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Amazon declines alongside the upward correctional trend line - Analysis - 01-05-2023
Amazon's stock (AMZN) fell in the intraday levels despite strong quarterly results, however the company expects a slowdown in growth of the cloud computing services, with the stock spiking 3.98% in the last session, or 4.37 points, the worst one-day loss since early February, and settling at 105.45, with trading volumes surpassing 130.7 million shares, above 10-day averages of 77 million shares.
Technically, the stock is trying to gather momentum to rise anew while venting off overbought saturation in the RSI with negative signals out of them, while trading alongside the upward correctional short-term trend line, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 114.00, provided the support of 97.70 holds on.
Expected trend for today: Bullish
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ExxonMobil emits more positive signals - Analysis - 01-05-2023
ExxonMobil Corporation's stock (XOM) rose in the intraday levels after marking a record , as the company reported record profits in the first quarter, sending the stock 1.29% higher in the last session, or 1.51 points, and settling at 118.34, with trading volumes surpassing 24 million shares, above 10-day averages of 15.6 million shares.
MoreSnap gives in to negative pressure - Analysis - 01-05-2023
Snap's stock skidded in the intraday levels, piercing the upward correctional short-term trend line, while touching the resistance of the 50-day SMA, as it marks a heavy loss of 17.05% in the last session, or 1.79 points, and settling a 8.71.
MoreJohnson & Johnson tries to regain footing - Analysis - 01-05-2023
Johnson & Johnson's stock (JNJ) rose in the intraday levels, marking a profit of 0.43% in the last session, or 70 cents, and settling at 163.70, with trading volumes surpassing 6 million shares, below 10-day averages of 7.4 million shares, and amid the dominance of the upward correctional short-term wave, with positive pressure from the 50-day SMA, while the RSI reached oversold levels.
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