Stock Market News

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Technical Analysis – Alibaba stock rushes to recoup losses ahead of Q2 earnings release

Posted on August 13, 2019 at 2:33 pm GMT

Alibaba’s stock price found enough footing near the 23.6% Fibonacci of the 147.82-179.33 upleg to surge above the 20-period simple moving average (SMA) in the four-hour chart. The rising MACD and the positive slope in the RSI, which is ready to exit the bearish territory, are encouraging signs for the market’s short-term performance. Should the 61.8% Fibonacci of 167.28 open the gate to the bulls, the 50-period SMA at 169.25 could next take control. Slightly higher, the area between 172.00 and [..]

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Technical Analysis – WalMart breaches uptrend line; 100-day SMA obstructs the drop

Posted on August 13, 2019 at 1:12 pm GMT

WalMart stock pulled back from a high of 115.26 after nearly eight months of advances, piercing below the uptrend line. The downwards correction has stalled at the 100-day simple moving average (SMA) after its push lower off 108.36, which is the 23.6% Fibonacci retracement level of the up leg from 86.07 to 115.26. It’s worth mentioning that the 20-day SMA has crossed below the 40-day SMA, signaling that the short-term bearish bias seems to be holding. The momentum indicators are [..]

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Disney’s earnings eyed for clues on upcoming streaming service – Stock Market News

Posted on August 2, 2019 at 1:28 pm GMT

The world’s leading entertainment conglomerate will release its latest earnings report on Tuesday, after Wall Street’s closing bell. Beyond any surprises in the numbers, market focus will fall mainly on the expectations by Disney’s management about the firm’s soon-to-be-launched streaming service. Overall, the company’s future remains bright – something also reflected by the 29% gain in its stock this year – though its high valuation poses a risk. The entertainment colossus is expected to report earnings per share (EPS) of [..]

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Technical Analysis – General Motors stock makes a 13-month high; sellers push back

Posted on July 31, 2019 at 2:57 pm GMT

General Motors stock has stuck to the upper Bollinger band on its stretch north, peaking its head above the band, hauling the price of the stock above previous peaks from February 6 and April 18. Although the price has formed a spinning top candle and sellers have pushed lower, it’s worth mentioning that the 40-day simple moving average has crossed above the 100-day SMA, signaling that the bullish advance seems to be holding. The MACD is in the positive region [..]

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Apple’s earnings: All eyes on iPhone guidance – Stock Market News

Posted on July 30, 2019 at 3:25 pm GMT

All of Wall Street will be watching Apple’s earnings report after the US market closes on Tuesday. Besides the headline numbers, investors will focus on the guidance by the firm’s management about the next quarter, and especially on their expectations for the new iPhone. As for the stock, it has gained substantially this year, but remains relatively attractive from a P/E perspective, at least compared to its FAANG rivals. The California-based tech titan is expected to report earnings per share [..]

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Technical Analysis – Apple stock fails to reach 6-month high; prints warning candles

Posted on July 29, 2019 at 2:51 pm GMT

Apple’s stock lost steam in the last sessions, after a nearly two-month rally from the low of 170.17 on June 3. The pair formed a hanging man formation followed by a close lower and then a shooting star. The bulls seem to have lost control and momentum indicators also warn of a possible short-term down move. Although the price is above the Ichimoku cloud and simple moving averages (SMAs), momentum has paused as the Ichimoku averages have moved sideways, while [..]

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Technical Analysis – Twitter stock touches upper boundary of trading range; eyes on gap

Posted on July 26, 2019 at 8:26 am GMT

Twitter stock lunged up out of a trading range trying to fill the gap from July 2018. The move had price hit a nine-and-a-half month high of 40.90 to only fall back into a two-and-a half month sideways market, where the price is currently shaking hands with the upper boundary. Price has printed a red candle, besides a bullish cross up of the 40-day simple moving average (SMA) by the 20-day SMA. The MACD, although above its trigger, is flat, whereas the RSI [..]

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Amazon earnings is the key release to watch today – Stock Market News

Posted on July 25, 2019 at 4:09 pm GMT

Jeff Bezos’s famous Amazon.com will be among the highlights this week as the world’s second most valuable company by market capitalization is expected to report its Q2 financial results on Thursday after Wall Street’s closing bell. After a stellar start to 2019, the tech-giant is anticipated to set the bar higher, but pitfalls could still lie ahead, making markets wonder whether Amazon’s stock price could search for new record highs. Earnings forecast Total revenues are expected to have jumped to $62.46bn in the [..]

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Technical Analysis – Facebook stock eases around 1-year peak; retains bullish outlook

Posted on July 24, 2019 at 1:23 pm GMT

Facebook stock price is hovering around the one-year high of 205.40 but it is holding well above the 50- and 200-day simple moving averages (SMAs). Momentum indicators are looking to lose steam as the MACD fell beneath the trigger line and the RSI is flattening in the positive territory, suggesting a downside correction. An advance could stop at the multi-month high of 218.44, taken from the peak on July 25, before posting a fresh all-time high. A downside structure in the [..]

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Technical Analysis – McDonalds stock reaches new record high; hits upper boundary of ascending channel

Posted on July 23, 2019 at 12:45 pm GMT

McDonalds stock price hits a record high of 215.85 last Thursday, meeting the upper boundary of the long-term ascending channel in the daily timeframe. The 20-day simple moving average (SMA) helped the bulls to retake control, while the positive momentum in the RSI suggests the bullish party is not over yet for the stock. However, the MACD oscillator is slowing down below the trigger line. The peak at 215.86 could potentially work as nearby resistance should the price continue the rebound on 206.35. Nevertheless, it would [..]

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