 at 9:16 am GMT

The US 100 cash index is heading south after the pull back off the 61.8% Fibonacci retracement level of the down leg from 16,767 at 12,940 at 15,308, which also stands near the 100- and the 200-day simple moving averages (SMAs). The RSI indicator is flattening beneath the neutral threshold of 50, while the MACD is touching the zero level, remaining below its trigger line. Steeper decreases could open the way for a visit of the 23.6% Fibonacci of [..]

Technical Analysis – US 500 index’s positive tone shaky near 38.2% Fibonacci

Posted on April 11, 2022 at 12:58 pm GMT

The US 500 stock index (Cash) is consolidating slightly north of the 4,446 level, which is the upper part of a support border and coincidentally the 38.2% Fibonacci retracement level of the up wave from 4,137 until 4,638. The rolling over of the 50-period simple moving average (SMA) and its nearing of a bearish crossover of the still climbing 100-period SMA, is reinforcing the waning in the index, and specifically weakness in the latest two-week rally. Currently, the horizontal Ichimoku [..]

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