Stock Market News / Page 78

Technical Analysis – JP 225 index pins new multi-year high; bearish divergence detected

Posted on September 15, 2021 at 9:49 am GMT

Japan’s 225 stock index (cash) surpassed February’s high to top at 30,804 on Tuesday – the highest since the 1990 bubble levels – before closing a bit lower. While the index has corrected the minor pullback below the 20-period simple moving average (SMA) and is currently set to rechallenge the 30,545 – 30,600 barrier, the negative trajectory in the RSI and the MACD continues to conflict the latest higher highs in the market, warning of a bearish divergence phenomenon. In other words, the [..]

Technical Analysis – US 500 index plays in a déjà vu episode; eyes on 4,428

Posted on September 15, 2021 at 8:02 am GMT

The US 500 stock index (cash) ran down to meet familiar support lines on Tuesday, represented by the blue Kijun-sen line and the 50-day simple moving average (SMA), after an unsuccessful attempt to return above the 20-day SMA at 4,491. The negative correction could be a déjà vu of the short-lived downfalls registered in the past six months as the long-term uptrend shows no sign of reversing. Adding to the encouraging signals is the red Tenkan-sen line which continues to fluctuate above [..]

Technical Analysis – Apple stock loses 4.5% from records ahead of iPhone launch event

Posted on September 14, 2021 at 8:30 am GMT

Apple’s stock lost around 4.5% following the peak to a fresh record high of 157.12 last week, printing one of its fastest declines since the start of the year before the company’s annual iPhone launch event today. The price closed marginally below the 50-period exponential moving average (EMA) on the four-hour chart, which has been a key floor to downside movements since the end of July, but the 23.6% Fibonacci retracement of the 122.99 – 157.12 upleg came immediately to [..]

Technical Analysis – US 30 index struggles to push over mid-Bollinger band

Posted on September 10, 2021 at 2:01 pm GMT

The US 30 stock index (Cash) has dived back below the mid-Bollinger band at 35,031, with its odds looking very slim for now in testing the resistance barricade reinforced by the simple moving averages (SMAs). As things stand, the converging SMAs are promoting a slight neutral-to-bearish tilt. The short-term oscillators are favouring the downside. The MACD’s climb is subsiding in the bearish region and it is heading down towards its red trigger line, while the stochastic oscillator is about to [..]

Technical Analysis – US 100 index slides, but uptrend still in play

Posted on August 19, 2021 at 2:15 pm GMT

The US 100 index (Cash) took some fire in recent sessions, sliding from the record high of 15,182 before encountering some support near the 50-day moving average (MA) currently at 14,720 and subsequently rebounding a little. The decline in the market has been swift, but not enough to threaten the bigger uptrend. Short-term oscillators detect negative momentum, reflecting the latest decline in the price. The RSI has dropped below 50 and is pointing lower, and while the MACD is still [..]

Theme parks and streaming could drive earnings comeback at Disney – Stock Market News

Posted on August 11, 2021 at 3:18 pm GMT

The Walt Disney Company will report its fiscal third quarter financial results on Thursday after the close of Wall Street trading. The Company is expected to reveal a big jump in year-on-year revenue growth for the June quarter as more Disney parks and movie theatres reopened their doors. But there are worries that new subscription additions at the popular Disney+ streaming service may disappoint again. The share price hasn’t really gone anywhere this year, which perhaps is partly a reflection [..]

Technical Analysis – US 500 hovers near all-time high

Posted on August 9, 2021 at 10:18 am GMT

The US 500 stock index (Cash) appears to remains upbeat, having stretched to a fresh all-time high of 4,440.04, after a recent but only minor pullback to a low of 4,229. The simple moving averages (SMAs) are maintaining firm northbound bearings, providing defences to the positive structure. However, the short-term oscillators are indicating a somewhat flat momentum on price action. The MACD, is moving horizontally above its zero level and near its trigger line, while the RSI is pointing slightly [..]

Technical Analysis – Amazon stock holds well above ascending trend line

Posted on July 29, 2021 at 11:10 am GMT

Amazon stock price has been falling erasing the upward move followed the company’s stock ascending move in the previous week, remaining above the 20- and 40-day simple moving average (SMAs). From a technical perspective, the short-term bias is viewed as negative, reflected by the downside move in the RSI and the stochastic which posted a bearish crossover within the %K and %D lines. Yet only a decisive close below the nearby support of the 20-day SMA at 3614, can boost selling [..]

Amazon earnings: Another impressive quarter? – Stock Market News

Posted on July 28, 2021 at 2:31 pm GMT

The world’s biggest online retailer will report its results on Thursday after Wall Street closes. Analysts expect another amazing quarter as Prime Day came early this year, turbocharging sales. The prospects for Amazon remain bright overall, but in the near future, the company could face a slowdown in growth as people in America and Europe spend less time at home. It’s good to be king Amazon has come to dominate everyone’s lives and the pandemic simply accelerated this process. The [..]

Technical Analysis – Facebook stock recedes from all-time high of 375

Posted on July 27, 2021 at 3:41 pm GMT

Facebook stock has retreated below the 369.00 support after aggressive traction off the 100-period simple moving average (SMA) catapulted the price to a fresh all-time high of 375.00. The advancing SMAs are shielding the short-term bullish structure, endorsing the upside. However, the Ichimoku lines are indicating that positive drive is temporarily stalled, while the short-term oscillators are suggesting that sellers may be starting to gain a slight advantage. The MACD’s incline is slowing far above its red trigger line in [..]

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