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Fangstocks

Alphabet Holds the 50-day SMAAlphabet was the only megacap Nasdaq member to break out on its last set of quarterly numbers. Now it’s pulled back to some interesting levels. First, GOOGL tested its 50-day simple moving average (SMA) on Monday and held that line. Second, that SMA is near the September 2 peak of $1726.10. It bounced around that same level twice last month, which could mean old resistance has become new support. Stochastics are also showing an oversold condition. GOOGL isn’t the kind of stock investors have liked recently. They’ve been focused on smaller and more speculative names like solar energy and electric vehicles. However that probably won’t last forever. Pretty soon attention could return to the big names – especially with earnings season next month. And investors might find a lot to like because GOOGL’s last quarter showed a big improvement in online advertising. Both Search and YouTube benefited. It will also be a special quarter as Sundar Pichai starts disclosing operating income for Google Cloud in the results. GOOGL faces some legal risk because of antitrust actions by the U.S. and several states, but those cases will take years. Now that they’re known, sentiment could turn more positive and the search giant could climb a proverbial wall of worry. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:GOOGLLong
by TradeStation
Does Anyone Remember Netflix?Streaming-video giant Netflix has been dead in the water since early July. But now some of its chart features could be getting interesting. First, NFLX’s range of motion has tightened lately as the rest of the market’s expanded. We can see that in its bullish inside week (beginning November 16). Two small candles have followed as prices inched higher. Bollinger Bandwidth is also back to the narrowest end of its normal range (on the daily chart). Second, MACD has started rising. This also signaled gains at previous times like mid-June and early October. Third, NFLX is challenging its 50-day simple moving average (SMA). The last couple of times it tried to break this SMA (October 29 and November 6), it quickly backed down. But this time it’s pushed for four straight sessions without failing. Fourth, bearish candlesticks on November 9 and November 23 had no downside follow-through. Instead, buyers stepped in to defend incrementally higher lows on the stock. Finally, the fundamental story could shift back in NFLX’s favor if coronavirus cases continue to increase into the winter. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:NFLXLong
by TradeStation
3
Stunner! Alphabet Is Leading the NasdaqMost of the high profile ‘FANG’ stocks haven’t done much recently. That is, aside from Alphabet, which is leaving them all in the dust. GOOGL was the only company worth over $300 billion to hit a new 52-week high yesterday. It was also one of only a few traditional technology stocks to hit new highs, accompanied by a few semiconductor firms like Lam Research and Advanced Micro Devices, which are less than one-tenth GOOGL’s size. Meanwhile Facebook remained 4 percent off its highs. Amazon.com is 9 percent away and Netflix is 12 percent below its peaks. The same applied to other big names like Microsoft, Alibaba and even Tesla. GOOGL’s had two positive catalysts. First was its better-than-expected results on October 28, fueled by online advertising and surprisingly strong YouTube and Play app store revenue. Guess what Tim Cook? It turns out Sundar Pichai can also play in the “software and services” field. Second was the post-election relief rally on November 4. That caused GOOGL to jump above its September peak. It tested the old high near $1,700 early last week and bounced. That kind of high and tight consolidation pattern above old highs is potentially bullish. Buyers may have no alternative but chasing after yesterday’s move to new highs. Who knows, is a stock split next? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:GOOGL
by TradeStation
FANG: SUPERHERO HEAVEN OR HELL? This is the like the most powerful index on earth! From end of March 2020 to first week in Sept 2020, FANGS appreciated ~140%. If a trader had the right bottle, $1 could have become $34,000! This is just the mathematics. (Note carefully - this is an educational post, not a trade. I have not traded this nor do I make any claims. Trading in *derivatives in this index or any other, can multiply the value of $1. See disclaimer .) The FANG+ index is one to watch for everything else. It rules the world, of stock markets and influences several currencies (USD, NZD, AUD and JPY). This is where the big boys play! So - will the superheroes save the world? I don't know. There has been an important and sudden correction of this index. Stay tuned. Disclaimers : Leveraged trades and *derivatives are highly risky instruments. This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
ICEUS:FNG1!Education
by Captain_Walker
Is Netflix Flying a Bearish Flag?Investors are rotating back to “reopening” sectors like airlines, financials and energy. This runs against the dominant theme for most of the coronavirus period, which focused on stay-at-home stocks. Netflix is obviously one of the biggest examples of that “Covid trade.” Not surprisingly, it’s lagged recently as other parts of the market have taken off. The chart also has some bearish patterns. First and foremost was the large “blowoff top” on July 13. This appeared on most major technology stocks and Nasdaq constituents (except semiconductors). It also produced a bearish outside candle for the Nasdaq-100. NFLX has remained entirely below this large bearish candle for more than three weeks – a sign of resistance taking hold. Next, the streaming-video stock followed an uptrend since March that it’s now violating. Its last attempt to hold that line now look like a bearish flag that’s broken to the downside. Finally, the fundamentals aren’t so hot. NFLX obviously benefited from an initial surge of business as lockdowns spread. (Q1 subs +16mln.) But last quarter executives bluntly admitted “we expect less growth” in the future. (The main reason seems to be that many would-be signups were only shifted forward in time.) Given the macro backdrop and slowing fundamentals, it may be too early to “buy the dip” in NFLX. The next big level to watch on NFLX is the July 24 low of $467.54. Selling could increase if the stock closes under that.
