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Technical Analysis – Microsoft stock maintains bullish outlook below record high

Posted on February 17, 2020 at 1:57 pm GMT

Microsoft’s stock price is trading not too far from the new record high of 189.50 on Tuesday, having pulled back slightly. But momentum indicators suggest that a possible downside correction may be on the cards. In regard to the technical oscillators, the near-term bias is looking neutral-to-bearish as the RSI is flatlining at the 70 level, while the stochastics are pointing south and the %K and %D lines are negatively aligned. Should the price make another run higher, it’s likely to meet resistance at [..]

Nvidia to report first revenue increase in a year as stock price defies virus fears – Stock Market News

Posted on February 12, 2020 at 5:16 pm GMT

The graphics chipmaker, Nvida Corp, will report its earnings result for the fourth quarter of 2019 on Thursday after the US market close. After seeing revenue plummet in 2018/2019, analysts are confident Nvida will announce its first annual growth in a year on Thursday. Despite the poor earnings run, however, the company’s stock price has almost fully recovered from the initial slump in late 2018 and has been outperforming the broader market since the start of 2019. Revenue expected to [..]

Technical Analysis – Alibaba stock seems to have found a floor at 50-SMA

Posted on February 12, 2020 at 8:17 am GMT

Alibaba stock price found some footing around the 50-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the up leg from 151.70 to 231.00 at 212.38 and is trying to return to a bullish trend after the rebound on the 38.2% Fibo of 201.00. Regarding the technical indicators, the RSI indicator is pointing up in the 50 level with weak momentum and the MACD is in progress to create a bullish cross with its trigger line in [..]

Technical Analysis – US 100 Index’s boost dwindles as it looks for a new summit

Posted on February 10, 2020 at 3:12 pm GMT

US 100 Index’s (Cash) recent appreciation, which bounced off the blue Kijun-sen line around 9,056, produced a fresh all-time high of 9,459. That said, the index appears to have taken a breather, something also reflected in the technical indicators, which display some wanings in positive momentum. The MACD, although deep in the positive region and above its red trigger line, has lost steam, while the RSI is hovering below the 70 level. The Stochastics also warn of possible weakness in [..]

Technical Analysis – Amazon stock cautiously bullish despite pullback

Posted on February 6, 2020 at 4:16 pm GMT

Amazon stock aggressively gapped up near to 2,050 on 31 January and proceeded to plot a fresh all-time-high of 2,066.36 before correcting slightly below 2,034. Buyers’ efforts are currently steering the stock back up, a move aided by the upward sloping simple moving averages (SMAs) and the recent bullish crossover of the 200-day SMA by the 50-day one. Moreover, the technical indicators suggest positive momentum may keep up with the latest move, even though the RSI and Stochastics are located [..]

Twitter to report higher revenue but focus on daily active user growth – Stock Market News

Posted on February 5, 2020 at 2:57 pm GMT

Twitter, Inc. will announce its earnings result for the fourth quarter on Thursday before the market open. The company is expected to report somewhat better earnings this time round compared to the third quarter when it missed both its revenue and earnings per share estimates, sending the stock price crashing more than 20%. As always, however, investors’ main concern will be how many new users the social media firm added as it struggles to maintain user growth. Higher revenue expected [..]

Technical Analysis – Twitter stock pauses above uptrend line; loads for next direction

Posted on February 4, 2020 at 10:43 am GMT

Twitter stock is currently consolidating around 32.68 – which is the 23.6% Fibonacci retracement of the down leg from 45.81 to 28.60 – capped by the 20-day simple moving average (SMA) and supported by the 50-day SMA and uptrend line drawn from 14 November 2019. Backing this view are the momentum oscillators, the flat 200-day SMA and Ichimoku lines. The MACD has slipped below its red trigger line but both are still hovering slightly above zero, while the RSI is [..]

Technical Analysis – Disney’s stock gaps back above 100-day SMA after consolidation

Posted on February 3, 2020 at 3:18 pm GMT

Disney stock’s two-month descent, from the all-time-high of 153.33 stalled at 135.74, which is the 38.2% Fibonacci retracement of the up leg from 107.28 to 153.33. Presently, the stock appears undecided as it has gapped back above the flattened 200- and 100-day simple moving averages (SMAs), which back this notion. The MACD in the negative area, though below its red trigger line, is strengthening, while the RSI is improving in bearish territory. The Stochastics are bullish and rising after having [..]

Technical Analysis – Google bears eye 1,420 for more downside in short-term

Posted on February 3, 2020 at 12:14 pm GMT

Google stock shifted south after peaking at an all-time high of 1,501 on January 22 but the bears should push below 1,370 and under the ascending trendline to put the upward pattern in the bigger picture in doubt. In the near-term, the focus will be on the 1,420 level as the RSI and the MACD suggest a neutral-to-bearish bias for the coming sessions. This is also where the 23.6% Fibonacci of the 1,159-1,501 upleg meets the 50-period simple moving average (SMA). [..]

Technical Analysis – Microsoft stock takes a step back; bullish picture intact

Posted on January 28, 2020 at 4:43 pm GMT

Microsoft stock turned down from the fresh all-time high of 168.11 but its pullback seems to have stalled around the inside swing high of 160.60, where buyers have driven the price back up again. The pause in the market is also reflected in the Ichimoku lines – which have flattened – and the conflicting signals from the short-term oscillators. The MACD deep in the positive region has slipped below its red trigger line, while the RSI, ahead of its neutral [..]

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