Technologystocks
Apple’s Range Is Tightening as Earnings ApproachApple's range is tightening with earnings due on Thursday afternoon. Is a breakout coming?
The iPhone maker has stayed above its 8-day exponential moving average since the market jumped back to life on April 6. There were a few tests below it, but now that line is squeezing up to the top of the recent range around $288.25. It’s also near the 100-day simple moving average (SMA).
A tight pattern like this, especially with waning volume, suggests traders may be waiting for quarterly results to jump in. Notice how the 5-day Average True Range (ATR) is back to its tightest reading since February 21, immediately before the coronavirus selloff began.
AAPL is also holding above its 50-day SMA. The stock had a false breakdown under that line on April 21, but it quickly rebounded and has stayed above it since.
From a fundamental perspective, Wall Street seems fully aware that coronavirus will hurt both supply and demand. IPhone production was delayed by factory outages. Big hits to income from the millions of lost jobs will also weigh on unit sales. But how long will those headwinds last?
Investors seem to be looking out a little further in time and seeing Tim Cook’s initiatives paying off: Cheaper phones draw more users into AAPL’s growing services business. That’s a positive for valuations because recurring revenues tend to command higher multiples than hardware sales.
AAPL has pursued that strategy lately by releasing the iPhone SE for $399. It also rolled out services like App Store and iCloud in 20 more countries across Africa, Europe and the Middle East.
In conclusion, AAPL has made several major transformations over the years: First from Macs to iPods. Then, from iPods to iPhones. Now it’s evolving from iPhones to services. The result is a stickier business model with more operating leverage. Covid-19 or no Covid-19, the progress seems on track.
Tesla Is Parked Above a Key Level. Will it Speed into Earnings?Tesla turned before the rest of the market, and quickly doubled from its low. Now the electric-car maker is parked above a key level, making traders wonder if it may accelerate higher.
TSLA bottomed on March 18 , four sessions before the S&P 500 capitulated. It also passed above its 50-day simple moving average (SMA) on April 14 and has remained there, even with the broader market struggling at that line.
It squeezed into a tight range as it consolidates and is now trying to break out of a small triangle. The stock will be in focus this week because earnings are due Wednesday afternoon.
While few companies have been immune to the impact of coronavirus on global economies, TSLA has actually had some positive news before its results. On April 2 the company said first-quarter vehicle deliveries would crush estimates (88,400 vs 79,900 forecast). Then on April 15, LMC Automotive estimated that registrations in the key Chinese market rose more than 400 percent between February and March.
Finally, some bigger perspective: TSLA’s market cap is $133 billion, but it still isn’t in the S&P 500 index. If it were, it would rank No. 41 between McDonald’s and Medtronic . The real story here could be that a major growth stock for the next several years may be sitting right in front of us, in the middle of its second major historic move. Earnings are nigh, short interest is high and a brief consolidation phase may be in the rearview mirror.
Bullish Technical Setup provided by ALEC / Through 26NASDAQ:ALEC
Hey Guys, today i´d like to showcase you a sharp ooking Long Setup for a shorter time frame.
We are looking here at an uplifting and trending Bio TECH Stock that has shows previous Strenght when the market had its weakness.
Alector, Inc. operates as a clinical-stage biopharmaceutical company. They are developing therapeutics for the treatment of neurodegenerative diseases including frontotemporal dementia (FTD), Alzheimer's disease, and Parkinson's disease.
No real profits are yet achieved for the Company but it still has a solid looking balance sheet.
ALEC had a appropriate Consolidation Phase last week where it bounced back multiply times from the 26$ Resistance Level.
Looking at the Hourly the Stock set ups very well it its given Range
The Moving Averages dispaly that the Stock should be ready for a breakout expansion with a confirmation from high Volume following through.
My Entry would be at 26.10 to not get trapped.
Targets are 30, 32 and 36
I´d set my SL at LOD and then trail it with a 15min candel upwards to not give back any gains.
This is only my opinion on technical Analysis and not a buy or sell recommendations. Do your own research before jumping into a bandwagon.
Please leav me a like or a comment if you want to see more of my Analysis !
It would mean a lot to me and id´be greatly appreciated.
