NYSE Archives - Page 5 of 10

March 28, 2022March 29, 2022

Apple To Hit A New All-Time High

Apple hit a new all-time high of $182.93 on the 4th of January, 2022. Long-term Apple investors were able to benefit substantially from the new all-time high. The rally to the all-time high could not be sustained for long as the price of $AAPL slumped to a support level at $150.80. This could have been a result of the ongoing war between Russia and Ukraine; or the increase in inflation rate in the US. Over the last decade, $AAPL share price has been on a bullish run with few price corrections. Late into January and the whole of February 2022, there was a correction in Apple’s share price but this dip did not terminate the bullish streak.

Since mid-March 2022, the $AAPL bulls began to push price higher after an inverted hammer was formed on the 14th of March, 2022. The price of $AAPL closed at $149.66 on the day the inverted hammer was formed. The second and third week of March 2022 have shown that the bulls are about to push the price to a new all-time high in the next quarter. On the week of the 26th of March, $AAPL closed at $174.72, which was over a $25 increase in the price of Apple shares. This recent bullish trend is giving investors confidence in Apple as they hope that the price continues its rally.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here.

March 11, 2022March 11, 2022

ExxonMobil Reaches New High Since 2016

Any investor who bought Exxon Mobil shares in November 2020, which at the time was $31.07, would have recorded a continuous gain because the $XOM share price has been bullish since the 2020 global lockdown was eased. This bullish run that began towards the end of 2020 was activated by the double bottom in March 2020 and November 2020.

The share price of ExxonMobil didn’t make any significant movement in the year 2021 as prices range for most of the year between $52.14 and $66.09. Exxon Mobil’s share price opened for the month of March 2022 at $78. But the share price shot up to $91 on the 8th of March 2022. This spike is a result of crude oil prices reaching a new high of $130 per barrel.

After the price of Exxon Mobil reached $91, which is the highest since 2016, a gap down occurred and the gap down is yet to be filled. Just yesterday (March 10, 2022), crude oil price dropped 12% as the price fell from $123 per barrel to $108 per barrel. This recent spike in Exxon Mobil’s share price might continue if the crude oil price finds its bullish momentum and continues its rally. RSI has indicated overbought positions at two different times between January and March. In the coming months, a dip to $60 might occur.

March 9, 2022March 11, 2022

Netflix Share Price Continue To Nosedive

Netflix had its IPO in May 2002 at $1.15 per share. In the first few months of going public, the share price went as low as $0.35. The share price ranged for about seven years with a resistance level of $5.80. The price broke the resistance line in 2009 to reach a new high of $43. From a fundamental analysis standpoint, this breakout was partly due to the positive comments coming from their business model change from DVD to streaming.

In the latter part of 2011 after the price reached $43, the share price saw a dramatic slump to $8. It dipped even further in 2012 to $7. However, the candlesticks in the last three months of the year 2012 all closed bullish which for the investors, was a silver lining in the dark clouds. As the year 2013 began, this bullish momentum exploded and the price rallied over the years to an all-time high of $700 in November 2021. This bullish trend was a marathon with few corrections that ran for nearly a decade (from 2012 to 2021). Every Netflix investor smiled to the bank during this period.

However, since the month of the all-time high in 2021, all candlesticks on the monthly chart have closed bearish. As of March 8, 2022, Netflix had lost more than 50% of its all-time high value. In August 2021, we forecasted a fall in the value of $NFLX to $409. Price fell beyond this expected price level. On the weekly chart, RSI has indicated that the price has been oversold since January 2022. This might be an indication that the price could rally in the coming months from its current value of $341 above $615.

March 1, 2022March 1, 2022

Etsy Dips To A New Low

Etsy is an American Vintage e-commerce company focused on handmade and vintage items and craft supplies. Etsy was founded 16 years ago and went public about 7 years ago at $16. On the day of the IPO, the share price rose by 72%. After 9 months of its launch on the stock exchange, it took a bearish turn and hit an all-time low at $6.04.

