Stock Market News

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Technical Analysis – Tesla stock maintains positive picture; rally takes a breather

Posted on November 21, 2019 at 12:01 pm GMT

Tesla sellers are currently attempting to halt further gains past the 360 hurdle. The stock gapped above the 200-day simple moving average (SMA) and the 266 swing high of July 24, overstretching the price, resulting in nearly all the declines from December 2018 to June 2019 being recouped. The short-term oscillators presently continue to reflect an improving picture but warn that the sentiment could shift to the downside. The MACD remains deep in the positive region but has marginally slipped [..]

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Technical Analysis – Twitter stock aggressively drops past 200-day MA

Posted on November 18, 2019 at 5:04 pm GMT

Twitter stock lost significant ground, gapping below the 200-day simple moving average (SMA) on October 24. The stock is holding its bearish demeanor as the 50-day SMA nears a bearish cross of the 200-day SMA, which would further back the negative picture. The ADX also confirms that a strong negative trend is in place. However, the short-term oscillators reflect some weakness in negative momentum and may warn of an approaching pullback. The MACD, is still deep in the negative zone [..]

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Technical Analysis – US500 Index plots new high, flirts with 138.2% Fibonacci extension

Posted on November 18, 2019 at 2:41 pm GMT

US 500 stock index continues to gain ground after the push up on October 3, showing no definitive signs of retreating as it clocks yet another fresh all-time high of 3,128.12. The price has distanced itself above the Ichimoku cloud, as has the Tenkan-sen done above the Kijun-sen line, backing the positive picture. Furthermore, the ADX also implies a strong uptrend is in place. The short-term oscillators reflect some easing in positive momentum and could warrant a nearing pullback. The [..]

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Technical Analysis – Disney stock cautiously positive; rallies to new all-time high

Posted on November 15, 2019 at 2:08 pm GMT

Disney stock’s recent jump to a fresh all-time high looks to be in line with the bigger bullish picture, however, the move may be running out of steam, as reflected in the Stochastics and the RSI, which have entered the overbought zone and now are starting to turn down. Despite this, the MACD is distancing itself above its red trigger line, moving deeper in the positive zone. Further backing the positive outlook, is the completed bullish crossover of the 20- [..]

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Technical Analysis – Apple stock nonstop rally shows no sign of fading

Posted on November 15, 2019 at 1:45 pm GMT

Apple’s nonstop rally has yet to show signs of fading ahead of Black Friday sales. The market has been continuously printing new all-time highs since the close above 230.00, hitting a fresh top at 264.68 on Wednesday. Although the RSI looks to be changing direction to the downside in the overbought area and the MACD seems to be losing steam towards its red signal line, both indicators are still well into the positive territory. Trend signals also remain bright as [..]

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Technical Analysis – US30 stock index remains positive, ascent eases from all-time high

Posted on November 11, 2019 at 4:55 pm GMT

US30 stock index seems to be taking a breather as it corrected lower from the all-time high of 27,773 and looks to be heading towards the 50-period simple moving average (SMA), which is located currently at the recent swing low of 27,406. The short-term oscillators reflect weakening in the positive momentum and even possibly a shift into a sideways market. The MACD remains in the positive zone but has moved below its red trigger line. The RSI has reached its [..]

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Disney earnings in focus ahead of streaming service launch – Stock Market News

Posted on November 6, 2019 at 1:31 pm GMT

The Walt Disney Company will report its earnings results for the fourth quarter on Thursday after the close of trading. However, with the launch of its Disney+ streaming service just days away, all eyes will be on the Company’s guidance on future earnings amid concerns about the oversized budget for the new shows on the platform and a number of big acquisitions recently. Revenue forecast to rise but EPS to fall Disney is forecast to post revenue of $19.08 billion [..]

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Technical Analysis – GER30 index bullish bias back on track

Posted on November 4, 2019 at 1:36 pm GMT

GER30 stock index bulls pushed above the 12,985 previous high from October 28, realigning the index with the short-term positive picture. Further backing the positive momentum is the fresh bullish crossover of the upward sloping Tenkan-sen and Kijun-sen lines and the price distancing itself above the Ichimoku cloud. The MACD, still in the positive zone, is increasing above its red trigger line, supporting the positive view. The upward sloping RSI has ascended into the overbought territory, also supporting further advances. [..]

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Technical Analysis – Apple stock ascends to new all-time high

Posted on October 30, 2019 at 4:05 pm GMT

Apple stock’s recent climb from 192.45, which commenced on August 5, pushed the stock to a new all-time high of 249.38, where the bears emerged to cap further gains. Sellers’ efforts to return the price back down may be in vain though, as the positive picture looks to endure. This is backed by the upward slopes of all the simple moving averages (SMAs). The short-term oscillators reflect a stall in momentum despite sustaining a positive view. The RSI fell out [..]

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Facebook to show higher revenues in Q3 despite legal backlash – Stock Market News

Posted on October 30, 2019 at 11:24 am GMT

Facebook Inc. is in a tough battle with regulatory authorities and central banks around the world like no other company as its large size and its recent malpractices in data protection stand as a barrier in developing new products. Despite that, the social giant which releases financial results for the third quarter after the market close on Wednesday is expected to prove its resilience once again as its stock does on Wall Street. Legal troubles challenge future projects Having paid a $5 billion settlement with the Federal Trade Commission following [..]

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