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Technical Analysis – JP 225 index bounces off 14-month low as negative bias eases; bearish outlook holds

Posted on January 31, 2022 at 10:16 am GMT

The JP 225 stock index (cash) has been experiencing a sharp decline in the past two weeks, generating a clear structure of lower highs and lower lows. The index managed to halt its decline after hitting the lower Bollinger band, while the near-term bias endorses the likelihood of a rebound. The momentum indicators further confirm that selling pressure is fading. The MACD histogram remains beneath both zero and its red signal line but its downfall reversed, while the stochastic oscillator [..]

Alibaba Q4 earnings: Can a solid report halt the sell-off? – Stock Market News

Posted on January 28, 2022 at 2:18 pm GMT

Alibaba is set to announce its fourth-quarter financial results on Tuesday before Wall Street’s opening bell. The company’s shares have been plunging in the past year as the online retail behemoth was caught in the middle of a major regulatory crackdown on multiple sectors of the Chinese economy. The firm is anticipated to experience a deceleration in sales growth, despite likely posting its highest revenue figure in the last two years. The consensus recommendation from Refinitiv analysts is ‘buy’, indicating strong growth prospects for the firm. Alibaba shares underperformed in [..]

Is Alphabet an attractive play ahead of its Q4 earnings? – Stock Market News

Posted on January 28, 2022 at 1:05 pm GMT

Google parent Alphabet is set to unveil its fourth fiscal quarter earnings results for 2021 on Tuesday, February 1, after Wall Street’s closing bell. The third most valuable publicly traded company in the US is expected to record a solid, double-digit year-over-year growth. Despite depreciating by over 10% so far in 2022, the company’s stock surged by almost 65% during 2021, outperforming the broader market. Alphabet’s story continues to be advertisement The advertising business is the foundation of Alphabet’s success, [..]

Technical Analysis – US 30 index remains negative in short-term; SMAs post bearish cross

Posted on January 28, 2022 at 8:50 am GMT

The US 30 (Cash) index rebounded off the seven-month low of 33,145, gaining some momentum, but the short-term simple moving averages (SMAs) posted a bearish crossover. The RSI indicator is flattening near the oversold zone, while the MACD oscillator is losing ground below its trigger and zero lines. If price action remains above 33,940, there is scope to test 34,664, which the index failed to surpass in the previous day. Clearing this key level would see additional gains towards the 200-day SMA [..]

Technical Analysis – Amazon erases 2021 record rally; bearish but oversold

Posted on January 27, 2022 at 11:50 am GMT

Amazon’s stock has fully canceled its 2021 record rally in just a week, diving by more than 14% to a 1½-year low of 2,704 on Wednesday. The freefall in the price has breached the broad sideways trajectory in the market, and the progressing death cross between the 50- and 200-day simple moving averages (SMAs) is a worrying sign that the market could remain trapped within the downward trajectory for longer. The question that arises at this point is whether the slump is [..]

Technical Analysis – Tesla stock rises again but will the bounce hold?

Posted on January 26, 2022 at 4:23 pm GMT

Tesla’s stock switched back to the green territory this week following the quick rebound on the 200-day simple moving average (SMA) at 855, with the price currently battling for a break above the 950 key level ahead of the company’s earnings release (after the market close). The latest upside reversal in the RSI and the Stochastics is still under examination given that the MACD continues to lose ground below its zero and signal lines. What is even more discouraging is the progressing [..]

Is Facebook owner Meta attractive ahead of earnings? – Stock Market News

Posted on January 26, 2022 at 3:19 pm GMT

Meta Platforms, the parent company of Facebook, will announce its latest earnings on Wednesday, February 2, after Wall Street closes. Growth is slowing while operating costs are rising, a combination that has seen the share price lose more than 20% from its highs last year. Even though the pain might persist for now, valuation is becoming attractive and the enormous buyback program could prevent any dramatic losses. Slowing down The world’s dominant social media conglomerate is going through a tough [..]

Technical Analysis – US 100 index’s decline halts but outlook remains bearish

Posted on January 26, 2022 at 10:05 am GMT

The US 100 stock index (cash) has been experiencing a major sell-off since the beginning of the year but recently the price managed to cease its dip at the 13,720 region. Although the index has not yet managed to recoup a significant part of its losses, positive momentum seems to be strengthening. The momentum indicators are endorsing the cautiously positive near-term bias. The stochastic oscillator is sloping upwards after posting a bullish crossover, while the RSI has managed to rebound from the [..]

Amazon shares sink ahead of Q4 earnings announcement – Stock Market News

Posted on January 26, 2022 at 9:58 am GMT

Amazon is set to unveil its fourth-quarter financial results on Thursday after Wall Street’s closing bell. The world’s biggest online retailer is going to measure up to a tough year-ago comparison when revenue was surging due to global Covid-19 restrictions, while lately the upcoming monetary tightening by the Fed has negatively impacted its stock price. Although deterioration in the company’s financial figures is expected, the consensus recommendation from Refinitiv analysts is ‘buy’, indicating strong growth prospects for the firm. Amazon had a [..]

Technical Analysis – Apple stock ticks up ahead of earnings session

Posted on January 26, 2022 at 9:42 am GMT

Apple stock is releasing its earning on January 27 and has been in a descending movement after the pullback off 182.75. However, it is creating a positive movement over the last few sessions. The price is finding strong support at the 100-day simple moving average (SMA), remaining beneath the Ichimoku cloud. The MACD oscillator is losing ground below its trigger and zero lines, while the RSI is approaching the oversold territory. If the stock moves higher, the next resistance could [..]

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