Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

IBM muscles through negative pressures - Analysis - 22-05-2018

Economies.com
2018-05-22 12:59PM UTC

IBM's stock rose in the intraday levels, scoring a profit of 0.98% in the last session, or 1.41 points, while settling below the resistance of 149.85, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 116.90 to 182.79), with negative pressure from the 50-day SMA, while the Relative Strength Index reached extremely overbought levels compared to the stock's movements. 

 

Therefore we expect the stock to return lower, as long as the resistance of 149.85 holds on, targeting the support of 142.07, which represents the ratio 61.8% of the same retracement levels. 

Amazon readies to tackle pivotal resistance - Analysis - 22-05-2018

Economies.com
2018-05-22 13:05PM UTC

Amazon's stock (AMZN) rose in the intraday levels, scoring a profit of 0.70% in the last session, or 11.09 points, and readying to tackle the pivotal resistance of 1617.54, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while the Relative Strength Index reached extremely oversold levels compared to the stock's movements, hunting at a positive divergence forming in the Stochastic indicator as shown below the attached chart. 

 

Therefore we expect more gains for the stock, especially if the resistance of 1617.54 was breached, targeting the next one at 1782.33. 

Steel exhausts positive chances - Analysis - 22-05-2018

Economies.com
2018-05-22 13:05PM UTC

US Steel Corporation's stock (X) fell in the intraday levels, registering another loss of 3.84% in the last session, or 1.40 points, and trespassing the support of the 50-day SMA, getting exposed to its negative pressure, with negative signals from the RSI, while the stock trades alongside the upward short-term trend line. 

 

Therefore we expect the stock to return higher, provided the support of 31.17 holds on, targeting the resistance of 38.14 anew. 

SiriusXM tries to pierce current resistance - Analysis - 22-05-2018

Economies.com
2018-05-22 13:04PM UTC

Sirius XM Holdings' stock (SIRI) rose in the intraday levels, scoring a profit of 0.43% in the last session, or 0.03 points, amid positive support from the 50-day SMA, with the dominance of the main upward medium-term trend, while the stock tackled the resistance of 7.00. 

 

Therefore we expect more gains for the stock, especially if the resistance of 7.00 was breached, targeting the next one at 7.50.