Technical Analysis – Disney stock cautiously positive; rallies to new all-time high

Posted on November 15, 2019 at 2:08 pm GMT

Disney stock’s recent jump to a fresh all-time high looks to be in line with the bigger bullish picture, however, the move may be running out of steam, as reflected in the Stochastics and the RSI, which have entered the overbought zone and now are starting to turn down. Despite this, the MACD is distancing itself above its red trigger line, moving deeper in the positive zone. Further backing the positive outlook, is the completed bullish crossover of the 20- [..]


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 [..]


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 [..]


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 [..]


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 [..]


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 [..]


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 [..]


Amazon’s earnings: profit squeeze and regulatory blues? – Stock Market News

Posted on October 23, 2019 at 1:15 pm GMT

The world’s leading online retailer will announce its earnings for Q3 after Wall Street’s closing bell on Thursday. Profit margins are expected to have been squeezed, amid rising costs. Yet, perhaps most of the attention could fall on the performance of the firm’s cloud business. Beyond that, any comments by management about the recent antitrust investigations could also be crucial for the stock’s reaction. The e-commerce colossus is set to report earnings per share (EPS) of $4.60 in Q3 according [..]


Technical Analysis – Tesla stock unable to breach swing high; returns to 200-day SMA

Posted on October 23, 2019 at 7:51 am GMT

Tesla stock currently holds at the 200-day simple moving average (SMA) located at 254, which is also the 38.2% Fibonacci retracement of the down leg from 379.21 to 176.65. Sellers reversed the price – ahead of the resistance at 266 from July 24 – back down, denying further gains. The short-term oscillators are cautiously skewed towards a price improvement. The MACD, remaining above its red trigger line in the positive zone, has declined closer to it. Moreover, in the bullish [..]


Technical Analysis – JP225 index remains bullish; consolidates at May high

Posted on October 16, 2019 at 3:05 pm GMT

The Japan 225 cash index’s recent rally has paused at the May high of 22,486 after producing a ten-month high of 22,612. Following an ascent that bounced off the 21,054 level, which is the 50.0% Fibonacci retracement of the up leg from 19,860 to 22,252, the signals are leaning towards a persisting positive outlook. The short-term oscillators reflect the bullish momentum is strengthening. The MACD is above its red trigger line and deep in positive areas, while the RSI is [..]

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