NASDAQ:NFLX
by TradeStation
Facebook Just Had a Bullish Outside DayFacebook has lagged other big tech and FANG stocks recently. It’s up just 4 percent in the last month, less than half the gain of the Nasdaq-100 in the same period. One reason is that it was overbought after breaking out to new highs on May 20. It then reeled on news of an advertiser boycott last month, but quickly returned to its old range above the January highs. FB tried to break lower yesterday, but was defended below Friday’s lows. By the time 4pm ET rolled around, the social-media giant had established a new all-time closing high. It also printed a printed a bullish outside candle by eclipsing the previous high. That pattern could now signal FB’s recent neutral trend is ready to turn more bullish. Netflix climbed into its last earnings report. Will FB follow a similar path with results due next Wednesday, July 29? Additionally, this chart shows FB's 50-day simple moving average (SMA) and our Distance from MA custom script. Notice how it provided support last month and is now rising from the downside. It now has the potential to squeeze FB higher, especially after yesterday’s outside candle.
NASDAQ:METALong
by TradeStation
$WZR: Fintech hype+ Solid uptrendFA, - FinTech Revolution (WZR left behind while the punters bet on BNPL) - Loan origination spikes 48% in June 2020. Consistent uptrend - Wisr Ecosystem up 52% - 42.4 Million in Cash - Great vision: Improve financial wellness in Australians. - Strong support from NAB - Good management team including CEO Anthony Nantes - Cool name and logo ( It’s vital for long term success, Ask Peter Lynch) TA, - 5EMA and 10EMA above 150EMA - Bottom trendline of Strong uptrend - Ascending triangle( WZR has historically broken out higher from ascending triangles) - Volume consolidation - Strong monthly level support(white) - RSI not overbought (RSI<50)
ASX:WZRLong
by ashainp
Netflix Makes a Higher Low as Earnings ApproachNetflix was already one of the market’s leading New Economy stocks before coronavirus, and the pandemic has simply raised its status as a recession-proof growth name. Now a few things could be lining up in its favor again. First, a rebound in coronavirus cases revives the odds of more social distancing and binge watching. Second, NFLX earnings are scheduled for July 16 after the closing bell. Given the favorable demand environment, sentiment may grow more positive into results. And, most importantly: some patterns on the chart. NFLX formed an ascending triangle along its 50-day simple moving average (SMA) between late-May and mid-June. It snuck out of that pattern last week, even as the S&P 500 slid lower. That kind of relative strength is also a potentially bullish sign. NFLX then dipped back lower on Friday and Monday as the Facebook boycott dragged big Nasdaq stocks lower. That caused one final test of the 50-day SMA, and today NFLX is bouncing. Another higher low above the old peaks: The trend still looks intact.