Thanks,
Sebastian - TradingExperts EU
Biontech AG Outbreak - First COVID-19 human vaccine trial test Hey fellow Trader,
The uprising Biotechnology company from NASDAQ:BNTX Mainz, Germany is on its final steps from developing a vaccine for the actual Bio-weapon health crisis from the "new flu" .
With Rolf Zinkernagel a brilliant Scientiests that can proudly say to win a nobelprice and a strong financial background , from big names in the Pharmaceutical field.
When BioNTech AG announced to start with the first human vaccine tests after getting an approval in Europa , a US approval should follow shortly after also.
We should expect News from those test in end May/june and if they´ve managed to create a proven vaccine afterwards im staying LONG in this Outbreak because its Trending and the Chances are high for a good R/R.
A Golden Cross is forming and the Overall Stock is positive and with a low beta so less correlation risk in this given "Crazy Market" .
So with a break of the 56 level we should see a strong move up.
Goals are high and i think it could touch the 100 mark again with reactive move down to given support levels if they arent successful with their vaccine Therapy.
STOPLOSS tight at 49,45
I hope this was helpful but it only displays my opionion and no financial adivce is given here.
Sincerly,
Sebastian
Bullish with earnings released soonPrice made a double top, and never retested the neck line
Price is now respecting the demand zone
price also appears to be respecting the 50 fib level
while the stock market has been looking rough, tech stocks are doing fairly well
also to me, it appears that this stock kind of mirror microsoft ( i mean it would make sense if you ask me) and im really bullish on MSFT
CYBERARK SOFTWARE: The Underdog of the CybersecurityCyberArk is a smallcap security company offering Privileged Account Security ( e.g. financial services, energy, retail, healthcare).
Cause of the Covid19-Crash the Cybersecurity section crushed down to -33% but we are seeing fast recovery in the Cyber Sector recording to the First Trust NASDAQ Cybersecurity ETF (Blue Line).
I expect that Cyberark is going to have a big bound upwards. Your Christian S.
Battery technology stock poised to move out...Livent Corp. looks like it has completed the b wave of a ongoing Zigzag formation. If the pattern continues, the stock should move up towards the $6.50 range for a hefty nearly fifty percent move.
Zynga, Unfazed by Market Crash, May be Coiling for a BreakoutAt times like this, with the vast majority of stocks below their 200-day simple moving averages (SMA), a name like Zynga stands out.
The video-game developer has consolidated in a key price zone for the last 10 months. It gapped higher on a strong earnings report in early February and then slid along with the rest of the market as coronavirus spread.
But it barely pulled back. ZNGA only closed below its 200-day SMA a handful of times before clawing higher. It made its low on March 17, almost a week before the broader S&P 500. The longer-term chart also seems to be forming a cup-and-handle pattern.
ZNGA was already benefiting from stronger ad revenue before the coronavirus correction. Now it has the added catalyst of users spending more time on their mobile devices as they stay home. Analysts including Cowen and Bank of America have cited this trend in research notes. Oppenheimer also initiated the stock at “outperform” on March 18 with a $7.50 target price.
Traders may want to watch ZNGA around its current levels. The stock had a weekly high of $6.85 on March 10, which was resistance again last Friday. A breakout of this zone, combined with potential steadying in the market, may draw buyers. Given how long it’s consolidated, now could be the time for an upside extension off the 200-day SMA.
Careful of Getting Sucked into Value Traps!One of the biggest questions after a correction like we just had is: What to buy on the rebound? Lots of stocks are trying to bounce, but which are more likely to perform the best?
Longer-term charts can help answer the question. Let’s compare two very different corners of the market: The Nasdaq-100 (QQQ) and the Russell 2000 (IWM).
QQQ barely hit a new 52-week low when the market crashed recently. Its trough of $164.93 matched prices from January 30, 2019.
IWM , on the other hand, fell to its lowest level in more than four years – all the way down to $95.69.
The higher low shows QQQ has more positive investor sentiment.
IWM’s lower low shows just the opposite. Small caps (along with energy) were lagging before the coronavirus. They then fell much more when the market crashed. The moral of the story is that charts work. Never ignore underperformance or a lack of new highs. These simple technical indicators speak volumes about the underlying fundamentals.
Speaking of fundamentals, did you know less than 20 percent of IWM’s portfolio is in the technology sector? It’s overweight industrials, which took a beating when coronavirus shut down the global economy.
