Stock Market News

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

Posted on May 15, 2019 at 2:44 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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Technical Analysis – Tesla stock hovers in downward sloping channel above 23-month low

Posted on May 10, 2019 at 11:03 am GMT

Tesla’s stock price has been trading within a downward sloping channel over the last five months. Looking at the short-term momentum indicators, they paint a cautiously negative picture. The RSI seems headed for a test of its 30 zone, while the stochastic is heading south in the daily timeframe. The ‘death cross’ within the 50- and 200-day simple moving averages (SMAs) is still holding, suggesting more losses. In case of another wave of declines in the market, sellers could encounter [..]

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Specter of trade war returns to haunt markets – Special Report

Posted on May 9, 2019 at 2:44 pm GMT

Investor attention has turned back to trade, as the US considers whether to launch another round of tariffs on China early on Friday (04:00 GMT). If tariffs are indeed increased, that would probably send stock markets plunging as investors brace for China’s retaliation, or worse yet for a breakdown in the talks. In the bigger picture though, the most likely endgame is still that a deal will ultimately be reached. After months of optimistic comments from both the US and [..]

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Amazon earnings set to reflect increasing focus on profitability – Stock Market News

Posted on April 24, 2019 at 4:07 pm GMT

The world’s biggest online retailer will announce its earnings for Q1 after the US market close on Thursday. Revenue is expected to slow, but profit growth is seen picking up, something that reflects the company’s recent approach of focusing on operating margins. Guidance by management for Q2 will be crucial for the stock’s reaction in the aftermath. The e-commerce giant is expected to report earnings per share (EPS) of $4.72 in Q1, which would represent a robust 44.5% increase from [..]

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Technical Analysis – Facebook stock flies near 8-month peak; bullish outlook in medium term

Posted on April 24, 2019 at 1:05 pm GMT

Facebook stock price pulled back from the two-year low of 123.30, registered in December 2018, and is currently resting slightly above the 61.8% Fibonacci retracement level of the downleg from 218.44 to 123.30 near 182.18. The price is meeting a fresh eight-month high of 184.15 after the completion of a ‘golden cross’ between the 50- and 200-simple moving averages (SMAs). Technically, the stochastic is detecting upside momentum as it is approaching the overbought zone, while the MACD is gaining momentum [..]

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Facebook earnings eyed as its stock outperforms markets – Stock Market News

Posted on April 23, 2019 at 3:34 pm GMT

The social media colossus will release its Q1 earnings on Wednesday, after Wall Street’s closing bell. Forecasts point to a decline in earnings, as greater spending on security is expected to weigh on margins. Regardless, investors are loading up on the company’s stock, which has soared by nearly 40% year-to-date, far outperforming the broader market. The ad-based social network company is expected to have made $1.63 in earnings per share (EPS) in the first quarter, which would represent a decline [..]

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Technical Analysis – Coca-Cola stock reaches 2-month high; bullish actions back into play

Posted on April 23, 2019 at 1:21 pm GMT

Coca-cola stock price advanced above the Ichimoku cloud over the last couple of trading days, challenging a two-month high around the 47.50 resistance. The MACD oscillator rose above its trigger line in the daily timeframe, while the stochastic is flattening in the overbought territory, suggesting overstretched market. A failure to overcome the two-month high of 47.50 barrier could send the price down to the upper surface of the Ichimoku cloud around 47.16. Lower, support could be next found around 46.70 where the [..]

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Coca-Cola on watch after PepsiCo’s earnings beat – Stock Market News

Posted on April 22, 2019 at 3:37 pm GMT

Coca-Cola Co’s share price is almost 7% above its February troughs when the board expressed that sales growth is set to slow down this year, staging the largest daily sell-off in more than a decade. The soda giant is now ready to announce its first quarterly earnings results for 2019 on Tuesday April 24th before the market open, and traders will pay close attention to any noisy number that sheds light to those fears. Refinitiv analysts recommend holding the stock. [..]

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Technical Analysis – Twitter stock declines below red Tenkan-sen line; neutral in long term

Posted on April 22, 2019 at 9:38 am GMT

Twitter stock price has been developing within a consolidation area over the last nine months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. From the technical point of view, the market could experience some softness in the short term, as the RSI is slipping towards its 50 neutral level and the MACD oscillator is holding below its trigger line, confirming the recent weak movement in price action. The 50 and 200-day simple moving averages (SMAs) are in [..]

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Can US stock markets continue to defy gravity? – Special Report

Posted on April 19, 2019 at 1:19 pm GMT

US equity markets have been on a tear in 2019, reclaiming lost ground to come within breathing distance of their all-time highs. The rally has been fueled mainly by the Fed putting its rate-hike plans on ice, though easing trade tensions and corporate buybacks helped as well. While stocks could advance even further and break new highs, the risks seem increasingly asymmetric, with gains looking limited if growth stays solid but losses severe in case fears of a recession make [..]

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