Stock Market News / Page 73

Technical Analysis – US 500 index slips after posting all-time high; bias bearish

Posted on January 10, 2022 at 8:21 am GMT

The US 500 stock index (cash) has been plummeting in the four-hour chart since its upside trajectory peaked at the all-time high of 4,817. Moreover, the price crossed beneath both its 50-period simple moving average (SMA) and the Ichimoku cloud, further reinforcing the index’s imminent bearish bias. The recent pullback is likely to resume as the short-term oscillators indicate that selling forces have taken control. The MACD is found below its red signal line in the negative region, while the RSI is ticking slightly upwards well below its 50-neutral mark. If the price continues to descend, immediate support [..]

Technical Analysis – US 30 retreats from all-time high as bearish forces reign

Posted on January 7, 2022 at 9:18 am GMT

The US 30 stock index (cash) has been experiencing a minor pullback in the last few four-hour sessions since its long-term rally peaked at the all-time high of 36,950. Moreover, the price crossed below its 50-period simple moving average (SMA), reinforcing the index’s imminent bearish bias. The recent retreat is likely to continue as the short-term oscillators confirm that sellers have gained the upper hand. The MACD is found below its red signal line in the negative region, while the RSI [..]

Stocks 2022 outlook: will the bulls dominate or are bumpier times ahead?

Posted on December 29, 2021 at 12:37 pm GMT

It’s been another spectacular year for equity markets as the pandemic-induced stimulus has kept the rally on Wall Street alive even as the virus threat has yet to recede. The picture has been a little more mixed in some other parts of the world like Asia, but overall, 2021 has been fantastic for most risk assets. So what were the driving forces behind these moves and can the positive trend be sustained in 2022 when most central banks have begun [..]

Technical Analysis – US 500 rebounds after sharp sell-off; bullish bias arises

Posted on December 22, 2021 at 9:25 am GMT

The US 500 stock index (cash) is trying to stage a full rebound after its short-term downtrend ceased at the 4,530 level in the four-hour chart. Although the index has already recouped half of its recent losses, its upside move is meeting some resistance near the 50-period simple moving average (SMA). The index’s recent recovery is likely to resume as the momentum indicators reinforce the positive near-term picture. Specifically, the MACD histogram is found well above its red signal line in the negative area, [..]

Technical Analysis – UK 100 index battles with 200-SMA as bullish bias arises

Posted on December 17, 2021 at 8:43 am GMT

The UK 100 stock index (cash) has been giving up ground in the short-term after the price peaked at 7,380 in early December. However, in the last few sessions, the index has bounced back somewhat and has been trying to overcome its 200-day simple moving average (SMA), currently at 7,250. The near-term picture suggests that bullish forces have gained the upper hand. This is further confirmed by the momentum indicators, with the MACD crossing above its red signal line but remaining in the [..]

Technical Analysis – US 100 index gains traction, eyeing record highs

Posted on December 16, 2021 at 9:10 am GMT

The US 100 cash index has been trending upwards in the long term, achieving a new record-high of 16,767 in late November. Since then, the price has slightly retreated, but in the near-term, some positive momentum has emerged, reviving bulls’ hopes for further upside potential. This positive immediate-term bias is further reinforced by the momentum indicators. The stochastic oscillator has posted a bullish crossover, while the MACD histogram has crossed above its red signal line in the positive region. Moreover, the price [..]

Technical Analysis – US 500 index retreats ahead of all-time high, upside intact

Posted on December 13, 2021 at 4:15 pm GMT

The US 500 stock index (Cash) has receded from the upper Bollinger band around 4,730 prior to retesting the all-time high of 4,744. The simple moving averages (SMAs) have converged with the 100-period SMA flatlining, promoting a more neutral bearing, while the rising 50-period SMA suggests the recent climb from the 4,494 region could endure. The short-term oscillators are reflecting the increase in bearish forces. The MACD, far above zero, has dipped below its red trigger line, hinting that positive [..]

Technical Analysis – US 100 meets support at 200-SMA; bias remains negative

Posted on December 10, 2021 at 8:54 am GMT

The US 100 cash index has been trending downwards after achieving a new all-time high of 17,767 in mid-November. Although the price managed to merely bounce back since further declines were rejected at the 15,540 region, its short-term rebound seems to be running out of steam. Despite finding support at its 200-day simple moving average (SMA) in the last few sessions, bearish forces seem to retain the upper hand. This near-term bearish bias is also reinforced by the momentum indicators, [..]

Technical Analysis – US 30 index powers back higher, eyeing its all-time highs

Posted on December 10, 2021 at 8:37 am GMT

The US 30 cash index has powered back higher from its December lows amid resurfacing positive momentum. Moreover, the overall picture remains bullish as the index is currently trading above its 50- and 200-day simple moving averages (SMAs). Short-term momentum indicators are reflecting a positive bias for the index, as the RSI is hovering above its 50 neutral mark. The MACD is found above its red signal line and is looking ready to cross above zero, which could be another [..]

Technical Analysis – US 500 index attempts to push higher

Posted on December 6, 2021 at 4:24 pm GMT

The US 500 stock index (Cash) is trying to recoup previously lost ground from the decline off the 4,720 level until the one-and-a-half month low of 4,494. The bearish 50- and 100-period simple moving averages (SMAs) are endorsing the pullback, and a downward crossover of the 200-period SMA by the approaching 100-period SMA could boost the negative trajectory. That said, the Ichimoku lines are suggesting downward forces are taking a breather, while the short-term oscillators are signalling that buyers may [..]

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