Stock Market News

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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 1:30 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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Technical Analysis – UK100 stock index soars above 200-SMA; gains halted at 76.4% Fibonacci

Posted on October 24, 2019 at 3:13 pm GMT

UK100 stock index rallied above the 200-period simple moving average (SMA) on the four-hour chart and up to 7,337, reinforcing the 3-week positive picture and confirming the bounce off the 7,000 level on October 3. The MACD is rising above its red trigger line in the positive zone, favoring more improvements. Despite the pause in the market, a bullish crossover of the 100-period SMA by the 50-period has occurred, while the Tenkan-sen line has distanced itself above the Kijun-sen line, [..]

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Technical Analysis – Twitter stock turns bearish below 100-day SMA and uptrend line

Posted on October 24, 2019 at 12:03 pm GMT

Twitter stock price penetrated below the 100-day simple moving average (SMA) and the uptrend line pulled from December 24, indicating that the nine-month up wave, may have come to an end. The push further down is currently restricted by the 38.53 support, which is the 61.8% Fibonacci retracement of the up leg from 34.00 to 45.81. Whilst the 100- and 200-day SMAs retain their upwards slope, the 20- and 40-day SMAs have turned downwards, aiding further losses, with the 20-day [..]

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Technical Analysis – Boeing stock flirts with 23.6% Fibonacci after rebounding near lows

Posted on October 23, 2019 at 3:27 pm GMT

Boeing stock buyers reversed the price back up to 349, which is the 23.6% Fibonacci retracement of the down leg from 445.08 to 319.34 to limit further losses. The MACD and the 20-day simple moving average (SMA) are skewed towards a short-term bearish picture. Yet, the RSI and the stochastics reflect strengthening positive momentum, with the RSI rising out of the oversold zone, while the %K has moved above 20 by completing a bullish cross of its red %D line. If [..]

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Tesla reports Q3 earnings today but nothing encouraging expected – Stock Market News

Posted on October 23, 2019 at 2:58 pm GMT

The electric car maker Tesla is scheduled to report earnings for the third quarter today after the market close, with forecasts pointing to another weak period. Recommendations are leaning towards selling the stock. Cost efficiency is the goal Tesla announced a smaller increase in car deliveries for the third quarter than markets anticipated at the start of October and although this was also below the 100,000 quarterly target set by the ambitious CEO Elon Musk, the company managed to achieve a new [..]

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