STOCKS Archives - Page 9 of 13

December 1, 2021December 3, 2021

Zoom’s Share Price Falls Further

Zoom’s investors had a good return in 2020 after the price opened at $67.23 to reach an all-time high of $588.21, which is over 8X. During the lockdown, many meetings and conferences were held virtually as Zoom was the favorite of many organizations. However, 2021 is the worst year for $ZM investors since its IPO in 2019. The opening price for Zoom this year was $337.07. As offices began to open due to the mass vaccination of people in different countries across the globe, the price of Zoom began to fall. The hope that showed in July 2021 as a result of the monthly candlestick was dashed away when all gains were lost in August 2021.

The current share price of Zoom is at $218.79 which shows that Zoom investors have lost 35% from the opening price of this year. A breakout to the downside has occurred from the August 2020 support level at $233.23. Is this going to be a continuous downtrend? The next few weekly candlesticks will determine the next direction. The share price of Zoom is currently at the lowest since June 2020 at $211.41. There are tendencies that the share price of Zoom might rise to $400 as many countries begin to lock their borders due to the new cases of the Omicron variant of the coronavirus. As countries begin to lock borders, this might eventually affect the workspace. Companies might fall back to the remote ways which worked during the lockdown.

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November 30, 2021December 2, 2021

Twitter Has Lost All Its 2021 Gains

Twitter’s opening price at the beginning of 2021 was $54.22. Later in the first month of the year, the price fell to the lowest level in the year at $45.59. After the price fall to $45.59, the price rallied in February 2021 to reach an all-time high at $81.09. Since the all-time high was reached, prices began to go lower. There have been lower lows and lower highs, which has resulted in huge losses as all the $TWTR gains of 2021 have been lost. Twitter is currently at a -16% loss from the opening price of the year.

After Thanksgiving Day, the market opened at $46.54 and closed at $47.10. But on the 29th of November 2021, the price had a gap up from $51.84 which showed a bit of hope until Jack Dorsey announced his resignation as the CEO of Twitter. The share price of $TWTR closed at $45.78 yesterday after Parag Agrawal was announced as the new CEO of Twitter. Price is currently around the year’s support level at $45.59. RSI is currently at the oversold position even after the price is around the support level.

The gap up at the opening of yesterday’s share price for Twitter made the price reach the upper region of the Bollinger Bands, but the price crossed lower to the lower region of the bands at the close of the market. There may be a call for the bulls as a new CEO is appointed. A few Indian-American CEOs have emerged as the CEOs of American Tech Companies, and their share prices have been doing excellently. As the Twitter bulls become more active, the price might reach $66 in the coming weeks.

November 27, 2021November 30, 2021

SPX Had A Price Correction

S&P 500’s opening price in 2021 was $3699.90. Price has been appreciating leading to different all-time highs. The SPX has done so well with return for investors as each month since the beginning of this year, there have been new all-time highs reached. The latest all-time high was reached at $4,745.40. This week has been very bad for $SPX has the price fell to $4,594.61 from the weekly opening price of $4711.61. Many stocks’ prices fell during the week as a result of the new variant of coronavirus discovered in South Africa named ‘Omicron’. A few countries are back to a lockdown to avoid the spread of the various. Countries are beginning to restrict movement to and from South Africa. As of July 2021, there are four dominant variants of the Coronavirus.

On the weekly chart, the $SPX closed this week with a bearish candlestick. Looking at the 2020 chart of $SPX, especially before the spike in the cases of Covid-19 globally, the then all-time high in February 2020 was at $3384.11, the price fell to $2210.48 in March 2020. Since the lockdown, the price has been appreciating as price doubled since the lockdown has been eased. The support level at the second half of this year is maintained at $4284.31. The weekly charts show the candlesticks are still in the upper region of the Bollinger bands despite RSI showing that the price has been overbought. The bulls are still very active despite the correction this week. The price of $SPX might appreciate in the next few weeks, which might lead to a new all-time high above $4,800.