From January 2016, $ETSY share price took off in the bullish wave. In November 2021, Etsy’s price reached a new all-time high at $308.96. That high reflected on the RSI as an “overbought” indication. Following that all-time high, the share price fell and so far, the share price has lost 65% of the price of the all-time in November 2021. The most recent price dip did not indicate oversold on the RSI despite the 65% fall in price. The crisis between Russia and Ukraine has not really affected the US stocks as $ETSY has been appreciating from the new low at $108.53 for the past two weeks. This appreciation could lead to a long-term rally that could see $ETSY gaining 100 points.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks and commodities in your portfolio? Schedule a meeting with us here.

February 17, 2022February 17, 2022

Fastly Loses Big

Fastly is an American cloud computing services provider, which is designed to help developers extend their core cloud infrastructure to the edge of the network, closer to users. The stock had its IPO in the spring of 2019. After surging in its debut and eventually doubling from its IPO price in the early fall, shares went down over 35% from their highs in the fourth quarter, putting many post-IPO investors in the red. $FSLY stock started trading at $21 per share. Fastly said it had sold 11.25 million shares at $21 each, raising $180 million. Fastly investors are back to the initial stage.

Before the current downturn of Fastly, the IPO investors made over 6x since its IPO. The all-time high of Fastly was in October 2020 at $136.45. The price of Fastly is currently trading at $20.27, a few points below the IPO price of $21.50. At the beginning of this week, $FSLY opening price was $27.70. Fastly has lost over 27% of its value from the beginning of the week. Until certain measures are taken before $FSLY share price could rally, though a gap-down has occurred which might be filled soon. Since the January 2021 monthly candlestick finished with a bullish one, only June and October monthly candlesticks finished on a bullish note, all other ones have been bearish.

February 7, 2022February 7, 2022

Meta Share Slumps, The Worst Day Fall For Any Stock

The Facebook parent company, Meta Platform Inc plunged 26% last week Thursday after the release of poor earnings results. About $251.3 billion in market value was wiped out, making it the biggest daily loss for any U.S. company ever. As a result of this fall, Mark Zuckerberg lost over $30 billion. This massive fall of Meta made other tech stocks fall, the likes of Twitter, Snap, and Pinterest.

In the year 2021, the opening price of Meta was $274.79 and closed at $332.46. The appreciation in price put smiles on the faces of investors. Now, the reverse is the case this year. The opening price of the Meta stock was $338.26 but now the price is at $237.01, which is a 30% loss from the year’s opening price. Long-term investors have nothing to fear about the most recent dip in the price of Meta. In the coming weeks, the price could rally to $381, which will eventually lead to a new all-time high. There was a gap down when the market opened last week Thursday as a result of the earnings report. On Friday, Meta’s loss increased because of the continued bearish turn, but at the end of the trading day, there was a rally that formed a Doji. RSI using the daily time frame shows that price has been oversold, which could lead to a possible reversal.

January 27, 2022January 28, 2022

Microsoft Appreciates After Earnings Report

Microsoft reported earnings beat analyst expectations. The earnings per share came in above what analysts had forecast, rising 22.2% year over year. Revenue also surpassed analyst estimates, up 20.1% compared to the same quarter one year ago. Microsoft’s opening price at the beginning of 2022 was $335.87. The price has since fallen to $296.71, making it the worst monthly fall ever. That is an 11% decline since the beginning of the year.

Furthermore , the company’s shares fell as much as 5% in post-market trading on Wednesday. Over the past year, Microsoft’s shares have made a return of 26.7%. The share price of $MSFT reached an all-time high at $349.69 in November 2021. Before the global market tanked a few days ago, the price had been ranging since that all-time was reached. The price of $MSFT reached $276.02 on the 24th of this month before a price correction. The last time price of Microsoft was at the $276.02 level per share was back in July.

The 15mins time frame is showing that an inverted head and should pattern is about to form, which, in the long run, leads to a massive bullish run. In the next few days, the price should fall to complete the head and shoulder. If this is completed, the price could reach $339.98. The market opened yesterday after a gap-up but closed on a bearish note. The global market has been very bad this week. The next rally might just be what investors have been waiting for since the holidays are over. The RSI daily chart already shows that the price has been oversold. This could be the indication the bulls are expecting.

