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Technical Analysis – US 500 index upside cools off but bias remains bullish

Posted on March 28, 2022 at 7:51 am GMT

The US 500 stock index (cash) has been in a recovery mode since it managed to find its feet at the 4,135 region in early March. Although the index’s advance appears to be pausing in the immediate term, the technical picture endorses a broader bullish trend. The momentum indicators suggest that buying forces remain in control. Specifically, the stochastic oscillator is sloping upwards after posting a bullish crossover in the overbought area, while the MACD histogram is currently above both [..]

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Will 2022 be a breakout year for airlines? – Stock Market News

Posted on March 24, 2022 at 4:08 pm GMT

Airlines have been hit hard over the past two years, with global lockdowns and travel restrictions serving to ground their fleets for the first time in history, while interim attempts of recovery following the introduction of vaccines have repeatedly been counteracted by new variants. Stepping into 2022, investors seemed optimistic about the sector’s recovery potential as most countries started lifting Covid-19 restrictions, triggering expectations for a year of solid growth driven by a strong rebound in flight demand. However, the [..]

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Technical Analysis – US 30 index advances become capped; downside risks linger

Posted on March 24, 2022 at 10:03 am GMT

The US 30 stock index (Cash) has retreated to the 50-day simple moving average (SMA) around 34,333 after the converged longer-term 100- and 200-day SMAs, in conjunction with the Ichimoku cloud, curbed the pace of the two-week rally from the 32,337 level. The descending 50-day SMA and the nearing of a bearish crossover of the 200-day SMA by the 100-day one, are signals that bearish pressures have yet to fully dry up. The Ichimoku lines suggest negative forces are dormant, [..]

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Technical Analysis – Facebook stock tries to recover some lost ground

Posted on March 23, 2022 at 10:07 am GMT

Facebook stock is gaining some momentum after the drop to the 23-month low of 185.88. The price jumped above the 20-day simple moving average (SMA) but it needs more ground to recoup the bearish gap that was posted at the beginning of February. Technically, the RSI indicator is flirting with the neutral threshold of 50, suggesting weak momentum. On the other hand, the MACD oscillator is strengthening its positive move above its trigger line and below its zero level. Another step higher may [..]

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Technical Analysis – US 100 index rangebound after upside move stalls

Posted on March 22, 2022 at 2:21 pm GMT

The US 100 stock index (cash) has been recovering on the four-hour chart, managing to erase some of its recent decline. Although the price has been moving sideways in the last few sessions, the ascending 50-period simple moving average (SMA) is closing the gap with the 200-period SMA, where a potential crossover could reinforce the case of a sustained uptrend. The momentum indicators suggest that bullish forces remain active. The stochastic oscillator is marching higher after posting a bullish cross, while the [..]

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Technical Analysis – JP 225 index storms higher amid lingering positive forces

Posted on March 22, 2022 at 11:28 am GMT

JP 225 stock index (cash) has been edging higher in the short term after its long-term downtrend ceased at the 16-month low of 24,500. However, the price has just entered the Ichimoku cloud, indicating that the road to a complete recovery remains long. The momentum indicators endorse a bullish immediate-term bias. The RSI is hovering above its 50-neutral mark, while the MACD histogram is found beyond its red signal line but in the negative zone. Should buying interest intensify further, the recent high [..]

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Technical Analysis – Apple’s stock advance pauses at 50-SMA; bias bullish

Posted on March 22, 2022 at 8:33 am GMT

Apple’s stock has been in a descending move since early January, when the price peaked at its all-time high of 182.75. However, in the last few daily sessions, the stock has been recouping part of its losses after finding its feet at the 150.00 region. The short-term oscillators suggest a cautiously bullish immediate-term bias. The MACD histogram has crossed above its red signal line but remains in the negative territory, while the RSI is currently above its 50-neutral threshold. Should [..]

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Technical Analysis – US 500 index’s gains hit fortified resistance wall

Posted on March 21, 2022 at 9:57 am GMT

The US 500 stock index (Cash) is struggling to overcome the 200-day simple moving average (SMA), coupled with the Ichimoku cloud in the 4,500 price vicinity after finding significant positive traction within the 4,106-4,155 support section. The falling 50- and 100-day SMAs are sponsoring the bearish bias from the beginning of the year. Currently, the Ichimoku lines are not indicating any clear driving forces in the index, while the short-term oscillators are transmitting mixed signals in directional momentum. The MACD [..]

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Renewable energy stocks to watch as world reduces reliance on fossil fuels – Stock Market News

Posted on March 17, 2022 at 2:02 pm GMT

In recent years, the global economy has been rapidly working on transitioning from carbon-based to renewable energy power sources. Clean energy sources, such as wind, solar, and hydroelectric, currently supply a little less than a quarter of the electricity generated globally. However, considering the increasing climate change concerns, alongside the anticipated scarcity of fossil fuels in the next two decades, the pace of decarbonization has accelerated lately. Given that the energy transition is expected to completely materialize in over 30 years, can [..]

Is the massacre in growth stocks over? – Special Report

Posted on March 17, 2022 at 2:00 pm GMT

With the war in Ukraine raging and central banks raising interest rates, equity markets have come under heavy fire. The S&P 500 has lost only 10% this year but that doesn’t tell the whole story. There has been a quiet massacre in the most speculative corners of the market, with several ‘growth’ stocks getting blasted. Has the storm finally passed?  Risks abound The mood in financial markets has turned bearish lately. Investors have been overwhelmed by an onslaught of negative [..]

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