Stock Market News

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Technical Analysis – Amazon stock finds support at ascending line; strongly positive in long term

Posted on October 27, 2020 at 2:23 pm GMT

Amazon stock continues to move inside the Ichimoku cloud, remaining in a bullish tendency over the past seven months, stretching its upward pattern. According to the MACD, positive momentum is fading as it is moving lower in the short-term. The RSI is approaching the neutral threshold of 50, suggesting some gains again. In the positive scenario, where the price continues to expand above today’s high, a new top could be formed around 3,544.67, where the multi-month high is located. If the market [..]

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Apple’s earnings: Much is at stake – Stock Market News

Posted on October 26, 2020 at 4:03 pm GMT

The world’s most valuable company will release its quarterly results after the market closes on Thursday. The stakes are high as Apple’s shares have risen by 57% this year even as earnings fell, so a lot of optimism about the future has been baked in. Amazon, Facebook, and Google will also report on the same day, and given how much weight all these tech giants have in indices like the S&P 500, their results could rock the whole market, not [..]

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Technical Analysis – Facebook stock extends recovery above SMAs

Posted on October 26, 2020 at 2:17 pm GMT

Facebook’s stock price is climbing again above the crucial 280.16 barrier and its simple moving averages (SMAs) after a bearish movement towards 243.57. Currently, the price is trying to pare some losses and shift the short-term bias back to positive. The MACD oscillator is extending its upside movement above its trigger and zero lines, while the RSI is strengthening its momentum above its neutral threshold of 50. In the event the recovery continues, resistance could initially emerge near the all-time high of 304.55 before the market challenges new paths [..]

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Amazon.com to report bumper Q3 sales, even better guidance – Stock Market News

Posted on October 23, 2020 at 12:15 pm GMT

Amazon.com is set to unveil its third quarter earnings after the market close on October 29 – one of several tech titans reporting their results that day. After a spectacular earnings beat in the second quarter, the online retail behemoth could be about to treat investors with another strong set of results as the ongoing pandemic has largely kept people away from high streets and malls even as most stores have reopened. Boost from online shift The spring lockdowns around [..]

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Microsoft’s earnings: A happy start to the new fiscal year – Stock Market News

Posted on October 23, 2020 at 9:32 am GMT

The tech giant Microsoft is scheduled to report its first quarter, fiscal 2021 year financial results on Tuesday after the market close. Analysts expect another upbeat release as the global need for digital connection, which further widened due to the pandemic, has powered the company’s vision. The consensus recommendation tracked by Refinitiv is to buy the stock, while analysts have also been raising the mean target price for the stock since July, reflecting growing optimism in the market.  The cloud dream is coming true  Back in [..]

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Technical Analysis – GER 30 index recovers a little; negative risks remain

Posted on October 22, 2020 at 3:06 pm GMT

Germany 30 stock index (Cash) looks to be fading further despite recently finding footing at the 12,339 level. Painting a deteriorating picture are the negatively charged Ichimoku lines, one of which has capped additional progress from the price bounce. Furthermore, the bearish tone of the simple moving averages (SMAs), and specifically the downwards overlap of the 100-period SMA by the 50-period one, may accelerate the decline. The short-term oscillators display the recent price gains but also consider a stall in [..]

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Technical Analysis – GER 30 index recovers a little; negative risks remain

Posted on October 22, 2020 at 2:38 pm GMT

GER 30 stock index (Cash) looks to be fading further despite recently finding footing at the 12,339 level. Painting a deteriorating picture are the negatively charged Ichimoku lines, one of which has capped additional progress from the price bounce. Furthermore, the bearish tone of the simple moving averages (SMAs), and specifically the downwards overlap of the 100-period SMA by the 50-period one, may accelerate the decline. The short-term oscillators display the recent price gains but also consider a stall in [..]

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Technical Analysis – Tesla stock loses steam in short term; strongly bullish in long term

Posted on October 21, 2020 at 8:15 am GMT

Tesla stock price has declined after touching the 466.12 resistance level, edging towards the 50-day simple moving average (SMA), failing to improve the bullish picture in the long term. The stochastic oscillator entered the oversold zone, while the RSI indicator is sloping south, meeting the neutral threshold of 50. The next immediate support is coming from the 23.6% Fibonacci retracement level of the upward wave from 69.52 to 502.55 at 398.64, which is also within the Ichimoku cloud. Beneath this [..]

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Notes to keep ahead of Netflix’s earnings release – Stock Market News

Posted on October 20, 2020 at 3:18 pm GMT

Netflix is releasing its third-quarter earnings after the stock market close on Tuesday. The famous streamer got a boon from the coronavirus situation, with its shares topping at a fresh record high in July, but as we head towards the end of 2020 and competition increases, investors would like to learn if the company can maintain its outstanding performance in the coming quarters. The consensus recommendation tracked by Refinitiv is “buy” the stock. EPS to hit a record high  Netflix’s [..]

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Tesla earnings: A case of asymmetric risks – Stock Market News

Posted on October 19, 2020 at 2:51 pm GMT

The world’s largest carmaker by market capitalization will report its quarterly results on Wednesday, after Wall Street’s closing bell. The company’s shares have risen by a meteoric 430% this year alone, so the stakes are high. Overall, the stock has been priced for perfection, with the current valuation implying stellar growth over the next decade. This leaves little room for substantial upside from here, but plenty of downside in case anything challenges this rosy narrative. On a rampage How quickly [..]

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