Stock Market News

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Technical Analysis – US 500 index preserves positive objectives

Posted on August 10, 2020 at 9:33 am GMT

US 500 stock index (Cash) seems to be aiming its course towards unfamiliar territory above the all-time high of 3,396.64. The price has been steadily heading higher after finding traction again at the 100-period simple moving average (SMA) and the Ichimoku cloud in previous sessions. Aiding this progression from the 2,995 level are the advancing Ichimoku lines and the positive bearing in the SMAs. That said, the index’s positive momentum has weakened slightly as suggested in the short-term oscillators. The [..]

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Technical Analysis – US 30 index stalls positive push above 200-SMA

Posted on August 7, 2020 at 12:45 pm GMT

US 30 stock index (Cash) recently thrusted above the 26,880 level, that being the 76.4% Fibonacci retracement of the down leg from 29,582 to 18,170, after finding some traction from the 200-day SMA at 26,295. The index’s positive momentum has slowed slightly as reflected in the short-term oscillators. The MACD, holding relatively steady in the positive region, has barely moved above its red trigger line, while the RSI has reversed ahead of the 70 mark. Furthermore, the Stochastics are located [..]

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Technical Analysis – US 500 index struggles to maintain positive picture around 5-month high

Posted on August 3, 2020 at 12:23 pm GMT

US 500 index (Cash) is encountering strong resistance around the recent five-month high of 3,292.24. The price appears to have somewhat stalled for now, something also suggested by the flattened Ichimoku lines. The short-term oscillators further reflect the pause in positive momentum. The MACD, in the positive region, continues to float just below its horizontal red trigger line while the RSI is holding in bullish territory. Additionally, the stochastic lines are rising in overbought territory, the RSI is pointing slightly [..]

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Amazon.com may have had another great quarter in Q2 – Stock Market News

Posted on July 30, 2020 at 4:23 pm GMT

Every company wishes for a blessing like Amazon.com received from the Covid-19 crisis, and the second quarter earnings results due on Thursday after the market close could further justify this view. The e-commerce giant is expected to show stronger financial results, with analysts maintaining their “buy” recommendation and raising the median share price target to $3,300. Amazon could benefit during unusual times The virus crisis changed people’s habits in ways that no one could do in a short period of time. Usually, under normal conditions, companies observe consumers’ [..]

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Technical Analysis – Alphabet (Google) stock endorses positive picture beneath multi-year peak

Posted on July 30, 2020 at 1:35 pm GMT

Alphabet’s (Google) stock price has reversed from the multi-year high of 1,579.30, finding strong support at the 1,483 level where the Ichimoku cloud is currently holding. Positive sentiment appears to be reviving after the bounce on the supportive trend line pulled from the March 23 low of 1,009. Further backing this short-term view are the upward slopes of the 50- and 100-day simple moving averages (SMAs). The RSI, in the positive area, is pointing north above the neutral threshold of 50, while the stochastic [..]

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Google’s Alphabet likely to take pandemic hit to ad revenue as stock lags tech sector – Stock Market News

Posted on July 29, 2020 at 5:06 pm GMT

Google parent, Alphabet Inc., is expected to announce a drop in second quarter revenue when it publishes its earnings results on Thursday after the market close. The slump in online advertising brought on by the coronavirus pandemic probably dealt a blow to Alphabet’s largest revenue stream in Q2. But with the Company continuing its efforts to diversify its business, an earnings beat is possible, potentially boosting the stock, which has lagged its peers in the tech rally. Alphabet trails other [..]

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Facebook features Q2 earnings, a court case, and Ad boycott – Stock Market News

Posted on July 29, 2020 at 2:07 pm GMT

Facebook Inc. rescheduled its Q2 earnings release and conference call for Thursday after the market close, joining other high-profile tech companies which will be reporting financial results on the same day. The event will follow Zuckerberg’s testimony before the House Judiciary Committee on Wednesday and is expected to reveal a weaker quarter for the social media giant. Despite that and the advertising boycott news, recommendations by Refinitiv analysts is to “buy” the stock. Q2 earnings could slow at a softer pace Facebook came up with [..]

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Apple’s earnings: Moment of truth – Stock Market News

Posted on July 28, 2020 at 1:28 pm GMT

The world’s largest company by market cap will release its latest results on Thursday after Wall Street’s closing bell. The stakes couldn’t be higher as Apple’s shares have risen almost 30% this year despite falling earnings, so a lot of ‘hope’ is already priced in. Has the stock run too far ahead of fundamentals and is a reality check in order? Beyond its own shares, Apple’s results – and those of Amazon, Facebook, and Google on the same day – [..]

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Technical Analysis – Facebook stock fails to improve positive picture

Posted on July 28, 2020 at 1:11 pm GMT

Facebook’s stock price retreated beneath the all-time high of 249.60, trading around the 50-day simple moving average (SMA). The upside picture faded in the very short term as the MACD oscillator dropped beneath its trigger line near the zero level, while the RSI is holding in the negative territory, suggesting some losses may be on cards. If the stock price successfully surpasses the 50-day SMA, immediate resistance is coming from the red Tenkan-sen line at 236.85 before pausing its move at 249.60. [..]

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Technical Analysis – Tesla stock erases some gains after sharp buying interest

Posted on July 22, 2020 at 11:37 am GMT

Tesla’s stock price has been in a slightly recovery mode after the skyrocketing to a record high of 1785.43 on July 13. The price remains above the 23.6% Fibonacci retracement level of up leg from 350 to 1785.43 at 1446, however, the RSI looks overbought as it turns lower above the 70 level. Also, the MACD oscillator is weakening its momentum, though it holds above its trigger and zero lines. In case of steeper declines immediate support is coming from [..]

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