Stock Market News


Technical Analysis – JP 225 index maintains horizontal mode

Posted on July 6, 2020 at 3:18 pm GMT

JP 225 stock index (Cash) may prolong its sideways crawl as the price stalled underneath the 22,825 upper bound of the range. Although the price found some footing on the 200-period simple moving average (SMA), the Ichimoku lines, the 50- and 100-period SMAs continue to indicate unclear direction and conflicting views. Conflicting signals are also suggested in the short-term oscillators. The MACD is above its red trigger and zero lines, while the RSI has marginally weakened under the 80 level. [..]


Technical Analysis – US 30 index attempts to keep recent gains intact

Posted on July 3, 2020 at 10:52 am GMT

US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku cloud and finding further support from the positively charged 200-period SMA just beneath, at 25,746. At the glance it seems this mostly neutral picture that has taken over the last weeks may be here to stay for a while. Conflicting signals exist in the directional picture of the index. The bullish Ichimoku lines mirror growing positive [..]


Technical Analysis – Tesla takes off like a rocket, prints new records

Posted on July 1, 2020 at 2:11 pm GMT

Tesla’s stock levitated to a new all-time high of 1086 yesterday, and today it overcame that too, continuing its relentless uptrend. The picture is overwhelmingly positive, with the structure of higher peaks and higher troughs being reinforced by all the simple moving averages (SMAs) sloping upwards and the price trading above an upside support line drawn from the March lows. Even short-term momentum oscillators are with the bulls, as the RSI just touched its 70 line while the MACD just [..]


Technical Analysis – Apple continues powerful uptrend, stays near records

Posted on June 30, 2020 at 2:15 pm GMT

Apple’s stock reached a new all-time high of 372.16 last week, continuing its monster bull run above a three-month upside support line and above all its simple moving averages (SMAs), which are also sloping upwards. Momentum oscillators endorse the positive picture. The RSI is well above 50 and is pointing higher, while the MACD – already deep in positive territory – looks ready to cross above its red trigger line soon. If buyers manage to pierce above the record high [..]


Technical Analysis – US 500 index’s sideways shift fades below 200-MA

Posted on June 29, 2020 at 1:38 pm GMT

US 500 stock index (Cash) is attempting to reclaim the 200-period simple moving average (SMA) after dipping below it in the previous session. The recent horizontal glide in the price after the pullback from the three-and-a-half-month top of 3,233, has been dwindling as negative tensions build. The neutral-to-bearish tone in the 50- and 100-period SMAs and the negative bearing in the Ichimoku lines further back the deteriorating view. Additionally, the price remains below the cloud and the vital 200-period SMA. [..]


Technical Analysis – US 100 index flies to new records

Posted on June 23, 2020 at 2:43 pm GMT

The US 100 cash index (Nasdaq) entered uncharted waters today once again, breaking above its previous all-time high of 10,155. The picture is overwhelmingly positive, with the price printing higher highs and higher lows above all its simple moving averages (SMA). Short-term oscillators detect strengthening upside momentum, endorsing the bullish picture. The RSI, already in positive territory, looks to be headed for a test of its 70 line soon, while the MACD just crossed above its red trigger line, which [..]


Technical Analysis – GER 30 index’s retracement forced sideways; positive picture under strain

Posted on June 22, 2020 at 2:43 pm GMT

Germany 30 Index’s (Cash) bounce on the 11,588 level, that being the 61.8% Fibonacci retracement of the down leg from 13,826.27 to 7,961, appears to have hit a ceiling at the 76.4% Fibo of 12,444. The current sideways move is further backed by the recent bearish overlap of the improving 100-period SMA by the falling 50-period one, around 12,258. Additionally, momentum indicators are highlighting the paused demeanour in the price as the MACD and the RSI remain stuck around their [..]


Technical Analysis – US 100 index turns its gaze back to record highs

Posted on June 17, 2020 at 11:28 am GMT

The US 100 cash index (Nasdaq) suffered a small setback last week, after reaching a fresh record high of 10,155, but has since recovered most of its losses. The structure of higher highs and higher lows on the daily chart remains intact, which alongside the upward-sloping simple moving averages (SMAs), keeps the outlook positive. A new all-time high above 10,155 would reaffirm the uptrend. Short-term momentum oscillators concur. The RSI – already above 50 – looks to be headed for [..]


Technical Analysis – JP 225 index restores positive tone with bounce off 23.6% Fibonacci

Posted on June 16, 2020 at 1:46 pm GMT

JP 225 stock index (Cash) yesterday bounced off the 21,431 mark, that being the 23.6% Fibonacci retracement of the up leg from 15,384 to 23,302, resuming the uptrend by climbing above the 200-day simple moving average (SMA). The Ichimoku lines and the short-term oscillators, although reflecting the recent pullback, continue to back an improving picture overall. The MACD, despite falling below its red trigger line, remains deep in bullish territory, while the RSI is rising above its 50 level. Additionally [..]


Technical Analysis – Tesla’s stock claims 1,000 first time ever; rally could soften in short-term

Posted on June 12, 2020 at 1:33 pm GMT

Tesla’s stock recorded its best day of the year on Thursday as it managed to close slightly above 1,000 for the first time ever, re-activating its long-term uptrend above February’s all time high that preceded the virus-led crash. Expectations are now for the stock to give up some ground as the rally looks to be overstretched according to the RSI which is slipping below its 70 overbought mark. Yet, buying confidence may not fade unless the price breaks below the [..]

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