November 22, 2021November 22, 2021

The Next Bullish Run of Disney

The Disney share price is one of few stocks that has lasted over 50years and still brings returns to its investors. There was a setback to the Disney price in December 2019 after the price reached a new all-time high then at $154.16. Disney lost about 50% of its share value between December 2019 and March 2020, which was a result of the pandemic, making it the worst price dip since its IPO. After lockdowns were eased across the world, price began to appreciate. The price appreciation broke out the then resistance level at $154.16 to a new all-time high at $203.12 in March 2021. Since the worst fall of Disney during the 2020 pandemic, $DIS has appreciated almost 2X of its return.

In the last month of 2020, the price broke out of the resistance level at $154.16 which led to the price reaching the new all-time high at $203.12. Since the all-time high was reached, the $DIS share price has lost about 31% of its value. In this month alone, $DIS has lost about 15% of its value. Should investors be worried about the price fall? The recent price fall could not break out to the downside of the support level at $154.16. A possible correction around the support level might occur which might eventually push the price of $DIS to $175.72.

October 29, 2021October 29, 2021

Facebook Changes Name, Share Price Might Rise

Facebook Inc has been in the middle of a crisis for a while, which has negatively affected the share price since the beginning of September. On the 28th of September, Facebook Inc changed its name to “Meta Platform Inc”. There is a new technology named metaverse, which is termed surround-yourself technology, the CEO is committed to developing the technology, which I believe must be one of the reasons for the name change. The social network name is still called Facebook. Also, the leadership of Facebook Inc remains unchanged.

The metaverse brings the internet to life or is rendered in 3D. Zuckerberg has described it as a “virtual environment” you can go inside of, instead of just looking at it on a screen. People can meet, work and play, using virtual reality headsets, augmented reality glasses, smartphone apps, or other devices. It has been said that Facebook will spend $10billion this year on the new technology. RSI has shown two oversold positions in September and October on the 4hour chart, after the dip in September. An upward breakout of the trendline occurred this October before the dip continued to reach new support at $308.17. The price movement shows the bulls broke the trendline again. With the introduction of the metaverse, Facebook might begin a major bullish movement back to the all-time high at $384.33

The Daily chart shows it clearly that all profits made in the second half of this year have been lost as a result of the recent dip in September. Yesterday ended a bullish note as the Facebook name was changed to Meta.

October 27, 2021October 27, 2021

Tesla Share Price Reaches An All-time High

The American electric vehicle and clean energy company, Tesla surged to a $1 trillion valuation yesterday. The last two trading weeks have been bullish for $TSLA as the price broke the previous resistance level at $900 as the price closed at $910 on the week of the 22nd of October, 2021. The market opened this week, the 25th of October with a gap up at $946.71, then the price rallied $1092.07 which makes it an all-time after the last stock split that took place on August 31, 2020. The split was a 5 for 1, meaning for each share of TSLA owned pre-split, the shareholder now owned 5 shares.

Since March 2021, Tesla’s price has maintained a support level at $543.32 after the initial breakout to the upside in November 2020. Price retraced to touch the support level both in March and March 2021, before the most recent bullish movement to the all-time high. On the weekly chart, there are a few gap-ups in the last few days, which indicates a possibility of a reversal of price below $1,000. Price has maintained the upper region of the Bollinger bands since the beginning of the second half of the year.

On the daily chart, the market closed yesterday with a Doji after reaching a new milestone. The price might reverse to close the gap ups, which might reduce the $TSLA share again below $1,000. Price has crossed to the overbought region of the RSI, this indication might lead to a reversal.

October 22, 2021October 22, 2021

Boeing’s Share Price Consolidates

The share price of Boeing opened at $209.91 at the beginning of this year. Price rallied to $272.98 on the 15th of March, 2021, which makes it the highest level $BA reached since the pandemic began. In 2019, Boeing’s share price reached an all-time high at $445.62. After the all-time high was reached, a head and shoulder was formed, which resulted in a dip to the lowest level at $90.29, which was during the pandemic. The current price of Boeing is at $214.34, which is almost falling to the year’s opening price at $209.91.

