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

Uber tries to recoup losses - Analysis - 24-05-2022

Economies.com
2022-05-24 12:19PM UTC

Uber's stock rose in the intraday levels, amid positive signals from the RSI, marking a profit of 1.84% in the last session, or 43 cents, and settling at 23.78, with trading volumes surpassing 35.2 million shares, below 10-day averages of 41.7 million shares, as the stock tries to recover some losses, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 21.67.

 

Expected trend for today: Bearish

JPMorgan tries to recoup losses - Analysis - 24-05-2022

Economies.com
2022-05-24 12:21PM UTC

JPMorgan's stock (JPM) surged 6.19% in the last session, or 7.26 points, settling at 124.60, with trading volumes surpassing 24.3 million shares, above 10-day averages of 14.2 million shares.

 

The gains came after the company raised net income forecasts from loans by 12% for the 2022 financial year, to more than $56 billion, as the Fed is expected to hike rates to 3% by the end of the financial year.

 

Technically, the stock is gathering momentum after the support of 115.77 held on, amid attempts to recover some losses, testing the resistance of the downward correctional short-term trend line, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the support of 115.77 anew, provided the resistance of 127.52 holds on.

 

Expected trend for today: Bearish

Zoom suffers from negative pressures - Analysis - 24-05-2022

Economies.com
2022-05-24 12:20PM UTC

Zoom's stock (ZM) slid in the intraday levels, amid the dominance of the main downward short-term trend, with negative pressure from the 50-day SMA, as it vents off oversold saturation in the RSI, while giving up to negative pressure, marking a loss of 0.46% in the last session, or 41 cents, and settling at 89.33, with trading volumes surpassing 11.2 million shares, above 10-day averages of 5.8 million shares.

 

The stock rose after hours of official trading, as it reported profits of $3.70 per share, beating estimates of $3.45, while expecting even more profits this year than initial estimates.

 

Therefore we expect the stock to decline and target the support of 74.36, provided it settles below the resistance of 94.51.

 

Expected trend for today: Bearish

Amgen extends gains - Analysis - 24-05-2022

Economies.com
2022-05-24 12:20PM UTC

Amgen's stock (AMGN) rose 0.62% in the last session, or 1.54 points, settling at 249.04, with trading volumes surpassing 2.2 million shares, below 10-day averages of 3 million shares.

 

The stock is buoyed by trading above the 50-day SMA, while trading alongside the upward short-term correctional line, with positive signals from the RSI despite reaching overbought levels.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 258.39.

 

Expected trend for today: Bullish