Stock Market News

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Technical Analysis – Microsoft consolidates at all-time highs; sellers grab the reins to rally down

Posted on July 17, 2019 at 5:22 am GMT

Microsoft stock has been in a seven-month ascending channel since December but last week ran into a wall near the previous all-time high of 138.34 set two weeks ago. Sellers have picked themselves up and today started to push down. Although the bullish bias from the 21-, 50- and 100-day simple moving averages (SMAs) is apparent, the MACD seems to suggest a negative divergence causing a fall in momentum as the MACD and trigger line flatten out in the positive [..]

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Microsoft hovers near all-time highs ahead of earnings – Stock Market News

Posted on July 16, 2019 at 3:23 pm GMT

The world’s largest company by market capitalization will report its quarterly earnings on Thursday, after Wall Street’s closing bell. Forecasts point to another solid quarter, with investors likely to focus mainly on key business segments like cloud computing. Overall, the company’s stock is on a tear, having gained more than 36% this year – though valuation is becoming a concern. The consensus The Washington-based tech giant is expected to report earnings per share (EPS) of $1.21 when it announces its [..]

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Technical Analysis – Morgan Stanley stock moves above 200-day simple moving average

Posted on July 16, 2019 at 9:30 am GMT

Morgan Stanleys’ stock has been incrementally following the north road since the end of December, and in the last month has risen from a three-month low of 40.40 to face the ultimate battle with the 200-day simple moving average (SMA). Presently, it is facing short-term resistance at the previous weeks’ break high above the 200-day hurdle of 45.00. Momentum cooled after the 200-day break, as also shown by the RSI as it points down in the positive area, whereas the [..]

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Technical Analysis – Goldman Sachs stock violates range area to the upside

Posted on July 15, 2019 at 2:18 pm GMT

Goldman Sachs stock had been consolidating since January but in the previous week, the price successfully surpassed the 210 resistance and the 50.0% Fibonacci retracement level of the downleg from 275 to 151.50 near 213.23, violating the range area to the upside. The sideway move held within 180.60 and 210 levels. The MACD is picking up speed in positive territory, suggesting a bullish bias for the short term. However, in the very short-term, downside corrections cannot be ruled out as the RSI is currently increasing positive [..]

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Technical Analysis – Google stock finds support at 40-day SMA; breaks above 38.2% Fibo

Posted on July 11, 2019 at 1:12 pm GMT

Google stock price is creating a short-term upside rally over the last month, after the rebound on the five-month low of 1024. The price tested and broke the 38.2% Fibonacci of the down move from the all-time high of 1288.47 to low 1024, of 1124.50. A pullback in the up move found support on the culminating simple moving averages (SMAs) of 14-, 21- and 40-days on July 9. The short-term 14- and 21-SMAs confirm a positive momentum, as well as [..]

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Technical Analysis – Netflix stock tests 7-month high; narrow range in medium term

Posted on July 11, 2019 at 9:44 am GMT

Netflix stock experienced a short-term upside rally from the bottom boundary of the trading range for the last month, that began at the end of April, to the upper boundary of a seven-month high of 386. The stock has temporarily faltered near the resistance, waiting for the buyers’ and sellers to set the direction.  Although in a sideways move, the short- and medium-term simple moving averages (SMAs) of 14-, 21- and 40-day SMAs, confirm a positive momentum on price action [..]

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Technical Analysis – Amazon accelerates bullish rally to test all-time highs

Posted on July 10, 2019 at 2:45 pm GMT

Amazon stock has been experiencing a one-month bullish rally from a pullback move at the beginning of May to a low of 1670, and today broke aggressively above the seven-month high of 1964. With the help of short- and medium-term simple moving averages (SMAs) of 14 -, 21- and 40-day SMAs respectively, bullish crosses are in place confirming the momentum and positive trend which is in progress towards the highs. The MACD and the RSI are also supporting the bullish [..]

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Technical Analysis – Google stock unable to break above 38.2% Fibo and 200-SMA

Posted on July 4, 2019 at 1:35 pm GMT

Google stock price has found a strong resistance level around the 38.2% Fibonacci retracement level of the downleg from 1,288.47 to 1,023.50 near 1,125 as it tries to extend its gains after the rebound on 1,023.50. Momentum indicators now suggest that the market sentiment might increase even higher as the stochastic lies in overbought area and the MACD is rising above its trigger line. If the market turns to the upside again and surpasses the 50-simple moving average (SMA) it could revisit the 1,147 resistance level before touching the 50.0% Fibonacci of [..]

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Technical Analysis – Facebook stock stops near 9-month high; positive risks not faded yet

Posted on July 2, 2019 at 1:39 pm GMT

Facebook stock price advanced to a fresh one-month high of 195.00 yesterday before ending the day in the red. Momentum indicators signal are neutral to bullish with the RSI flattening in the positive territory and the MACD stretching to the upside above trigger and zero lines. However, the red Tenkan-sen line, which is above the blue kijun-sen line, looks to be heading north. Also, the price successfully overcame the Ichimoku cloud, suggesting that more gains would follow. An advance could stop at the nine-month high of 197.18 while [..]

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Technical Analysis – Intel stock retreats after hitting 50-day SMA

Posted on June 28, 2019 at 11:47 am GMT

Intel’s stock is moving lower after finding significant resistance at the 50-day simple moving average (SMA). However, price action since late May consists of higher lows, the short-term picture seems to have shifted to cautiously positive. Thursday’s downward tendency is supported by short-term momentum oscillators as well, with the RSI being in positive territory and pointing down, while the MACD holds above its red trigger and zero lines with weak momentum. If the bears stay in control, immediate support to declines [..]

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