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Content
Signals
All indicators - Medium term
Tesla, Inc.Aug 2, 2021
Visa Inc.Aug 2, 2021
Square, Inc. Class AAug 2, 2021
General Electric CompaAug 2, 2021
Abbott LaboratoriesAug 2, 2021

The market showed a flat development and Nasdaq Combined Composite Index (COMPX) ended the day at 14681 points (+0.06 percent).

3700 shares were up and 3841 were down, while 341 remained unchanged, and there was no trading in 322 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 492.1 billion.

Square, Inc. Class A (SQ) closed at 272 dollar after posting a gain of 10.16 percent. The stock has never gained more in one day since Mar 9, when it was up 11.50 percent. The stock triggered a buy signal by the break up through the resistance at 266 dollar in rectangle formation. A further increase to 366 dollar within nine months is indicated. It was also high volume. Overall it was traded for 12456 millions dollar in the stock, which is seven times as much as normal daily turnover.
Pfizer, Inc. (PFE) was up 2.69 percent to close at 43.96 dollar. The stock has not closed at a higher price since Jul 2019. The stock has thereby closed up 17 out of the past 23 days. The stock is with that up 4.87 percent after the buy signal from the rectangle formation four days ago.
General Electric Company (GE) closed at 101 dollar after a huge gain of 676.83 percent. The stock has never gained more in one day since we started measuring this Jan 2. 1990. The stock has thereby closed up eight out of the past ten days. The stock is trend wise positive in the medium term and has support at 13.00 dollar.
Global Payments Inc. (GPN) closed at 172 dollar after posting a loss of 11.18 percent. The stock has never lost more in one day since Mar 16. 2020, when it was down 19.17 percent. It was also high volume. Overall it was traded for 1468 millions dollar in the stock, which is five times as much as normal daily turnover. The stock is trend wise positive in the medium term.
BioNTech SE - American Depositary Shares (BNTX) showed a small gain and ended the day at 340 dollar, which is an increase of 3.61 percent. The stock has thereby closed up 12 out of the past 14 days and this past month the stock has gained as much as 51.96 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 200 dollar and a further increase is indicated.

US 500 weakly lower Monday
The market showed a small loss Monday, and S&P 500 (SP500) ended the day at 4387 points, which is a decline of 0.18 percent.

Indices
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has broken up through resistance at points 4200. This predicts a further rise. In case of negative reactions, there will now be support at points 4200. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the medium long term.
Today´s Case
Square, Inc. Class A (SQ) Price 272.38, Aug 2, 2021
chart
Square, Inc. Class A has broken up from an approximate horizontal trend channel in the medium long term. This signals a continued strong development, and the stock now meets support on possible reactions down towards the ceiling of the trend channel. The price has also broken through the ceiling at 266 of a rectangle pattern. A decisive break will signal a further rise to 366 or more. The stock is testing resistance at dollar 275. This could give a negative reaction, but an upward breakthrough of dollar 275 means a positive signal. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.52%758.22
ATX0.00%3406.09
CAC400.95%6675.90
COMPX0.06%14681.00
DAX0.16%15569
HEX0.30%13098.00
N1000.92%1293.05
OMXC25GI0.40%2109.17
OMXSPI0.77%992.26
OSEBX0.75%1142.78
PSI200.70%5062.15
TECDAX0.99%3717.94
UKX0.70%7081.72
EURUSD0.06%1.1868
CL (OIL)-3.64%71.26
Indices Evaluations
 SML
AEXpospospos
ATXneutralneutralneutral
CAC40pospospos
COMPXpospospos
DAXneutralnegpos
HEXpospospos
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20negposneg
TECDAXpospospos
UKXneutralneutralneg
EURUSDnegneutralpos
CL (OIL)posneutralpos

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
40% 32% 28%
 3316 Buy Candidates
 2624 Neutral
 2295 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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