Stock Market News / Page 96

Technical Analysis – Western Union stock halts bearish bias, creating narrow range

Posted on May 4, 2020 at 1:14 pm GMT

Western Union stock price has been underperforming in the past two days, breaking back below the 50-period simple moving average (SMA). When looking at the bigger picture, the pair was in a negative move before it started consolidating after finding a floor at the 14-month low of 17.45. Momentum indicators are pointing to a neutral to negative bias in the short term with the RSI just below 50 and the stochastic oscillator deep in oversold zone. Also, the SMAs are following the price [..]

Technical Analysis – US 500 index stalls after fading ahead of 2,986 border

Posted on May 4, 2020 at 12:15 pm GMT

The US 500 stock index (Cash) is inactive at the 2,789 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time high of 3,396.64 till the 2,183.95 low. The price appears stuck between the lower Bollinger band of 2,767 and the 100-period simple moving average (SMA) at 2,827. Turning to the short-term oscillators, the RSI and the stochastics promote advances as does the 200-period SMA, which is building an incline. Moreover, the 50- and 100-period SMAs [..]

Virus to slam Exxon Mobil and Chevron revenue but EPS to stay positive – Stock Market News

Posted on April 30, 2020 at 12:41 pm GMT

US oil giants Exxon Mobil Corp and Chevron Corp are set to announce their first quarter earnings results on Friday, May 1, amid the oil industry facing its worst crisis in a generation. It goes without saying then that both Exxon and Chevron will report a big drop in revenue when they announce their results before the market open. But with no one actually doubting that the oil sector will be able to bounce back once the market rebalances itself, [..]

Technical Analysis – Twitter stock retains positive bias but indicators are weakening

Posted on April 29, 2020 at 12:22 pm GMT

Twitter stock price has been holding in an upward sloping channel after the bounce off the 28-month low of 20.00. In the short-term, the upside momentum is confirmed by the simple moving averages (SMAs), however, the technical indicators are losing momentum. The RSI is moving lower towards the neutral level, while the MACD is heading down in the positive territory. Should the stock stretch south, immediate support is coming from the 100-period SMA, which stands near the 38.2% Fibonacci retracement [..]

Apple’s earnings could shake the entire market – Stock Market News

Posted on April 29, 2020 at 8:05 am GMT

The world’s second-largest company by market capitalization will release its earnings results on Thursday after Wall Street’s closing bell, and investors will be eager to find out how Apple sees its future sales and when it expects to release its next iPhone generation. Even if the stock takes a hit on gloomy guidance, the long-term story remains bright as the firm has a clean balance sheet that will help it weather this crisis. Beyond its own stock, Apple’s results – [..]

Technical Analysis – Apple stock reverses up but 61.8% Fibo acts as strong resistance

Posted on April 28, 2020 at 1:28 pm GMT

Apple stock price has been in a retracement movement of the latest large fall from the record high of 327 to the 212 support. The price found strong resistance at the 61.8% Fibonacci mark of the aforementioned down leg at 283 and near the 100-day simple moving average (SMA). The MACD is currently increasing positive momentum above the zero and trigger lines, while the stochastics indicate a stronger bullish move as they approaching the overbought zone. An advance above the [..]

Technical Analysis – US 500 stock index’s positive picture stalls; edges sideways

Posted on April 28, 2020 at 6:54 am GMT

US 500 index (Cash) is experiencing some limitations around the 2,893 resistance, where the upper Bollinger band presently resides. The smoothed appearance in price action over the last two weeks is also demonstrated in the flattening of the 200-period simple moving average (SMA), as the price holds between 2,893 and 2,708. The short-term oscillators also reflect the stall in price and suggest a weakened state of directional momentum. The MACD, in the positive zone, is flattening slightly above its red [..]

Technical Analysis – Tesla stock builds base above SMAs; resumes positive picture

Posted on April 27, 2020 at 1:05 pm GMT

Tesla stock price has advanced considerably above the simple moving averages (SMAs) and the Ichimoku cloud in the daily timeframe, suggesting a continuation of the upside tendency. The technical picture supports that this move is likely to continue in the short-term. The RSI is pointing slightly up above the 50 level, while the stochastic completed a bullish crossover within its %K and %D lines. In the wake of more positive pressures, the market could meet resistance at the 770.50 barrier, [..]

Technical Analysis – JP 225 index unable to decisively close above 50.0% Fibonacci

Posted on April 24, 2020 at 11:54 am GMT

JP 225 stock index (Cash) appears mostly flat in the very near-term as it edges sideways into the Ichimoku cloud, capped by the 50-day simple moving average (SMA) residing at the 19,779 border, that being the 50.0% Fibonacci retracement of the down leg from 24,162 to 15,384. Extra neutral signals are reflected in the flattened Ichimoku lines, despite their bullish tone. The short-term oscillators further exhibit a picture of evaporated directional momentum. The MACD is above its red trigger line [..]

Technical Analysis – Facebook stock recovers after rebound on 15-month low

Posted on April 23, 2020 at 1:10 pm GMT

Facebook’s stock price has been advancing over the last month after it reached a 15-month low of 136.75. The run above the 50-day SMA could open the way for a possible upside correction of the negative movement from 224.30 to 136.75. Regarding the momentum indicators, the MACD entered the positive territory while the RSI is pointing north above the 50 level. An extension of the positive move could push the stock towards the 61.8% Fibonacci level of the down leg [..]

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