Stock Market News / Page 82

Technical Analysis – Apple consolidates somewhat but readies for a positive boost

Posted on April 26, 2021 at 1:53 pm GMT

Apple’s stock price appears stuck within a minor range but is making efforts to overstep the 134.85-135.44 resistance band. The climbing 50-period simple moving average (SMA) is nearing a bullish crossover of the 200-period SMA, while the 100-period SMA has surrendered its negative slope and has already started endorsing the positive picture with its flattening demeanour. The static Ichimoku lines are reflecting a pause in positive impetus, while the short-term oscillators are suggesting bullish sentiment is battling to gain the [..]

Technical Analysis – Microsoft stock poised for a breakout ahead of earnings

Posted on April 26, 2021 at 10:51 am GMT

Microsoft Inc stock had its best month in almost a year, surging by 10.5% to top at a new all-time high of 261.50 on Thursday. The bullish fuel, however, seems to be running low according to the technical picture, suggesting that the recent tight range-bound trading could result in a downside correction. Specifically, the RSI seems to be making lower lows below its 70 overbought level, while the MACD is set to slip back below its red signal line. Traders [..]

Technical Analysis – US 30 index consolidates around its highs; retains bullish tone

Posted on April 23, 2021 at 1:28 pm GMT

The US 30 stock index (Cash) seems caught within a minor ranging market after retreating slightly below its all-time high of 34,251. The simple moving averages (SMAs) are shielding the broader bullish bias; however, the flattening Ichimoku lines are reflecting the evaporation of directional momentum. The short-term oscillators are transmitting conflicting signals in sentiment but are slightly skewed to the downside. The MACD is below its red trigger line and is heading lower in bearish territory, while the sustained negative [..]

Technical Analysis – Tesla works to retain an optimistic tone

Posted on April 23, 2021 at 12:16 pm GMT

Tesla’s stock price is attempting to pierce below the 200-period simple moving average (SMA) after the stock’s recent improvements from 588 until 782 have continued to gradually dwindle. The upturn of the 50-period SMA, which is now nearing a completion of a bullish crossover of the 100-period SMA, is suggesting buying interest could return to refuel an upside tendency. Presently the Ichimoku lines appear unable to distinguish a clear price direction, while the short-term oscillators have identified a price preference [..]

Tesla earnings: Battle of narratives – Stock Market News

Posted on April 23, 2021 at 10:10 am GMT

The world’s largest carmaker by market cap will report quarterly earnings on Monday, after Wall Street’s closing bell. Following an astonishing run for Tesla’s shares in 2020, the stock has lagged the market so far this year. The future remains promising, but that’s also reflected in the firm’s valuation, which already implies stellar growth for several years. Controversial It’s very rare for a company to draw such contrasting reactions from investors. With Tesla, you either love it or hate it. [..]

Technical Analysis – JP 225 index reveals possible head & shoulders pattern

Posted on April 22, 2021 at 2:10 pm GMT

Japan’s 225 index (Cash) appears to have shaped what looks to be like a head and shoulders reversal pattern after rallying to a multi-decade high of 30,711. The price has gradually eased off its fresh top, plotting overall lower highs but via a rather sideways ranging demeanour. The bullish simple moving averages (SMAs) are shielding the prevailing uptrend; however, the decelerating slope of the 50-day SMA is transmitting warning signs for positive sentiment. We can see that the index confirmed [..]

Technical Analysis – Netflix stock holds trendless below July’s peaks ahead of earnings

Posted on April 20, 2021 at 9:57 am GMT

Netflix stock has been trendless since July 2020, ranging between a record high of 592.30 and a low of 457.45. Currently, there is little expectation for any sharp movement as the RSI is sidelining above its 50 neutral mark and the MACD is hovering around its red signal line. Yet, with the indicators maintaining an upward trajectory since the plunge in March, upside corrections are more likely than downside ones. A clear close above 565.00 could raise buying orders, likely driving the [..]

Netflix earnings eyed amid declining market share; focus on subscribers – Stock Market News

Posted on April 19, 2021 at 3:43 pm GMT

Netflix Inc crossed the 200 million subscribers milestone in the last quarter, as the pandemic-fuelled stay-at-home trend boosted demand for streaming services. However, with the likes of Disney+ and others fast catching up, Netflix has seen its market share decline. Can the Company maintain the same impressive pace of subscriber growth when it reports its Q1 earnings on Tuesday after the market close? Any disappointment in subscriber numbers could potentially overshadow further improvement in its bottom line. Is Netflix losing [..]

Technical Analysis – US 500 index ready to elevate all-time high

Posted on April 19, 2021 at 2:48 pm GMT

The US 500 stock index (Cash) is sustaining its bullish tone above the rising Ichimoku lines, which are nourishing the price’s attempts to steer higher. Additionally, the advancing simple moving averages (SMAs) are shielding the positive structure. The short-term oscillators are reflecting the resilience of the index to survive attempts to retrace to a certain degree. The MACD is keeping above its red trigger line in the positive region, while the RSI is sustaining its recent nudge into the overbought [..]

Technical Analysis – US 30 index maintains relentless ascent and breaches 34,000 hurdle

Posted on April 16, 2021 at 1:02 pm GMT

The US 30 stock index (Cash) seems to guarantee that the stable hike, which has overstepped the 34,000 mark, is here to stay. The unwavering simple moving averages (SMAs) are firmly defending the positive structure, while the rising Ichimoku lines and the short-term oscillators are echoing an absence of gravity in the current picture. The MACD, in the bullish region, is persisting above the fairly stabilised red trigger line, while the RSI is improving in overbought territory. Furthermore, the stochastic [..]

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