RSI showed that the price has been oversold in July 2021 at the support level of $205.50. After the dip in July, a rally occurred temporarily, the price has been consolidating around the support level since the second half of this year. The price of $BA has not really favored investors in this month of October as the price has been falling continuously. Consolidation of price is around $214.34 which could lead to the next rally towards $230. As countries across the world increase the administration of vaccines, there might be a huge rally, which is as a result of an increase in international flights globally, which might break the resistance level at $240.08 to the upside.

October 5, 2021October 5, 2021

Facebook Share Price Broke The Support Level

The Facebook share price has been enjoying a smooth ride as the bulls were able to take the price to an all-time high in September. After the all-time high was reached at $384.33, the price fell to $338.90. For the past 4 trading days, the price has been consolidating around the support level at $338.90, but the unusual happened yesterday as there was an outage. This outage affected the three-platform owned by Mark Zuckerberg i.e. Whatsapp, Facebook, and Instagram for about 6hours. Bloomberg gathered that the global service outage that kept its social media apps offline for much of Monday on a problem with its network configuration, adding that it found no evidence that user data was compromised during the downtime.

The $FB market opens at $335.75 yesterday and the price went as low as $322.25, but the market closed at $326.23. There is a rise in the pre-market price as the price is currently at $328.25. Taking a looking a weekly chart, the price was already overbought on the RSI, the outage only brought about a correction in price. The last 3 trading weeks show the price of $FB has been falling prior to the outage. A gap down occurred at the end of the second trading week in September, price is yet to retrace to the gap down. Also, yesterday’s opening price was after a gap down. Investors should be hopeful, as the price could retrace in the coming weeks to the second, then the first gap down.

The share price of $FB is currently at the lower region of the Bollinger bands. As normalcy is restored to the various platforms owned by Facebook Inc, we hope the price of $FB will begin to rise.

September 29, 2021September 29, 2021

Facebook Share Price Dips

Facebook is an American online and social media and social networking service owned by Facebook Inc. In Facebook’s 17years of launch, the social networking site has about 2.85billion users as of 31st March 2021. $FB’s investors have had a rewarding year as the opening price was at $259.20. The price was able to reach $384.33 this September before a correction began. The correction has pushed the price lower to $340.65 at the close of the market yesterday. After the price reached a new all-time in June 2021 at $341.74, $FB share price has continued to rally. The new support level is around $341. The bears were able to push the price lower in July, but it was a fake-out of support at $341.

Despite RSI showing that the price has been overbought at three different times on the 4hr chart, there was an oversold indication in the past few days. The candlesticks still maintain the lower region of the Bollinger bands. There are tendencies the bulls might become very active soon, thereby appreciating the price of $FB. Since the acquisition of Whatsapp in 2014, Facebook has increased its price by a 5X growth rate. Also, price appreciated furthermore after the dark mode was launched on mobile devices. The share price might be boosted as Facebook expands the metaverse initiative with $50million.

September 14, 2021September 14, 2021

FedEx is currently on a downtrend

This year started well for FEDEX investors as prices rallied from $260.01 to $320.57. A ‘head and shoulder’ was formed between January and February of this year before the bull run to the all-time high was reached. Another indication was shown in January as there were two oversold spots, which later led to the bull run to the all-time high at $320.57. After the all-time high was reached, the price reversed to the downside, to reach $255.20, which was the next support level. There was little price movement in the share price of $FDX in 2019 at prices ranged between $139 and $199. The investors must have had a huge relief as the share price of FEDEX began to go to the upside, which eventually pushed the price to the previous all-time high in 2018 at $274.49.

The earning reports for FDX will be released in about a week. As FedEx, Salesforce Collaborate On E-Commerce, Supply Chain Management (yahoo.com), this might lead to the next bull run of $FDX. Just as this writer doubts the next bull run, FedEx (FDX) Earnings Expected to Grow: Should You Buy? (entrepreneur.com). We are anticipating a bull run as the earnings report is released on the 21st of September, 2021. $FDX has been on a losing streak in the past few weeks. The second half of this year has not been favorable for $FDX investors as there has been a huge sell-off. The next bull run of $FDX might push the price to a new all-time high above $320.57.