Stock Market News / Page 84

Technical Analysis – US 500 index hovers between short-term SMAs

Posted on March 8, 2021 at 2:48 pm GMT

The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line and the RSI is turning lower around the neutral threshold of 50. Further losses could take the index towards the 3,664 support ahead of the 3,595 barrier, which stands around the long-term ascending trend line. A break below this line [..]

Technical Analysis – JPMorgan’s stock eyes trend reversal after record highs

Posted on March 5, 2021 at 11:02 am GMT

JPMorgan’s stock has been quite progressive since the start of November, making higher highs and higher lows within uncharted waters. The situation, however, is currently looking bleak on the four-hour chart as the creation of a potential double top pattern near the 19-year-old resistance line is increasing the case of a trend reversal. That said, the bearish formation requires a confirmational close below the 147.24 neckline, while the upward-sloping simple moving averages (SMAs) have yet to send any negative trend warnings, keeping some [..]

Technical Analysis – US 500 index tests 50-MA and weight of bearish pressures

Posted on March 1, 2021 at 3:44 pm GMT

The US 500 index (Cash) is trying to conquer the region from the 50-period simple moving average (SMA) until the 100-period SMA, after a foothold at the 3,788 level repowered the positive sentiment. The flattening out of the 100- and 200-period SMAs as well as the completed bearish crossover of the falling 50-period SMA are together signalling some waning in the up drive. Nevertheless, the Ichimoku lines are suggesting a pickup in positive momentum, while the short-term oscillators are promoting [..]

Technical Analysis – JP 225 index tries to shake bigger bullish bias

Posted on February 26, 2021 at 1:39 pm GMT

The Japan 225 stock index (Cash) recently dwindled from its new multi-decade high that was overall in-line with the 30,645 level, which happens to be the 176.4% Fibonacci extension of the down leg from 24,036 to the multi-year low of 15,384. The Ichimoku lines are reflecting a clear waning in positive sentiment but the pullback seems to be unable to jolt the ascent, as it has hit a snag around the region of 28,849-29,177. Furthermore, the soaring simple moving averages [..]

What’s behind the mania in stocks? – Special Report

Posted on February 16, 2021 at 11:46 am GMT

There’s something different about this booming stock market, especially when one looks at all the madness under the hood in small-cap and penny stocks. Several reasons have been floated to explain this phenomenon, from cheap money policies to massive government spending to the rise of small investors. It looks like a bubble, but the thing about bubbles is that they can last longer than anyone thinks possible. The only game in town The equity market has staged an epic comeback [..]

Technical Analysis – US 30 index consolidates around all-time high

Posted on February 11, 2021 at 3:46 pm GMT

The US 30 stock index (Cash) has stalled around its all-time high of 31,543 after its latest impressive rally from the 29,659 trough. The flattening Ichimoku lines are reflecting the stalling in the ascent, while the soaring 50-period simple moving average (SMA) and its recent bullish crossovers of the climbing 100- and 200-period SMAs is promoting additional price gains into uncharted waters. The short-term oscillators are reflecting mixed signals in directional momentum. The MACD, in the positive region, is weakening [..]

Technical Analysis – Could Zoom stock resume its rally during the vaccination campaign?

Posted on February 11, 2021 at 3:27 pm GMT

Zoom video’s stock seemed poised to start a downtrend after finalizing a bearish head and shoulder pattern below the neckline and the 380.00 level at the end of December. The bearish cycle, however, did not last long, and the price is currently set to dismiss the negative trend warning, recouping its lost ground above that line. A close above the Ichimoku cloud and the 440.00 number, which is slightly above the 38.2% Fibonacci mark of the October downfall, could raise buying interest, [..]

Technical Analysis – Disney takes a breather near record highs ahead of earnings

Posted on February 11, 2021 at 3:20 pm GMT

Disney’s stock is taking a break around its fresh record high of 190.50 in the four-hour chart, waiting for the next impetus to drive its almost one-year-old rally to uncharted waters ahead of its earnings release. The RSI and the fast Stochastics warn that a downside correction could be reasonable as the indicators have exited the overbought territory. However, with the price trading comfortably above its simple moving averages (SMA) and the Ichimoku cloud, a freefall below 183.30 and beneath [..]

Disney earnings: Winning the streaming wars? – Stock Market News

Posted on February 11, 2021 at 1:29 pm GMT

The world’s leading entertainment conglomerate will unveil its latest earnings results on Thursday after the market close. Disney’s theme parks are still mostly shut but the company has adapted well, strategically shifting its resources to its booming streaming service. The stock recently hit a new record high, but whether the gains are sustained will depend mostly on the subscriber growth numbers. Streaming is the way It is not every day that a company is expected to post quarterly losses but [..]

Twitter earnings likely boosted by ad rebound but Trump ban may weigh – Stock Market News

Posted on February 9, 2021 at 7:09 am GMT

Twitter will be the last of the major techs to report its earnings on Tuesday, after the market close. The social media giant is expected to enjoy another quarter of improving revenue after advertising sales were hammered at the onset of the pandemic. The addition of new features and enhancements to the Twitter platform probably contributed to higher user engagement. The company has also been at the forefront of tackling online abuse and fake news, most notably when it suspended [..]

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