Stock Market News

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Technical Analysis – JP 225 index steadily gains ground

Posted on May 13, 2020 at 2:32 pm GMT

JP 225 stock index (Cash) continues to gradually appreciate backed by the positively charged simple moving averages (SMAs). Further fuelling the upward incline, are the Ichimoku lines – though slightly weakened – and the Ichimoku cloud. Glancing at the short-term oscillators, they too reflect some stalling in momentum despite remaining in positive territories. The MACD, in the positive section, has slipped below its red signal line, while the RSI, above its neutral threshold has turned downwards. If the positive structure [..]

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Technical Analysis – US 500 index’s advances under pressure

Posted on May 11, 2020 at 9:38 am GMT

US 500 stock index (Cash)  is struggling to overcome the 2,935 level, that being the 61.8% Fibonacci retracement of the down leg from the all-time high of 3,396.64 until the 2,183.95 low, after acquiring some footing on the Ichimoku cloud’s upper band at 2,791. The positive tone of the Ichimoku lines and the short-term oscillators further back an advancing view. The MACD, in the positive section, is holding just above its red trigger line, while the RSI is creeping higher [..]

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Disney braced for earnings backlash despite streaming boom – Stock Market News

Posted on May 5, 2020 at 12:23 pm GMT

As the US earnings season continues in earnest amid the virus shutdowns, one of this week’s highlights will be the results from the Walt Disney Company. Disney will unveil its second quarter earnings on Tuesday after the market close and is expected to report growth in revenue. But with business activity not too significantly disrupted during the first three months of the year, the market’s reaction will depend on the Company’s outlook for the rest of the year. Empty theme [..]

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

Posted on May 4, 2020 at 1:15 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 [..]

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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 [..]

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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, [..]

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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 [..]

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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 – [..]

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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 [..]

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

Posted on April 28, 2020 at 6:56 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 [..]

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