All articles tagged with #technical indicators
Originally Published 3 months ago — by Investing.com
Bank of America warns that the ongoing gold rally, which has seen prices approach $4,000 per ounce, may be losing steam due to technical signals indicating exhaustion, despite the potential for further gains in the coming years.
Originally Published 1 year ago — by AMBCrypto News
Shiba Inu (SHIB) shows a more bullish short-term outlook compared to Pepe (PEPE) for July, with stronger technical indicators and on-chain metrics. While PEPE faces resistance and weakening demand, SHIB benefits from upward momentum and higher daily active addresses, suggesting better market performance.
Originally Published 1 year ago — by U.Today
XRP has reached its lowest volatility level in 2024, breaking below key moving averages and indicating a bearish trend. The asset is trading near $0.5146, with a descending triangle pattern and declining volume suggesting a lack of investor interest. The RSI is near the oversold area, hinting at a potential buying opportunity, but broader market conditions remain volatile and unpredictable.
Originally Published 1 year ago — by AMBCrypto News
Binance Coin (BNB) is currently trading within a descending triangle, with its price at $593.11 after a recent 3% dip. Key momentum indicators show a balance between buyers and sellers, suggesting market consolidation. However, bullish signals such as the Chaikin Money Flow and Parabolic SAR indicate potential for a short-term price surge if buying pressure increases.
Originally Published 1 year ago — by Yahoo Finance
United Airlines' stock soared by 12% following an impressive first-quarter earnings report, surpassing market expectations with revenue of $12.5 billion and an adjusted quarterly loss of 15 cents per share. Despite technical red flags such as bearish trends and oversold conditions, the company's strategic moves, including reaffirming full-year 2024 earnings expectations and announcing aircraft orders, demonstrate confidence in future performance. Investors are advised to closely monitor the stock's price movements amidst prevailing market dynamics.
Originally Published 1 year ago — by AMBCrypto News
Solana (SOL) has experienced a significant 20% drop in value over the past seven days, with its price sinking below a crucial support level. Despite bearish sentiment and high social volume, some technical indicators have turned bullish, hinting at a possible trend reversal. However, concerns remain as the token's price may further decline, with potential support levels at $130 and $120. Additionally, the derivatives market has shown some bullish signs, with a decline in open interest and funding rate.
Originally Published 1 year ago — by AMBCrypto News
Technical indicators suggest that Polygon's governance token, MATIC, may experience a further price decline following a recent double-digit drop. Readings from key indicators, including MACD, DMI, Aroon Up Line, and Chaikin Money Flow, indicate significant selling activity and a bearish trend, with the possibility of decreased demand and a potential price decrease for MATIC in the near future.
Originally Published 1 year ago — by AMBCrypto News
Dogecoin's price has surged by 20% in the last week, but increasing market volatility may lead to potential short-term price swings. Technical indicators such as Bollinger Bands and Average True Range suggest a widening gap and rising volatility, with trading volume reaching a weekly high. However, bullish sentiments still prevail according to the Directional Movement Index and Moving Average Convergence/Divergence indicators, indicating a stronger bullish trend despite the potential for price fluctuations.
Originally Published 1 year ago — by AMBCrypto News
Despite a general market uptick, XRP has failed to rally significantly, with its price increasing by just 1% in the past week. Technical indicators suggest a potential further decline in its value, as XRP's price rests below its Parabolic SAR indicator and its MACD line is below the signal line, confirming a bearish trend. The selling activity has outpaced accumulation, and the Futures Open Interest has fallen slightly, indicating that traders have been exiting the market to prevent losses.
Originally Published 2 years ago — by FX Empire
Natural gas pulled back from last week's high, testing support at the uptrend line, with a minor bullish indication. Demand picked up intraday, leading to a bounce to test resistance. Volatility is muted due to a U.S. bank holiday, with a possible doji close. A potential bearish double top reversal pattern has formed, with strong support expected at the 200-Day MA or higher. Despite some retracement, bullish indicators suggest natural gas may be ready to test recent highs after a period of consolidation.
Originally Published 2 years ago — by MarketWatch
The U.S. stock market experienced its biggest drop in months, prompting bulls to view it as a necessary pause for a stretched market, while bears argue that the rally was built on shaky foundations. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw significant declines after a prolonged rally, leaving major indexes overbought according to technical indicators. Despite the pullback, some analysts remain bullish in the long term, while others expect further weakness and potential downside in the coming weeks.
Originally Published 2 years ago — by Investor's Business Daily
Nvidia stock is showing signs of consolidation and may have reached its peak, according to expert technician John Bollinger. He suggests that Intel, a Dow Jones component, could provide more immediate returns in the semiconductor sector. Bollinger sees Intel as an underdog with substantial upside potential, comparing it to IBM. While there are macro pitfalls to watch for in both Intel and Nvidia stock, Bollinger remains optimistic about Intel's fundamentals and its ability to build fabs quickly. However, IBD's stock analysis indicates that Intel is currently extended from a proper buy point.
Originally Published 2 years ago — by CoinDesk
Bitcoin's price has risen over 7% and breached the $30,000 price level, as BlackRock's filing for a spot Bitcoin ETF continues to impact the market. Bitcoin has entered overbought territory, historically a good sign for BTC prices, and is showing several bullish technical indicators. BlackRock's ETF application may serve as a significant pivot event in the crypto market, improving bitcoin's reputational risk and adding a large buyer to the market. The weight of BlackRock's announcement, increased trading volumes, and BTC's tendency to trend when overbought may prove challenging for bearish investors.
Originally Published 2 years ago — by Cryptonews
Amidst the Crypto Markets' huge selling volume, Bitcoin's position has been questioned. Russian Banker Andrey Kostin predicts a shift in global currency dynamics, signaling the decline of the US dollar's dominance. Economist Peter Schiff asserts that the American financial system is bankrupt. Bitcoin is currently priced at $25,777, indicating a 1% increase in the last 24 hours. When examining the technical indicators, both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate oversold conditions, suggesting a potential easing of selling pressure.
Originally Published 2 years ago — by Cryptonews
Bitcoin's recent $8 billion trading volume influx has sparked speculation about the end of its sell-off. Glassnode data shows an unprecedented level of inactivity in Bitcoin's supply, indicating strong hodling behavior amid market volatility. Bitcoin's current price is $26,800, with a potential hurdle at the previous support level of $26,800 and a significant resistance point near $27,500. Technical indicators suggest an oversold market, with a bullish rebound possible if Bitcoin sustains above $26,000. The 50-day EMA establishes a significant resistance point near $27,500, indicating a bearish sentiment.