January 17, 2022January 17, 2022

Virgin Galactic’s Price Falls To IPO, Loses Big

Virgin Galactic is an American spaceflight company founded by the Billionaire, Richard Branson with its headquarter in California, USA and operates from New Mexico. The company is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists. It had its IPO in the NYSE in September 2017 with the price at $10.15. The price was stable till October 2019, when the price fell a bit to $6.98. This price correction led to a huge rally in price to the all-time high before the global lockdown at $42,64. During the lockdown, the price fell to $9.18 which was about an 80% loss in value, the price recovery moved the price to $63.25.

On 11 July 2021, Branson and three other employees rode on a flight as passengers, making them the first to travel on his own ship into outer space (according to the NASA definition of outer space beginning at 50 miles above the Earth). Since this event, $SPCE has lost about 50% in value. The share price was expected to rally, but the price continued to fall since the first flight.

Regular paid passenger service flights have been scheduled to begin this year 2022 after two more test flights have been completed. The share price has fallen from the all-time high at $62.50 to $10.14, which is approximately an 84% loss. The current price is at $10.14 which is very close to the pandemic lowest price was at $9.05. The share price might rally as $SPCE prepares passengers flights this year. The rally might reach $43.49, which is about 3X of the current price at $10.14. On the weekly chart, price is still at the lower region of the Bollinger bands and RSI gives no indication of the price being oversold. On the other hand, the Daily chart has multiple indications that the price has been oversold.

Some of these ideas are in our clients’ portfolios. To understand which ones can work for you or for help to invest for your own wealth, talk to our advisors at FM Capital Group. Would you like more information on Investment Advisory, Portfolio Services, and VC? Schedule a meeting with us here.

January 13, 2022January 14, 2022

Microsoft Bounces From The Year’s Support

After the all-time high of Microsoft was reached on the 22nd of November, 2021, the price has continued to drop from the highest close on the 28th of December 2021 at $343.00. From the trendline drawn from the all-time high in 2021, the price is yet to break it to the upside. Microsoft investors have little or nothing to worry about, as the price has appreciated in the last two decades.

Just recently, Microsoft hired a top Apple Engineer, Mike Filippo, to work on custom chips as it looks to expand its own server-chips efforts, according to people with knowledge of the matter. Filippo’s exit is a huge loss to Apple after he has served as a top designer of semiconductors at ARM for a decade. Microsoft’s 2022 opening price was $335.24. The $MSFT bulls have failed to show up since the holidays were over. Price keeps falling as low as $304.78 on the 10th of January, 2022, making it the year’s support level. A gap-up occurred yesterday from $315.06 to $319.57. This might lead to price recovery as our analysts look forward to the price of Microsoft reaching $341.48.

There is no indication of price reaching a new all-time high as we look forward to receiving the earning report of Microsoft on the 25th of January 2022. On the daily chart, RSI shows the price is overbought while on the 1hr chart price is currently oversold. The hire of Filippo might boost the share price of Microsoft in the coming weeks. The trendline 01 on the chart shows that price is on a bull trend despite the bad start in 2022. RSI though shows price is overbought on the chart.

January 5, 2022January 5, 2022

Apple Market Cap Hits $3Trilliion

Apple becomes the first company in America to reach the new milestone of $3Trillion Market Cap. The technology company has done tremendously since the pandemic. The pandemic lowest price was $53.32. The current price stands at $179.70 which is a day after the all-time high at $182.93 was reached. Therefore, investors have gained about 3x since the pandemic low. Since Tim Cook became the CEO of Apple on the 24th of August 2011, there has been a massive rally in the share price of Apple. He has been able to achieve about 10X in the last decade. The market cap has jumped from $340billion to $3Trillion. Apple investors have been enjoying a jolly ride due to good leadership.

In December 2021, our analysts concluded that the price of $AAPL should reach a new all-time high, which might eventually take the market cap to $3Trillion as a result of continuous profit-making. Going forward, a correction might occur which leads to the market cap dropping from $3Trillion. Apple’s share price might drop about 18% in the coming weeks, which might eventually bring the share price down to $149.07, a level below the September 2021 all-time high of $157.55. Since the latter months of 2019, the price of Apple has been overbought multiple times, as the price only had a few corrections. Meanwhile, there is no indication of price reversals.