QQQ, on the other hand, is officially 44 percent technology. When you include “communication” companies like Alphabet and Facebook , it’s over 50 percent. Throw in Amazon.com (consumer discretionary) and it’s more like 59 percent.
There are two takeaways. First, simple chart patterns like highs and lows tell us a lot about fundamentals. They’re also more fun to read than analyst reports.
Second, just because something’s bouncing a lot doesn’t mean it will keep outperforming. In the case of IWM, the sharp rebound may be little more than a dead-cat bounce.
It might seem counter-intuitive, but often the stocks that fall the least in a correction rise the most after. Disciplined trend followers stick with these patterns to avoid getting sucked into value traps.
The XNTK Tech ETF is in buy territory, as forecast.I expected this EFT to get down to the $70 neighborhood before I'd step up - and it has. Seems to have bounced nicely and is trending upward.
MSFT, 25.3.2020Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
After yesterday's growth today I expect a slight consolidation, the market will gain energy with the help of the FED, and so will have room to rise until the next resistance. This happens after Microsoft teamed up with the WHO to introduce a hackathon about COVID-19. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
AND Chceck my new twitter :)
Tesla Has Pulled Back to Some Key LevelsTesla was one of the biggest movers in late 2019 and early 2020, more than tripling in value on a monster short squeeze. TradeStation highlighted the trend in early December and now it's back on our radar.
TSLA has pulled back to an area where two levels are in play:
First, it probed its 200-day moving average yesterday for the first time since October. ( Click here for the "Distance from MA" script featured on this chart.)
Second, it tested old highs around $385 from 2017 and 2018.
This may create the potential for classic trend following if current levels hold.
There have also been some upgrades this week: Bank of America yesterday and Morgan Stanley today. Both raised it from the equivalent of "sell" to "hold," mostly based on the depth of its recent pullback.
In conclusion, there's still plenty of volatility and uncertainty out there. But TSLA was one of the strongest names before coronavirus hammered the market. Investors hoping to put money to work may want to see if these levels hold in coming sessions.
GOOGL, CAN BE ANY TRADE DONE IN THIS CRAZY TIMES? 10.3.2020Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
As you can see, our zones work beautifully despite being in a time of fear and pessimism. In the short term, any speculation is very risky. Focus on longer periods of 6 months or more. If you want to risk and trade in this highly volatile period, then we can get to 1000 USD in the event of further rinsing. But remember every short position is very risky. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
Is Alibaba Immune to Coronavirus? RS Suggests It May BeRelative Strength shows when a stock is outperforming peers. It can be very useful when the market corrects, like we saw last week. Crisis often turns into opportunity once the dust settles.
One of the biggest surprises from RS recently is the strength in Chinese names. Despite coronavirus originating on the Mainland, many of the country's big liquid stocks have corrected less than the broader market.
Alibaba is a case in point. When the S&P 500 and Nasdaq-100 were crashing down toward their 200-day simple moving averages (SMA) last week, BABA didn't even come close to dropping that much. That's a classic sign of relative strength.
The e-commerce giant broke out of a long basing pattern in late 2019 and quickly surged to new highs. It then consolidated in price, and now is completing an ABC flat pattern, or double bottom. Its swings have also been much tamer than the rest of the market.
Another positive last Friday was the slight undercut of January's support around $199.50. When a stock undercuts support it often takes out obvious stops and shakes out the weak hands. The result is a false breakdown.
Traders looking for an entry in BABA may want to look for a breakout above the 21-day and 50-day SMAs, which are slightly above the current price range.
Uber Is About to Have a Golden CrossRide-sharing company Uber Technologies has had bad times and good times since its IPO last May. First, it had to cut its offer price. Then it fell all the way down to the mid-20s as investors worried about its profitability and sprawling operations.
But one by one, CEO Dara Khosrowshahi has moved to address those issues. He's exited non-core businesses and focused on making money. As a result, UBER was able to move forward its profitability goal the last time it reported earnings on February 6.
The stock gapped higher at the time, but then coronavirus came along and smashed it down to where it began 2020.
Meanwhile, enough time has passed for UBER's 200-day simple moving average (SMA) to appear. And guess what? Its 50-day SMA is about to rise up through the 200-day SMA. A "Golden Cross," could potentially occur in the next 1-2 sessions.
Another pattern on the chart is a tight ascending triangle since last Thursday. UBER's made incrementally higher lows while pushing against resistance at $34. That could be a potential trigger level for traders looking to hail a ride on the stock.
