Indices

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Technical Analysis – US 100 index targets 9,155 peak as bulls strengthen

Posted on May 7, 2020 at 10:38 am GMT

The US 100 stock index (cash) is recording its fourth consecutive green day thanks to the 20-day simple moving average (SMA), which managed to terminate the latest selling action. Clearing April’s high of 9,155 and further extending the uptrend is now the target as the upward-sloping RSI is currently suggesting. If that is the case, resistance could possibly run up to 9,300 and if buyers persist above that mark, the market could re-test the 9,460 barrier ahead of the 9,750 all-time high. [..]

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Technical Analysis – GER 30 Cash index retains upside trend; SMAs act as strong resistance

Posted on May 5, 2020 at 1:37 pm GMT

The GER 30 index (Cash) has been making higher highs and higher lows since the mid of March when it touched the new trough of 7,950, pausing the previous downtrend in the short-term. The technical indicators continue to send weak positive signals, suggesting either a pause in the continuation of the bullish bias may be turning close to an end. The RSI is pointing up approaching the 50 level, while the MACD is hovering near the zero line, but it remains below this significant level. [..]

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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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Technical Analysis – US 30 stock index may have more bullish fuel in store

Posted on April 30, 2020 at 2:04 pm GMT

The US 30 stock index (cash) closed positive above the Ichimoku cloud on Wednesday, increasing speculation that the short-term uptrend could further strengthen. A bullish cross of the 20-day simple moving average (SMA) with the 50-day SMA may add to the sentiment if it is finally completed. The fact that the price has yet to touch the upper Bollinger band at a time the MACD keeps rising above its zero and signal lines is also hinting that the next move [..]

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

Posted on April 28, 2020 at 6:54 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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Technical Analysis – JP 225 index unable to decisively close above 50.0% Fibonacci

Posted on April 24, 2020 at 11:54 am GMT

JP 225 stock index (Cash) appears mostly flat in the very near-term as it edges sideways into the Ichimoku cloud, capped by the 50-day simple moving average (SMA) residing at the 19,779 border, that being the 50.0% Fibonacci retracement of the down leg from 24,162 to 15,384. Extra neutral signals are reflected in the flattened Ichimoku lines, despite their bullish tone. The short-term oscillators further exhibit a picture of evaporated directional momentum. The MACD is above its red trigger line [..]

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Technical Analysis – US 30 index stands below 50.0% Fibo; bullish correction in progress

Posted on April 24, 2020 at 10:50 am GMT

The US 30 stock index (cash) found strong resistance at the 24,443 level and the 50-day simple moving average (SMA), returning back below the 50.0% Fibonacci retracement level of the downward wave from 29,582.61 to 18,145 at 23,866. Technically, the RSI indicator, holding in positive territory, is moving sideways with weak momentum, while the MACD is standing above the trigger and zero lines but is failing to suggest any directional movement. Further declines may meet support around the 38.2% Fibonacci [..]

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Technical Analysis – US dollar index ticks up; bullish in medium term

Posted on April 23, 2020 at 9:48 am GMT

The US dollar index continues to rise above the short-term simple moving averages (SMAs) following the bounce off the 98.30 support level. According to the MACD, positive momentum could push for further gains in the near-term as the indicator picks up steam above its trigger line. The RSI is also marginally advancing above the neutral threshold of 50. In the positive scenario, where the price continues to expand, a new top could be formed around the 101.00 barrier, where the upper [..]

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Technical Analysis – US 500 index could confirm bullish bias above cloud

Posted on April 20, 2020 at 1:35 pm GMT

The US 500 stock index attempted to climb above the 50-day simple moving average (SMA) last week before the 2,893 barrier pushed it slightly back below the line. While the RSI is reversing lower, the MACD and the red Tenkan-sen line have yet to show any sign of weakness, hinting that upside corrections are still possible. Still, to confirm a sustainable upside move the bulls need to return above the 50-day SMA and more importantly run above the 2,893 peak [..]

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