Stock Market News


Technical Analysis – Netflix stock may hold neutral before extending uptrend

Posted on January 20, 2020 at 11:23 am GMT

Netflix saw its stock trending up to a 5-month high of 352.97 in January after bottoming out at 252.13 in late-September. From a technical perspective, the upward direction could strengthen as the 20- and the 200-day simple moving averages (SMAs) have recently registered a bullish cross. Meanwhile in the short-term, the market’s momentum could remain muted as the RSI keeps flattening above its 50 neutral mark and the MACD seems to be softening slightly below its red signal line. A downside reversal [..]


Technical Analysis – GER 30 Index bulls looking strong ahead of all-time-high

Posted on January 17, 2020 at 10:18 am GMT

Germany 30 Index (Cash) bounced off the 50-period simple moving average (SMA) yesterday, which resulted in a pickup in positive momentum and four successive positive sessions to retest the 23-month high of 13,548. The short-term oscillators suggest that positive directional momentum is strengthening. The MACD, remained above zero, and is increasing over its red trigger line, while the RSI is rising in bullish territory. Moreover, the ADX reflects a strong positive trend in place, also aided by the uptrend line [..]


Will US stocks rock the boat in 2020? – Special Report

Posted on January 16, 2020 at 1:43 pm GMT

US stocks had a spectacular rally in 2019 with little volatility despite trade tensions, monetary easing and geopolitical conflicts, with the S&P 500 stock index adding a whopping 27% to its value during the year to trade at fresh uncharted waters. As the overstretched increase and the unstoppable print of record highs raise concerns that a cliff edge may be around the corner, there are reasons to believe that 2020 may be another decent year or at least not a [..]


Technical Analysis – Japan 225 index stalls ahead of 14-month peak of 24,162

Posted on January 16, 2020 at 11:40 am GMT

Japan 225 stock index (cash) has run out of fuel in its second attempt to overtake the 24,162 level. The recent stall in the up move can also be seen in the flattening of the Bollinger bands and the RSI, which is in the bullish territory. The short-term oscillators reflect mixed signals of momentum while the simple moving averages (SMAs) lean towards an improving picture. The MACD is rising above its red trigger line in the positive zone, while the [..]


Technical Analysis – Alcoa stock exits from ascending triangle; lacks direction

Posted on January 14, 2020 at 1:15 pm GMT

Alcoa stock is heading lower and seems to be exiting the squeezed Bollinger band channel and the ascending triangle formation, falling below the 19.48 support. The triangle had been holding since July 2017 when it started the sideline move. From a technical viewpoint, the MACD is losing momentum below its red signal line and the RSI is still hovering in the negative territory but is pointing up, suggesting a possible recovery. Should weakness extend below the 19.48 mark again, support to downside movements could initially be [..]


Technical Analysis – JPMorgan stock hovers below record high; bullish in medium-term

Posted on January 13, 2020 at 10:41 am GMT

JPMorgan stock price is slightly lower since the pullback on the record high of 141.00 on January 2. In the very short-term, the market could maintain the downside correction if the RSI keeps sloping down and the MACD continues to lose momentum below its trigger line. Currently, the stock price is hovering within the red Tenkan-sen and the blue Kijun-sen lines. An extension to the downside and below the blue Kijun-sen line could meet the area between the 50-day simple [..]


Technical Analysis – Twitter stock gains ground from 10-Month low

Posted on January 10, 2020 at 1:37 pm GMT

Twitter stock’s recent improving picture looks to be assisted by the fresh bullish crossover of the 50-day simple moving average (SMA) by the 20-day one, as well as the strengthening momentum in technical indicators. The short-term oscillators reflect an improving outlook with the MACD slightly over zero, crossing above its red trigger line, while the RSI is rising in the bullish zone and nears its 70 level. However, the bearish overlap of the 200-day SMA by the 100-day one, and [..]


Technical Analysis – Tesla’s crazy rally nears a make or break point

Posted on January 9, 2020 at 2:38 pm GMT

Tesla’s stock price skyrocketed to a fresh record high of 498.07 on Wednesday, increasing its weekly gains to 15% due to strong vehicle delivery numbers. The RSI, although well into the overbought territory, has yet to show signs of weakness, keeping the short-term bias strongly positive. Yet, with the indicator approaching a former resistance area, some caution should be taken unless the price clears the 500.00 level, shifting the spotlight next to the 520.00 and 540.00 psychological marks. Should the bears retake [..]


Technical Analysis – Tesla stock flies to fresh all-time highs; bullish and overbought

Posted on December 20, 2019 at 11:31 am GMT

Tesla’s stock price skyrocketed past 400.00 to uncharted territory and above the 386.83 ceiling that kept the bulls under control in the 2017-2018 period, sending the fast-RSI well into the overbought territory. The latter increases the odds for a downside correction, though only a decisive close below the previous high of 360.66 would raise concerns about the sustainability of the market’s upward direction. In order to get to 360.66, sellers should breach the December 2018 peak of 380.00. If more [..]


Technical Analysis – EU Stocks 50 Index hits 4½-year high but momentum is waning

Posted on December 19, 2019 at 3:39 pm GMT

EU Stocks 50 Cash Index (EU50) hit a fresh 4½-year high of 3777.61 earlier this week, extending the recovery from last December’s 2-year trough of 2907.25. However, the positive momentum has since started to ease and technical indicators support the retreat in price action. The stochastics have fallen off overbought levels and the RSI is also sloping downwards. However, both remain in bullish territory, so a resumption of the uptrend is likely as long as the downside correction is brief. [..]

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