Nvidia Perching on Big Outside CandleNvidia is one the biggest gainers in the S&P 500 over the past year, trailing only Advanced Micro Devices among the semiconductors. Now the coronavirus pullback may be providing an opportunity for momentum buyers.
NVDA's chart has a few interesting patterns.
First, it never closed below its 50-day simple moving average (SMA) amid last week's intense volatility. That places it among only a handful of stocks in the current market that remained above that level.
Second, it's held a rising trend line that began in August.
Third, NVDA formed a bullish engulfing candle on Friday. It's now holding support at the top of that candle.
Finally, stochastics are near oversold conditions. This oscillator has successfully marked turns for NVDA in the past.
The company's last earnings report on February 13 beat estimates across the board. Investors were especially impressed by NVDA's growth in AI/machine-learning chips. Analysts followed with a stream of positive notes, price target hikes and upgrades. The firms include Bernstein, RBC Capital, Evercore ISI, Cowen and Jefferies.
Microsoft at the 50-day SMAYesterday we focused on Alphabet at the 50-day simple moving average. Today, we'll look at Microsoft.
MSFT has risen steadily since breaking out of a high basing pattern in October. Monday's crash brought it back down to a near-term peak around $168 in mid-January. It also tested the 50-day moving average for the first time in four months.
MSFT is obviously a huge member of the indexes, so has some broader correlation risk. However it's different from other tech stocks like Apple and the semiconductors that have major China exposure.
The software giant's fundamentals have also been very strong lately as businesses like Azure keep getting bigger.
Like GOOGL, MSFT is a classic mega-cap growth stock with a dominant position in the market and the U.S. economy. Buying a market-based (not company based) pullback like this is classic trend-following.
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’s blatantly obvious Dark Cloud CoverHave you seen it?
It’s on the weekly chart, and all we need is the coming week to be down for a bearish reversal confirmation pattern to complete the DARK CLOUD COVER
Technicals not yet supportive of a bearish trend YET, understandably as candlesticks are the first price indicator to give the heads up. Bearing in mind (pun not intended), that the recent rallies to historical highs are led by technology sector / NASDAQ, this is a leader to watch for the imminent danger.
IF projections are correct, this one can move -15% from current levels to about 8000!!!
So Heads Up!
IBM: From Boring to Soaring?International Business Machines has been a boring stock for years, and is still well below its highs from early 2013. But that's been changing in the last month.
First came a strong earnings report on January 21. Profit and revenue both beat estimates, but the real story was strong growth in cloud computing. That suggested IBM is finally moving beyond its legacy mainframe business and into the 21st century.
The story got even bigger on January 30 when cloud chief Arvind Krishna became CEO of the entire company (replacing Ginni Rometty). IBM quickly ripped all the way to a new 52-week high and then paused to digest its gains.
A "Golden Cross" formed as it rested, with the 50-day simple moving average (SMA) rising above the 200-day SMA. IBM also held support near last year's peak around $150.
This gives buyers a potential risk-management zone below the February 18 low.
The other thing to remember is that IBM has much lower multiples than most other big IT and software companies. (A fraction of Microsoft in terms of price/sales or price/earnings.) If it's truly staging a turnaround, analysts and investors could soon talk about the need for higher valuations.
Pinterest Fills the Earnings GapPinterest has been making news this year. First, eMarketer said it surpassed Snap as the third-biggest social-media platform in the U.S. The second headline was a strong earnings report on February 6, featuring beats on the top- and bottom lines.
PINS gapped higher on the results and then pulled back -- as you might expect. But then it kept sliding on the last big news story: Facebook's launch of a competing app.
That was good news for potential buyers because it brought PINS all the way back down to fill the earnings gap.
The next signal came yesterday when PINS formed a bullish outside day/engulfing candle. That potential reversal pattern suggests the short-term bearishness is finished.
We're using an hourly chart here to show how PINS is holding the 100-day simple moving average. This can be a useful indicator for equities when the daily chart lines up. Multi-time frame analysis is in our blood at TradeStation!
SHOP – another off-the-charts MACDShopify has been enjoying a terrific tear, with the MACD entering beyond overbought levels.
But investors don't seem to care, and they continue to buy the dip, even when there's no real dip there to be bought.
