TAGS: How to analyze shares and stocks
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News in Brief
Bloomberg:
- Reddit sees more than 20% sales growth in 2024 in IPO roadshow.
- Stocks struggle near record before inflation data.
MarketWatch:
- Dow ekes out gains while S&P 500 retreats from record high.
- Tesla now worth less than JPMorgan as stock slapped with new bearish call.
yahoo! finance:
- Tesla’s rough road ahead. The EV company’s ability to grow at the furious pace that its expensive valuation promises is no longer a guarantee.
- Nvidia, Tesla drops drag S&P 500 and Nasdaq lower.
- Yellen says rates ‘unlikely’ to return to pre-pandemic levels.
Nvidia dropped ahead of key AI conference and together with Tesla’s drop markets got dragged down.
Global Indexes
S&P 500
The S&P 500 is building a short-term resistance at the 5180 level with Tesla the main culprit to drag the index down.
DAX
The DAX also stalled at current levels.
HANG SENG
Similar for the HANG SENG.
NYSE & NASDAQ Stocks
Tesla Inc
The support of Tesla did not hold, and it started to extend its negative trend.
Estee Lauder Companies Inc
Estee Lauder broke critical resistance and its 200 DMA. It is back in all positive territory with rising bottoms and tops.
JSE Stocks
JSE All Shares
The JSE All Shares managed to bounce on its 50 DMA to close just below its 200 DMA resistance. It must break this resistance to be back in positive territory.
Impala Platinum Holdings Ltd
Impala Platinum smashed its 50 DMA resistance with a 10% gain. It has a loooong road ahead to recover the losses of the past.
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.
