Stock Market News

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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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Technical Analysis – Apple recovers some ground, but remains neutral

Posted on June 26, 2019 at 1:38 pm GMT

Apple’s stock has recovered somewhat in the past weeks but has failed to record a higher high on the daily chart, which keeps the medium-term picture neutral for now. A break above 215.0 would turn the outlook to cautiously positive, while a move below 170.0 would shift it to tentatively negative. Short-term momentum oscillators aren’t sending any clear signals either, with the RSI pointing down but being near its neutral level, while the MACD is hovering just above its red [..]

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Technical Analysis – Tesla stock rebounds, but remains in a downtrend

Posted on June 26, 2019 at 12:00 pm GMT

Tesla’s stock rebounded in early June after touching a 2½-year low of 175.0, but the market remains below a longer-term downtrend line drawn from the highs of December 2018, keeping the broader outlook negative. The lower highs and lower lows on the daily chart, combined with price action taking place under the 50- and 200-day simple moving averages (SMAs), reinforce this view. Momentum indicators paint a neutral short-term picture, with the RSI barely above 50, and the MACD flirting with [..]

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Technical Analysis – McDonald’s stock extends series of record highs

Posted on June 13, 2019 at 10:02 am GMT

The burger chain saw its stock hitting a new record high of 206.30 on Friday, marking a growth of 17% for the year. The 20-day simple moving average (SMA) helped the bulls to retake control this week, while the positive momentum in the MACD and the RSI suggests the bullish party is not over yet for the stock. The peak at 206.30 could potentially work as nearby resistance should the price continue the rebound. Nevertheless, it would be more fascinating to see a rally towards the upper boundary of the long ascending [..]

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Technical Analysis – Netflix stock finds support at 23.6% Fibonacci and 20-SMA

Posted on June 12, 2019 at 1:21 pm GMT

Netflix stock price posted a significant red day on Tuesday, heading below the short-term moving averages in the daily timeframe, creating a neutral bias. The RSI indicator dropped beneath the 50 level, while the MACD oscillator is weakening below the trigger line over the last month, but it is still developing in the negative territory. In case of more losses, support could come below the 23.6% Fibonacci retracement level of the upleg from 230.60 to 385.73, around 351 at the 322 barrier. A [..]

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Technical Analysis – Facebook stock tumbles near 200-day SMA

Posted on June 4, 2019 at 12:22 pm GMT

Facebook stock price extended its losses over the previous couple of days, finding strong support at the 200-day simple moving average (SMA), marginally above the 38.2% Fibonacci of the wave 218.44 – 123.30 around 160.00. The RSI turned lower after entering oversold territory below 30. At the moment, it continues to head down in support of a negative short-term picture. The bias in the very-short-term also looks bearish as indicated by the MACD which is strengthening its negative momentum below [..]

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Technical Analysis – Microsoft stock slips in narrow range in near term

Posted on May 29, 2019 at 11:30 am GMT

Microsoft price moved lower over the last few sessions, after it hit a new a multi-month high around 130.64, remaining in a short-term narrow range of 122.94 – 130.64. Looking at the momentum indicators, the RSI is flattening around the 50 level, while the stochastic is trying to turn higher in the daily timeframe. A move to the downside could find support at the lower boundary of the range of 122.94, which stands around the 40-simple moving average (SMA). A [..]

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Technical Analysis – Tesla stock rebounds on descending channel after touching 28-month low 

Posted on May 22, 2019 at 11:48 am GMT

Tesla’s stock price has been developing within a descending channel over the last five months and during the previous period it challenged the return line once again. Also, the stock recorded a fresh 28-month low of 197.88. Looking at the short-term momentum indicators, they paint a cautiously positive picture. The RSI seems headed for a test of its 30 zone as it is turning higher, while the stochastic oscillator posted a bullish cross within the %K and %D lines in the oversold zone, suggesting [..]

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Technical Analysis – Apple stock falls to 6-week lows after breaking bullish channel

Posted on May 15, 2019 at 2:43 pm GMT

Apple stock plunged to a six-week low of 184.60 after breaking the almost five-month old bullish channel to the downside. The risk remains negative in the four-hour chart as the price has also dropped well below the Ichimoku cloud, while the bearish crossover between the 20- and the 50-period simple moving averages (SMA) suggests the pair will continue to trend down. In momentum indicators, the MACD is discouraging as well, deepening in negative zone and under its red signal line. Yet [..]

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