NASDAQ:NFLXLong
by TradeStation
Amazon.com Holds Breakout to a New HighAmazon.com barely flinched when coronavirus slammed markets in February and March. Along with Netflix, it was one of the first major names to break out in April. And now it’s showing signs of continuation to the upside. Few stocks seem to have a stronger fundamental story than AMZN because coronavirus has boosted both halves of its business: e-commerce and cloud computing. It’s now in a position to clean up as traditional retailers go under and more businesses adopt AWS. Several indicators highlight the trillion-dollar company’s technical strength. First, the moving averages show how AMZN’s price action has opened following a year of tight consolidation. Second is the ascending triangle after its breakout, which it escaped last week. Next, stochastics show the stock retreated from overbought conditions. While it’s not yet oversold, it may not get much cheaper given the price action elsewhere in the Nasdaq . Finally, the Bollinger Band width shows AMZN’s range is just now starting to expand. Given its tight range, traders may want to lean on the bullish side with risk management below the May 20-21 high around $2,500.
NASDAQ:AMZNLong
by TradeStation
FANG Index Points to Further Tech Downside Hello traders! I continue to expect another significant wave down in world equities as per my consistency across my ideas. While it may not happen all at once, the main trend is one more wave down to at-least test the gaps across virtually every index/ETF/stock from March 24th. While the level on March 24th should bring about some support when we close the gap, ultimately, that level will fail even if it takes an additional few weeks, several weeks, or a month. US tech still has room to fall and in my opinion, will not be a buy until the FANG index essentially succumbs to eliminating all or most of its 2019 "gains". 2019 was the supposed year of a continuing bull market, multiple expansion and more gains. Clearly, that is halted indefinitely. With negative earnings , alteration of supply chains and simple the fact that consumers have no savings nor the money to buy lucrative items, the fact is, US tech will eventually be a buy, but not yet. The NASDAQ-100 will likely fall an additional 10-15% from the current lows we set not too long ago. Certain stocks that are heavily overbought and still overvalued will likely drop a further 15-20% from their lows. Be careful that we may see a bit of a rally (again) at some point as a bull-trap followed by a subsequent sell-off a month later. This will be a typical ABC correction with another wave down. NOTHING moves straight down. The market is mostly controlled buy algorithms - not by retail traders individually buying. - zSplit
ICEUS:FNG1!Short
by PaulDeep19131
6
FANG Stocks| Facebook Oversold Bounce| Fed Rate Cuts?Evening Traders! Today’s technical update will be on Facebook with an oversold bounce coming to fruition, this is similar across the board due to the immense sell pressure. Points to consider, - Trend broke key 200 MA - Local resistance being tested - Local support at .50 Fibonacci - RSI approaching yearly lows - Stochastics in lower regions - Bull Volume influx Facebook broke its key 200 MA which plays a historical significance in determining a bear or bull trend. Currently the local resistance zone is being tested (market close) which is in confluence with the 200 MA. A close above will increase bullish bias. A rejection will technically put in a lower high, which is very bearish. Local support is at the .50 Fibonacci, this can be considered to be the nest logical support if the bears continue to control price. The RSI is trading at yearly lows; this level here technically indicates a short term bounce. Facebook’s stochastics is also trading in lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. Upon market close, there has been a clear influx in bull volume, signalling potential seller exhaustion for the short term, it would only be natural to have a relief rally at some point. Overall, in my opinion, Facebook and stocks across the board have a high degree of probability in having in oversold bounce. Oscillators are extended, local resistances needs to break otherwise lower highs will be set, which is extremely bearish. Will Fed rate cuts save the economy again? Please leave a like and comment, And remember, “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
NASDAQ:META
by AzizKhanZamani
Alphabet Back Under $1 Trillion Market CapCoronavirus is hammering stocks today, as everyone knows. The disease most directly threatens chip makers, transports, energy and financials. Some corners of tech are less directly impacted… like Alphabet. Today's drop represents GOOGL's first pullback to its 50-day simple moving average (SMA) since the company broke out to new highs in November and December. It also comes at a time when Sundar Pichai has taken the helm as CEO, with an eye on monetizing businesses like YouTube. The current zone around $1,420 is also a support area where it bounced earlier in the month. In conclusion, Warren Buffett isn't known as a great technical analyst. But his adage of being "greedy when others are fearful" might just apply in a new-economy blue chip like GOOGL.
NASDAQ:GOOGLLong
by TradeStation
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