Stock Market News

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Technical Analysis – EU Stocks 50 Index hits 4½-year high but momentum is waning

Posted on December 19, 2019 at 3:38 pm GMT

EU Stocks 50 Cash Index (EU50) hit a fresh 4½-year high of 3777.61 earlier this week, extending the recovery from last December’s 2-year trough of 2907.25. However, the positive momentum has since started to ease and technical indicators support the retreat in price action. The stochastics have fallen off overbought levels and the RSI is also sloping downwards. However, both remain in bullish territory, so a resumption of the uptrend is likely as long as the downside correction is brief. [..]

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Technical Analysis – US 30 index retracts from all-time-peak as momentum fades

Posted on December 17, 2019 at 2:20 pm GMT

US 30 stock index’s appreciation appears to have paused after it withdrew from the recently logged all-time-high of 28,336. Although positive momentum seems to have weakened, the bigger positive picture continues to be assisted by the upward slopes in the simple moving averages (SMAs) and the bullish crossover of the 100-period SMA by the 50-period one. The short-term oscillators reflect a stall in the market yet lean towards a positive outlook. The MACD deep in the positive region, has slipped [..]

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Technical Analysis – US 100 index’s positive sentiment intact despite stalling

Posted on December 12, 2019 at 2:57 pm GMT

The US 100 stock index looks to have stalled after logging a fresh all-time high of 8,452.95, something also backed by the flat Tenkan-sen and Kijun-sen lines. That said, the price is trading above the Ichimoku cloud and the supportive trendline, suggesting that the positive outlook could endure. The short-term oscillators reflect the stall in momentum but lean towards the positive picture. The RSI is hovering in bullish territory, while the MACD – in the positive zone – looks to [..]

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Technical Analysis – Apple stock reaches new milestone in unrelenting uptrend

Posted on December 9, 2019 at 3:56 pm GMT

Apple’s stock price soared to 270.9 last week, marking a new record high and reinforcing the long term uptrend in the market. Almost everything is painting a positive picture, with price action consisting of higher peaks and higher troughs, safely above the 50- and 200-day simple moving averages (SMAs), and also above a longer term upside support line drawn from the June low. The only naysayer in all this is the RSI, which met resistance near its 70 line and [..]

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Technical Analysis – US 500 index stumbles, but positive outlook intact for now

Posted on December 4, 2019 at 10:03 am GMT

The US 500 index fell this week, after briefly touching a new all-time high of 3158. The picture is still positive, with the price structure consisting of higher peaks and higher troughs above a long term uptrend line drawn from the December 2018 low, and also safely above both the 50- and 200-day simple moving averages (SMAs). That said, a potential close below 3090 would mark a lower low on the daily chart, bringing the bullish outlook into question. Short [..]

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Technical Analysis – Amazon stock buyers in control, attempting to conquer the 1815 level

Posted on November 28, 2019 at 4:13 pm GMT

Amazon stock is currently trying to overcome the cojoined 100- and 200-period simple moving averages (SMAs) residing around the 1815 level, which also happens to be the 38.2% Fibonacci retracement of the down leg from 2034 to 1680. The stock has been gradually ascending from the low of 1680 and its recent up move is also backed by the technical indicators, which reflect improving sentiment. The MACD has risen above its red trigger line and into the positive region, while [..]

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Technical Analysis – US 30 index hits fresh record high, but stalls

Posted on November 27, 2019 at 4:17 pm GMT

The US 30 stock index has repeatedly closed at new record highs in November, with the series of higher peaks and higher troughs on the daily chart confirming the resumption of the longer-term uptrend. The picture is positive across all timeframes –  short, medium, and long-term – though the RSI is indicating that the latest pullback may continue in the immediate term. Having touched its 70 line, the RSI has turned lower, a sign that the bulls may be losing [..]

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Technical Analysis – Netflix stock’s bullish bias improves, reeling in the 200-day MA

Posted on November 22, 2019 at 1:59 pm GMT

Netflix stock is overtaking the 308.30 swing high level, which is a pullback level where sellers previously took full control. The push up backs the rebound off the nine-month low of 252.13, reaffirming the bullish bias. Further supporting this view is the upwards slopes in the 20- and 40-day simple moving averages (SMAs) and the bullish crossover between the two. The short-term oscillators reflect strengthening positive momentum. The MACD, in the positive zone, is rising above its red trigger line, [..]

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Technical Analysis – Tesla stock maintains positive picture; rally takes a breather

Posted on November 21, 2019 at 12:01 pm GMT

Tesla sellers are currently attempting to halt further gains past the 360 hurdle. The stock gapped above the 200-day simple moving average (SMA) and the 266 swing high of July 24, overstretching the price, resulting in nearly all the declines from December 2018 to June 2019 being recouped. The short-term oscillators presently continue to reflect an improving picture but warn that the sentiment could shift to the downside. The MACD remains deep in the positive region but has marginally slipped [..]

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Technical Analysis – Twitter stock aggressively drops past 200-day MA

Posted on November 18, 2019 at 5:04 pm GMT

Twitter stock lost significant ground, gapping below the 200-day simple moving average (SMA) on October 24. The stock is holding its bearish demeanor as the 50-day SMA nears a bearish cross of the 200-day SMA, which would further back the negative picture. The ADX also confirms that a strong negative trend is in place. However, the short-term oscillators reflect some weakness in negative momentum and may warn of an approaching pullback. The MACD, is still deep in the negative zone [..]

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