Stock Market News

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Technical analysis – Tesla stock clears moving averages, cautiously positive in medium-term

Posted on January 18, 2019 at 1:07 pm GMT

Tesla’s stock crossed back above both its 50- and 200-day simple moving averages (SMAs) in recent sessions and is also trading above an uptrend line drawn from the lows of October. The combination suggests the outlook has turned cautiously positive. For the picture to turn decisively positive, it may require a higher high on the daily chart, namely a clear break above 379. Short-term momentum oscillators support the notion. The RSI is flattening slightly above its neutral level, while the [..]

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Technical Analysis – Johnson & Johnson stock price struggles within tight Bollinger band; bullish in long term

Posted on January 18, 2019 at 11:07 am GMT

Johnson & Johnson stock price has been squeezed within the Bollinger bands over the last couple of weeks in the daily timeframe, failing to pare some of the losses that were posted in mid-December. From the technical point of view, the indicators seem to be flat. The RSI is standing below 50 level with weak momentum, while the ROC is moving sideways near the zero line in the short-term. Upside moves may drive the price action higher towards the immediate resistance of 130.45 before touching the [..]

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Stock Market News – Netflix releases earnings: subscriber growth and pricing strategy in focus

Posted on January 16, 2019 at 2:53 pm GMT

Netflix will release its earnings report for Q4 on Thursday, after Wall Street’s closing bell. Beyond the actual earnings numbers, markets will also dissect the firm’s subscriber growth to gauge its future prospects. The management’s guidance on that subject, as well as their expectations around revenues following the latest hike in monthly subscription charges, will be crucial for the stock’s reaction too. The subscription-based streaming provider is anticipated to have made $0.24 in earnings per share (EPS) during the final [..]

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Technical Analysis – Bank of America stock price could see further strength in near term

Posted on January 16, 2019 at 9:27 am GMT

Bank of America stock price has had one of the best trading sessions over the last three consecutive weeks, following the pullback on the 19-month trough of 22.62. The price touched the 26.75, a one-month high, and the upper Bollinger Band in Tuesday’s trading period. The technical indicators are still located in bullish area in the daily chart, with the RSI stretching further above its neutral threshold of 50 while the stochastic oscillator posted a bearish crossover within its %K and %D lines. Yet the latter could [..]

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Technical Analysis – JPMorgan stock advances in near term; indicators signal bearish actions

Posted on January 15, 2019 at 9:07 am GMT

The JPMorgan stock price is continuing last month’s rebound on the 16-month low of 91.07, touching the 101.45 resistance level. However, looking at the technical indicators, they suggest bearish actions as the price opened with a gap down in the previous sessions. The stochastic oscillator is moving lower below the overbought level, while the ROC is pointing down above the zero line. The 38.2% Fibonacci retracement level of the downleg from 119.18 to 91.07, around 101.81 could be a trigger [..]

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JPMorgan, Wells Fargo, Goldman Sachs and Morgan Stanley to kick off earnings season for big financials – Stock Market News

Posted on January 14, 2019 at 6:34 pm GMT

The last quarter of 2018 was the worst experienced by global stocks in seven years, with the S&P 500 financials index closing lower by 9%. JPMorgan Chase & Co and Wells Fargo will be among the first of the largest contributors of the index to report earnings results for the messy quarter on Tuesday, while on Wednesday and Thursday further evidence on performance will follow from Goldman Sachs and Morgan Stanley respectively, all issued before Wall Street’s opening bell. Yet while a number of [..]

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Technical Analysis – Alcoa stock price rises somewhat above 2-year low; bearish outlook in long term

Posted on January 14, 2019 at 2:14 pm GMT

The Alcoa stock price dipped to a new two-year low of 24.98 on December 26 and it is currently hovering slightly above this level. The price remains below the medium-term descending trend line, which has been holding since April 19 but stands within 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, technically, the RSI indicator keeps moving lower below the 50 level, while the %K line of the stochastic oscillator printed a bearish crossover with the %D line in the [..]

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Technical Analysis – Goldman Sachs bulls back in play after reaching 2½-year low

Posted on January 8, 2019 at 1:56 pm GMT

Goldman Sachs stock price has been trading upwards over the last couple of weeks after the rebound on the 151.50 support level. The short-term technical indicators are endorsing the upside view. In the daily timeframe, the Relative Strength Index (RSI) is sloping upwards approaching the threshold of 50, while the MACD oscillator holds above its red-trigger line in the negative area, suggesting more strength in the market. Upsides moves are likely to find resistance at the 23.6% Fibonacci retracement level of the downleg from [..]

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Technical Analysis – Apple stays above 18-month bottom; ‘death cross’ in play

Posted on January 3, 2019 at 12:55 pm GMT

The Apple stock rebounded on the 18-month low of 146.50 that was reached on December 26. The technical indicators are endorsing the recent upside view with the RSI holding in the bearish zone, sloping slightly up, and the MACD is strengthening its positive momentum above the trigger line. However, at the end of the previous month, the 50-simple moving average (SMA) posted a ‘death cross’ with the 200-SMA in the daily timeframe. In case of a climb above the 160.40 resistance level, the price [..]

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Technical Analysis – Facebook rebound on 22-month low; positive risks not faded yet

Posted on December 19, 2018 at 1:01 pm GMT

Facebook’s stock price rebounded on the 22-month low of 128.30, reached on November 20. Currently, the stock is challenging the 50-simple moving average (SMA) in the daily timeframe, making it hesitant to move even higher. Short-term oscillators suggest the current rebound may continue in the immediate term. The RSI is detecting upside momentum, while the MACD is approaching the zero line, weakening the negative movement. Further recovery in the stock may encounter immediate resistance near the 147.00 zone, marked by the latest highs in the prior week. [..]

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