TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Trader bets $40 million that Meta’s 158% rally keep going.
- European stocks decline on China data as LVMH leads luxury lower.
- JPMorgan strategist predict further Euro-Area stock weakness.
MarketWatch:
- Nvidia’s stock could have a pathway to $600, Citi says.
- Apple has a juicy $40 billion opportunity ahead of it.
- Meta is still at the ‘early stages’ of many catalysts, analyst says.
- Rivian’s stock falls with Tesla’s Cybertruck seen as ‘fundamental and headline risk’.
yahoo! finance:
- Asia shares mixed amid lingering China concerns.
- Stocks open mixed with China GDP miss, earnings in focus.
- Ford cuts prices of F-150 lightning by nearly $10k.
- Expect the stock market to stay ‘fat and flat’ this year.
Stocks push higher as earnings season takes center stage.
Global Indexes
S&P 500
After poor China data the S&P 500 opened mixed only to push higher later the day.
DAX
The DAX retreated to touch support and then closed higher.
HANG SENG
Poor economic data made the HANG SENG open with a breakaway gap downwards. It broke its two major supports and is currently trading just above its EMA8 line. It could only close 2 days above its 50 and 200-day moving averages which technically makes it a false break.
NYSE & NASDAQ Stocks
Enphase Energy Inc
After a small J-curve Enphase Energy resumed its rally to take the honors on the S&P 500 with its 6.6% gain.
NVIDIA Corporation
If NVIDIA still has a pathway to $600 as Citi predicts, it still has a 30% potential gain?
JSE Stocks
JSE All Shares
The JSE All Shares hesitated with the Euro markets, still in positive territory.
Growthpoint Properties Ltd
Growthpoint turned with divergence has now reached its long-term negative trend line. Frontrunner is positive and its MACD has also turned green to indicate that we might see a break of the trend line this time round.
Algomodel Strategies, Education & Features
Click on Education or go to the home page to view education posts.
Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.
All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.
