Stock Market News

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Technical Analysis – Boeing stock rebounds near one-year low but bullish signals still missing

Posted on January 27, 2020 at 3:41 pm GMT

While other US stocks keep enjoying record highs, Boeing remains on the sidelines since the sharp sell-off from the 445.08 peak on March 2019. The bears have recently tried to touch the 2018 trough of 292.13 without success, with the price rebounding just a shy of the 300.00 level instead. In the coming sessions the stock could follow a sideways move if the RSI keeps moving towards its 50 neutral mark and the MACD continues to improve towards its red signal line. [..]

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Tesla earnings: Can the insane rally continue? – Stock Market News

Posted on January 27, 2020 at 2:17 pm GMT

The iconic electric car maker will release its fourth-quarter earnings results on Wednesday, after Wall Street’s closing bell. Tesla’s stock price skyrocketed in recent months, with the rally being exponential in nature, as investors took heart from signs that profitability was improving drastically. While the firm’s future seems very bright, its stock might have run too far too fast, suggesting that the risk of a corrective pullback seems elevated.  Pulling ahead After spending several years as one of Wall Street’s [..]

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Technical Analysis – Visa stock adopts bearish behavior but trend reversal not on the cards yet

Posted on January 27, 2020 at 1:57 pm GMT

Visa’ stock topped its rally at an all-time high of 210.03 last Thursday before retreating slightly. Even though the market seems to have printed a bearish shooting star candle in the aforementioned day, there are no serious concerns of a trend reversal yet as long as the price trades above its previous high of 186.63. However, in the short-term, downside corrections or at least some consolidation is possible given the stabilizing MACD and the weakness in the RSI, which is [..]

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Things to watch in Apple’s earnings call – Stock Market News

Posted on January 27, 2020 at 11:22 am GMT

After Wall Street closes on Tuesday, Apple Inc. is scheduled to deliver financial earnings for the first quarter of its new fiscal year started in October. The news is expected to be great as revenues and earnings per share will likely be the highest ever, with the consensus recommendation being a buy. What drove Apple to record highs? Are you wondering why Apple’s stock is continuously hitting record highs over the past three months? Well, there are both internal and external reasons. [..]

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Technical Analysis – Apple stock extremely positive; indicators weaken

Posted on January 24, 2020 at 9:51 am GMT

Apple stock price is completing the fifth consecutive green month, trading near the record high of 319.85.  Practically everything paints a bullish picture as the price is holding well above the simple moving averages (SMAs) and the long-term ascending trend lines. The only warning signal comes from the MACD, which seems to have topped deep within the positive territory and has slipped beneath its red trigger line. The stochastic is also extremely high but is returning lower as it posted [..]

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Technical Analysis – US 30 Index consolidates; remains cautiously positive

Posted on January 22, 2020 at 2:33 pm GMT

The Wall Street 30 stock index’s (cash) positive directional momentum appears to have weakened as it has eased slightly from the new all-time-high of 29,401. The index looks to be a bit flat – something also backed by the Ichimoku lines. Moreover, the short-term oscillators reflect a stall in the positive move, with the MACD declining below its red trigger line in the positive zone, and the RSI falling in bullish territory below its latest trendline. That said, the upward [..]

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Technical Analysis – UK 100 stock index retreats below MAs; losses halted by Ichimoku cloud

Posted on January 21, 2020 at 2:53 pm GMT

UK 100 Stock Index (cash) retraced from the five-month high of 7,689 below the simple moving averages (SMAs) on the four-hour chart but further losses were restricted by the Ichimoku cloud’s lower boundary at 7,557. The short-term oscillators reflect mixed signals in momentum. The MACD sponsors negative momentum as it is below its red trigger line and has just slipped below the zero mark, whereas, the RSI is rising after reversing ahead of the 30 oversold level, promoting a pickup [..]

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Netflix earnings: Let the streaming wars begin – Stock Market News

Posted on January 20, 2020 at 3:29 pm GMT

The world’s leading streaming giant will announce its latest earnings on Tuesday, after Wall Street’s closing bell. Netflix’s stock massively underperformed its FAANG peers and the broader market last year amid concerns about slowing subscriber growth and competition by new players like Disney and Amazon. Both earnings and revenue are expected to have risen at a solid pace this quarter, though the overall market reaction might depend mostly on the guidance by Netflix executives on the earnings call. Underperforming 2019 [..]

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Technical Analysis – Netflix stock may hold neutral before extending uptrend

Posted on January 20, 2020 at 11:23 am GMT

Netflix saw its stock trending up to a 5-month high of 352.97 in January after bottoming out at 252.13 in late-September. From a technical perspective, the upward direction could strengthen as the 20- and the 200-day simple moving averages (SMAs) have recently registered a bullish cross. Meanwhile in the short-term, the market’s momentum could remain muted as the RSI keeps flattening above its 50 neutral mark and the MACD seems to be softening slightly below its red signal line. A downside reversal [..]

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Technical Analysis – GER 30 Index bulls looking strong ahead of all-time-high

Posted on January 17, 2020 at 10:18 am GMT

Germany 30 Index (Cash) bounced off the 50-period simple moving average (SMA) yesterday, which resulted in a pickup in positive momentum and four successive positive sessions to retest the 23-month high of 13,548. The short-term oscillators suggest that positive directional momentum is strengthening. The MACD, remained above zero, and is increasing over its red trigger line, while the RSI is rising in bullish territory. Moreover, the ADX reflects a strong positive trend in place, also aided by the uptrend line [..]

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