Stock Market News / Page 69

Technical Analysis – US 500 index surrounded by bearish technicals

Posted on February 21, 2022 at 10:33 am GMT

The US 500 stock index (cash) faced a tough wall near its 20- and 200-day simple moving averages (SMAs) last week, which negatively crossed each other for the first time since March 2020, raising worries the pullback from the record high of 4,808 could gain extra legs. Structurally, the index sustains a neutral outlook as the latest sell-off has not successfully violated the key low of 4, 270 from September 30 despite the flash drop to 4,221 at the end of [..]

Technical Analysis – US 30 index halts decline but outlook remains bearish

Posted on February 18, 2022 at 8:36 am GMT

The US 30 stock index (cash) has been experiencing a short-term pullback since the price peaked at the 35,860 region last week. Although the index managed to cease its dive in the last few four-hour sessions, it hasn’t recouped any of its losses yet as the positive momentum seems unable to strengthen further. The momentum indicators are endorsing a cautiously positive near-term bias. The stochastic oscillator is sloping upwards after posting a bullish crossover, while the MACD histogram is found below both zero [..]

Technical Analysis – US 500 battles with 200-SMA as bias turns cautiously bullish

Posted on February 17, 2022 at 8:56 am GMT

The US 500 stock index (cash) has been in a recovery mode since its short-term decline halted at the seven-month low of 4,220. Although the index’s upside move experienced a minor pullback, the near-term picture seems to be improving and the price is currently pivoting near its 200-day simple moving average (SMA). The momentum indicators further confirm that bullish forces have re-emerged. The stochastic oscillator is sloping upwards after posting a bullish cross, while the MACD histogram is found above [..]

Technical Analysis – US 30 index gains kept buoyant by flat 200-MA

Posted on February 10, 2022 at 3:48 pm GMT

The US 30 stock index (Cash) has managed to hold above the 200-period simple moving average (SMA) after today’s downside move was rejected by the mid-Bollinger band at 35,463. The 100-period SMA has started to build a minor positive incline, while the soaring 50-period SMA is looking for a bullish crossover of the horizontal 200-period SMA as well. This would signal that the bullish trend that evolved around the end of January could develop further. The short-term oscillators suggest the latest pullback [..]

Will the stock market crash? Maybe not – Special Report

Posted on February 10, 2022 at 12:59 pm GMT

The threat of rising interest rates has returned to haunt stock markets. With the Fed going to war against inflation, traders are worried the era of easy money is coming to an end. As a result, volatility has gone through the roof and valuation multiples have compressed, decimating the most ‘bubbly’ pockets of the market. The turbulence is likely to continue, but with the economy still in good shape and buybacks going strong, this storm could ultimately be a gift [..]

Technical Analysis – Alcoa’s stock brightens bullish outlook at fresh record high

Posted on February 10, 2022 at 10:45 am GMT

Alcoa’s shares surged to a new all-time high of 72.21 on Wednesday, raising their year-to-date gains to +20%. The stock has upgraded its long-term positive outlook above the seven-month-old bullish channel, though with the price having closed twice above the upper Bollinger band, the odds for a downside correction in the short-term are looking increasingly high as the RSI and the Stochastics hover in overbought territory. A bearish reversal could initially test the channel’s upper boundary and Tuesday’s floor of 67.00 ahead of the former [..]

Technical Analysis – Disney’s stock pivots at yearly lows but could crumble still

Posted on February 9, 2022 at 1:48 pm GMT

Disney’s stock has been sailing southwards since the peak at a record high of 202.87 almost a year ago, recently charting a new lower low at 129.10 before crawling back to 142.30. Despite the upturn in the RSI and the MACD, the former has yet to break above its 50 neutral mark and the latter is still hovering within the negative region, both reflecting some caution among traders ahead of the company’s post-market Q1 earnings release today. A step above [..]

Will Q4 earnings recharge Nvidia’s stock? – Stock Market News

Posted on February 8, 2022 at 3:58 pm GMT

Nvidia is set to unveil its fourth quarter earnings results for 2021 on Wednesday, February 16, after Wall Street’s closing bell. The fabless chip-maker is expected to record a stellar, double-digit year-over-year growth. Despite depreciating by almost 20% so far in 2022, Nvidia’s stock has been a standout performer over the past year, outperforming the broader market. Nvidia’s story continues to be GPUs Nvidia currently holds the lion’s share in the global Graphic Processing Unit (GPU) market due to the [..]

Technical Analysis – US 100 index rangebound but downside risks remain

Posted on February 8, 2022 at 10:37 am GMT

The US 100 stock index (cash) has been experiencing a minor pullback after its recent short-term rebound failed to strengthen. However, in the last few four-hour sessions, the price is moving without a clear direction, pivoting near its 50-period simple moving average (SMA). The momentum indicators suggest that near-term risks are tilted to the downside. The RSI is flatlining in the negative zone, while the MACD histogram is found below both zero and its red signal line. Should the bearish forces [..]

Technical Analysis – Microsoft stock moves sideways after its rebound falters

Posted on February 8, 2022 at 8:13 am GMT

Microsoft stock has recovered some lost ground after its short-term decline ceased at the six-month low of 275.80 in January. However, in the last few sessions, its ongoing rebound seems to be stalling as the price has adopted a more sideways pattern. The momentum indicators depict that selling forces have gained the upper hand. More specifically, the stochastic oscillator is steeply sloping downwards, while the RSI has flatlined below the 50-neutral mark. Additionally, the price is currently trading beneath the Ichimoku cloud, [..]

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