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Death Cross

All articles tagged with #death cross

finance1 year ago

Navigating Apple Stock: Uncertain Outlook, Regulatory Headwinds, and Investor Considerations

Apple stock has formed a "death cross" on its chart as its 50-day moving average crossed below the 200-day moving average, signaling potential further weakness. The stock's bearish features include declining relative strength, volume spikes on down days, and a dismal Accumulation/Distribution Rating. Analysts foresee more challenges for Apple due to waning demand, particularly in China, and modest profit and sales growth expectations. Apple's performance in 2024 has been lackluster, with only Tesla faring worse, and the company's profit outlook remains discouraging.

via Investor's Business Daily|
#apple#death-cross#finance
finance2 years ago

Gold Gains Momentum as US Dollar Weakens and Bulls Push Forward

Gold futures have rallied to their highest prices since August 2020, just eight weeks after a death cross signaled potential weakness. This shift in the market indicates a potential bullish indicator known as a "golden cross," where a short-term moving average surpasses a long-term moving average. The gold-backed SPDR Gold Shares exchange-traded fund is also nearing its golden cross. Despite failing to reach fresh record highs, gold's appeal as a hedge against inflation, economic uncertainty, and geopolitical events, along with strong central bank net purchases, have supported its prices. Traders are now waiting for a confirmed breakout above all-time highs before taking a full position, anticipating a continued bull run for gold.

via MarketWatch|
#bullish-indicator#death-cross#finance
finance2 years ago

Dow Experiences First 'Death Cross' Since March 2022

The Dow Jones Industrial Average experienced its first "death cross" since March 2022, as the 50-day moving average fell below the 200-day moving average. While some analysts view this as a bearish signal, others argue that it could present buying opportunities during bull markets. Historically, the Dow has performed well after a death cross, with an average gain of 8.1% one year later. Despite the Dow closing higher, the S&P 500 and Nasdaq Composite closed lower as investors awaited U.S. inflation data. The Dow is up 3.6% year to date and nearly 20% since its September 2022 low.

via MarketWatch|
#death-cross#dow-jones-industrial-average#finance
finance2 years ago

Stocks Experience "Death Cross" as Dow Closes Higher Amidst Inflation Concerns

The Dow Jones Industrial Average finished slightly higher on Monday, but its 50-day moving average closed below its 200-day moving average, signaling a "death cross" for the first time since March 2022. The S&P 500 and Nasdaq Composite both ended in negative territory. The "death cross" is a widely followed technical indicator used by stock-market analysts. Investors are awaiting an upcoming inflation report for further market direction.

via MarketWatch|
#death-cross#dow-jones#finance
finance2 years ago

"Dow's Impending 'Death Cross': Implications for Stock Market"

The Dow Jones Industrial Average is approaching a "death cross," a technical pattern where the 50-day moving average falls below the 200-day moving average, signaling a potential bearish trend. While some argue that death crosses can present buying opportunities during bull markets, others believe it is only significant if the 200-day moving average is declining when the crossover occurs. The Dow's recent death cross in March 2022 resulted in a 6.4% gain after one month and a 0.5% gain after one year. However, the historical median return after a death cross has been negative 1.1% after one month and 6.92% after one year.

via MarketWatch|
#death-cross#dow-jones-industrial-average#finance
cryptocurrency2 years ago

Bitcoin's Death Cross and Fed's Decision: Implications for BTC Price

Renowned cryptocurrency expert Ali Martinez has warned Bitcoin traders of a potential death cross formation on the Bitcoin daily chart, which could indicate turbulence ahead for the cryptocurrency. Bitcoin's price was hovering at $25,783 at the time of the warning, with Martinez emphasizing that a plunge below the crucial $25,200 support level could confirm a deeper correction. Bitcoin has been trading below its 200-day simple moving average and has experienced only 37% positive trading sessions in the last 30 days. Despite these indicators, Bitcoin maintains a market cap of $502 billion.

via Finbold - Finance in Bold|
#bitcoin#cryptocurrency#death-cross