Stock Market News / Page 64

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 [..]

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 [..]

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