Stock Market News / Page 81

Technical Analysis – US 30 index capped by 200-MA; downside risks persevere

Posted on May 20, 2021 at 2:41 pm GMT

The US 30 stock index (Cash) is struggling to return above the 200-period simple moving average (SMA) after the strong downward correction off of its all-time high of 35,091. The diving 50-period SMA and its freshly completed bearish crossover of the hovering 100-period SMA is signalling that the index’s positive sentiment is currently lacking. The dwindling slopes of the 100- and 200-period SMAs are promoting a price consolidation phase. Nonetheless, the technical indicators are currently favouring a short-term neutral-to-bearish demeanour [..]

Technical Analysis – US 500 index sustains steady hike into uncharted waters

Posted on May 10, 2021 at 3:25 pm GMT

The US 500 stock index (Cash) has registered a fresh all-time high of 4,244 and is maintaining its’ decisive bullish tone, which is being shielded by the Ichimoku lines. Moreover, the firm incline in the slopes of the simple moving averages (SMAs) provide a formidable buffer zone for sellers to overcome in order to shift the bias to the downside. The short-term oscillators are transmitting mixed signals in directional sentiment, but the broader picture remains clearly bullish. The MACD is [..]

Disney earnings: It’s all about streaming – Stock Market News

Posted on May 7, 2021 at 10:49 am GMT

The world’s leading entertainment powerhouse will release its quarterly results on Thursday, after Wall Street’s closing bell. Profit numbers aside, the real driver for markets will be the subscriber growth metrics of Disney’s streaming service. The future remains bright overall but a lot of good news is already priced in judging by the company’s tech-like valuation. Stellar execution is now required. Never let a good crisis go to waste It’s been a huge year for Disney. The pandemic forced the [..]

Amazon Q1 earnings preview: guidance and stock split – Stock Market News

Posted on April 29, 2021 at 2:16 pm GMT

Amazon’s stock has barely budged since the rally to a record high of 3,552 last September, despite the spectacular earnings in the previous quarter. Another stellar report could follow today after the market close, but with Jeff Bezos having stepped down as the company’s CEO and the vaccines easing the dependence on online activities, investors would like to get an excellent Q3 guidance under the new CEO to boost buying orders, especially those who have missed the pandemic rally. Q1 [..]

Technical Analysis – US 500 index edges sideways; uptrend still intact

Posted on April 28, 2021 at 6:15 am GMT

The US 500 stock index (Cash) is consolidating just beneath its fresh all-time high of 4,198 by sustaining some footing off the mid-Bollinger band around 4,173. Positive momentum is present after sellers failed on two occasions to overturn the bullish bias by steering beneath the 50-period simple moving average (SMA). However, currently, the necessary impetus to steer the index higher is frail. The bullish SMAs are defending the ascent, while the short-term oscillators are conveying mixed signals in directional momentum. [..]

Apple earnings: buybacks might boost stock as iPhone sales seen slowing – Stock Market News

Posted on April 28, 2021 at 5:50 am GMT

Apple Inc. is poised for another stellar quarterly performance on Wednesday when it reports its earnings after Wall Street’s closing bell. While revenue is expected to have declined from the previous holiday quarter, Apple’s fiscal second quarter should still reflect strong year-on-year growth, amplified by last year’s pandemic effect. Healthy demand for its broader product and services offerings could support the share price if iPhone sales slow more than expected. However, it is the Company’s plans on dividends and share [..]

Alphabet earnings to get another boost from digital ad rebound – Stock Market News

Posted on April 27, 2021 at 2:46 pm GMT

Google parent Alphabet was late in joining last year’s tech rally but a powerful rebound in digital ad revenue in the fourth quarter helped the stock catapult to new heights. Alphabet is expected to report another strong quarter after Tuesday’s market close on Wall Street. However, will a jump in ad revenue alone be enough to lift the stock this time round? Ad rebound in full gear Alphabet was one of the few Big Techs that saw its revenue plunge [..]

Technical Analysis – Facebook fades from all-time high but maintains a positive tone

Posted on April 27, 2021 at 1:59 pm GMT

Facebook’s stock price is struggling to push over the mid-Bollinger band around 303.10 after the stock’s retracement found some footing in the vicinity of the 50-period simple moving average (SMA). The bullish SMAs are defending the latest uptrend; however, the short-term oscillators are suggesting bullish sentiment is fighting to regain an advantage. The MACD is ever so slightly in bearish territory and is trying to return back above its red trigger and zero lines, while the RSI is improving after [..]

Technical Analysis – Google stock continues the bullish tendency around new highs

Posted on April 27, 2021 at 8:21 am GMT

Google (Alphabet) stock price has been in an ascending tendency since March 2020, creating a multi-year high of 2,339.72 on Monday. The positive slope in the RSI, which runs comfortably above its 70 overbought mark, is painting a rosy picture for the short-term. However, with the MACD oscillator flattening near its trigger line in the positive territory, it is reasonable to believe that the rally may appear short-lived. The 2,315 number is the nearest resistance that could reject any attempt higher. [..]

Microsoft stock flirts with fresh record ahead of expected strong earnings – Stock Market News

Posted on April 26, 2021 at 3:56 pm GMT

Microsoft Inc. will report earnings for its fiscal third quarter on Tuesday after Wall Street’s closing bell. The Company continues to enjoy robust demand for its products and services amid the ongoing pandemic and the global shift to cloud computing. If the results of its last eight earnings announcements are anything to go by, Microsoft looks set for another impressive beat, potentially lifting the stock to new highs. No end in sight to cloud boom The Seattle-based tech giant has [..]

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