Stock Market News

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Technical Analysis – Twitter stock surpasses 200-day SMA in sideways channel

Posted on February 6, 2019 at 2:04 pm GMT

Twitter stock has been trading within a sideways channel over the last six months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. Currently, the price is trying to climb above the 200-day simple moving average, creating a bullish rally. From the technical point of view, the Relative Strength Index (RSI) is strengthening its momentum in the positive zone, approaching the 70 level, while the MACD oscillator is trying to surpass above the trigger line, [..]

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Twitter reports earnings, all eyes on user growth – Stock Market News

Posted on February 6, 2019 at 11:14 am GMT

Twitter will report its quarterly earnings before the US market open on Thursday. The company has been striving to eradicate misinformation and ‘fake news’ from its platform, and so has seen its user growth wane, spelling troubles for its stock last year. Yet, the rebound in early 2019 suggests investors believe this may be a successful long-term strategy if it succeeds in mending Twitter’s brand credibility. The conference call with management, and how they view user growth going forward, will [..]

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Technical Analysis – Google stock finds resistance around 200-day SMA; neutral in medium term

Posted on February 4, 2019 at 2:01 pm GMT

Google stock price has been finding a strong resistance level around the 200-day simple moving average (SMA) since Thursday, challenging the 50.0% Fibonacci retracement level of the downward movement from 1270 to 967, near 1119 as well. The upward spike sent prices towards a new three-month high of 1,124 and momentum indicators now suggest that the market sentiment might rise even higher as the stochastic lies in overbought area and the MACD surpassed the trigger line. Should bullish dynamics dominate, the market might revisit the 1,147 resistance in case of [..]

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Technical analysis – Nvidia stock continues to struggle below SMAs

Posted on February 1, 2019 at 10:19 am GMT

Nvidia’s stock opened with a gap lower on January 28, crossing back below its 50-day simple moving average (SMA). The fact that the price structure on the daily chart still consists of lower highs suggests that the medium-term picture remains cautiously negative, though a decisive break back above the 50-day SMA could turn it to a more neutral one. Momentum oscillators concur, as the RSI is still below its neutral 50 level but is sloping up while the MACD has [..]

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Google parent Alphabet expected to deliver stellar earnings – Stock Market News

Posted on February 1, 2019 at 9:50 am GMT

Alphabet Inc, the parent company of tech behemoth Google, will reports its earnings for the fourth quarter of 2018 on Monday after the US close. The company could outshine its tech peers as it’s anticipated to report another robust quarter. Analysts remain bullish about the company’s stock with a mean recommendation of ‘buy’, in line with the industry average for the online services sector. The holding entity of the Google group of companies will be the last of the FAANG [..]

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Technical Analysis – General Electric stock strongly bearish but stands above 50-day SMA

Posted on January 31, 2019 at 12:47 pm GMT

General Electric stock price is trying to complete the eighth consecutive green week after the bounce off the 6.70 support level. The aggressive bearish rally started after the pullback on the 33.00 resistance level, driving the price towards the 6.70 low in the previous month. Moreover, the price is holding within the narrow Bollinger band in the daily timeframe as it failed to move higher after it almost touched the upper boundary. Looking at momentum oscillators on the daily chart, they suggest [..]

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Technical Analysis – Tesla stock rebounds on 280 but remains in long-term trading range

Posted on January 30, 2019 at 1:24 pm GMT

Tesla stock price has been trading within a consolidation zone over the last 18 months with upper boundary the 387 resistance level and lower boundary the 245 support barrier. Looking at the short-term timeframe, the price rebounded on the 280 level, while the technical structure confirms the positive bias. The stochastic oscillator continues to move higher towards the overbought level. Another wave of advances in the stock could stall initially near the 200-day simple moving average (SMA), which stands near 314. An upside break [..]

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Stock Market News – Microsoft and Facebook release results; earnings season in full swing

Posted on January 30, 2019 at 10:37 am GMT

Both Microsoft and Facebook will announce their earnings on Wednesday, after Wall Street’s closing bell. These tech behemoths had vastly different years in 2018, with Microsoft shares surging on the back of strong cloud services growth, but Facebook taking a hit amid privacy scandals. That said, the tides may be turning in 2019, as Microsoft is underperforming markets year-to-date while Facebook is outperforming. Guidance by management from both companies will be key. Microsoft The world’s second-largest company by market capitalization [..]

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Stock Market News – Tesla to report second profitable quarter but demand outlook could disappoint

Posted on January 29, 2019 at 2:32 pm GMT

Hot on the heels of its profit warning, Tesla Inc on Wednesday will publish its earnings results for the fourth quarter and full year 2018. After a record third quarter when sales surged, the company is expected to report smaller quarterly profits, despite higher deliveries, as costs soar and profit margins narrow. Tesla is expected to reveal Q4 revenue of $7.08 billion on Wednesday, according to Thomson Reuters I/B/E/S estimates, when it announces its latest earnings after the market close. [..]

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Technical Analysis – Facebook stock continues recovery from 2-year bottom; holds above 50-SMA

Posted on January 29, 2019 at 1:53 pm GMT

Facebook stock price rebounded on the two-year low of 123.30, registered on December 21. Currently, the price holds above the 50-day simple moving average and the 23.6% Fibonacci retracement level of the downleg from 218.44 to 123.30, around 145.74.  The stochastic is detecting upside momentum as the %K line posted a bullish crossover with the %D line, while the MACD is flattening in the positive zone. Further upside recovery in the stock may encounter immediate resistance near the 152.00 zone, marked [..]

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