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Schlumberger tries to vent off oversold saturation - Analysis - 01-04-2023
Schlumberger's stock (SLB) rose in the intraday levels while venting off oversold saturation in the RSI with positive signals out of them, marking a profit of 2.90% in the last session, or 1.39 points, and settling at 49.35, with trading volumes surpassing 8.6 million shares, below 10-day averages of 9 million shares, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 44.00, provided the resistance of 52.00 holds on.
Expected trend for today: Bearish
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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.
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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.
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