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Content
Signals
All indicators - Medium term
MicrosoftApr 19, 2024
Meta Platforms AApr 19, 2024
BroadcomApr 19, 2024
UnitedHealth GroupApr 19, 2024
Eli LillyApr 19, 2024

The market showed a negative development Friday, and Nasdaq Combined Composite Index ended the day at 15282 points, which is a decline of 2.0 percent. The week as a whole showed a loss of 5.5 percent. The index has now closed down for the sixth day in a row.

4147 shares were up and 2876 were down, while 333 remained unchanged, and there was no trading in 177 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 697.4 billion.

NVIDIA ended with a steep loss of 10.0 percent and closed at 762 dollar. The stock has never lost more in one day since Mar 16. 2020, when it was down 18.5 percent. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Powershares QQQ fell sharply to close at 415 dollar, down 2.1 percent. The stock has never lost more in one day since Oct 25. 2023, when it was down 2.4 percent. This past week the stock has lost as much as 5.4 percent. The stock is trend wise positive in the medium term.
Super Micro Computer fell sharply to close at 714 dollar, down 23.1 percent. The previous time the stock lost this much was Aug 9. 2023, when it closed down 23.4 percent. The volume was also high. At session end it was bought and sold shares for about 12302 million dollar in the stock, which equals three times mean daily turnover. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Broadcom developed negatively and fell 4.3 percent to a close of 1205 dollar. The stock has not closed at a lower price since Feb 1. This past week the stock has lost as much as 10.4 percent. The stock triggered a sell signal by the break down through the support at 1236 dollar in double top formation. A further drop to 1089 dollar within three months is indicated.
Netflix fell sharply to close at 555 dollar, down 9.1 percent. We must go back to Apr 20. 2022 to find an equally steep drop. That time the stock lost 35.1 percent. The volume was also high. At session end it was bought and sold shares for about 9130 million dollar in the stock, which equals six times mean daily turnover. Nor does it look good technically. The stock is assessed as technically negative for the medium long term.

US 500 falls for the sixth day in a row
The market showed a negative development Friday, and S&P 500 ended the day at 4967 points, which is a decline of 0.9 percent. The week as a whole showed a loss of 3.0 percent. The index has now closed down for the sixth day in a row.

Indices
S&P 500
arrow green   Weak Positive Candidate
S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 4600 and resistance at points 5250. The short term momentum of the index is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for S&P 500. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly positive for the medium long term.
Today´s Case
FTI Consulting (FCN) Price 211.25, Apr 19, 2024
chart
FTI Consulting shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has built a double bottom formation and given signal of further rise to 216. On reactions back, there is now support at 210. The stock has support at dollar 203 and resistance at dollar 230. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.62%860.01
CAC40-0.01%8022.41
COMPX-2.05%15282.00
DAX-0.56%17737
HEX0.71%9837.57
N100-0.33%1495.86
OMXC25GI0.68%2182.04
OMXSPI-0.57%936.75
OSEBX-0.10%1341.22
PSI20-0.51%6295.12
TECDAX-0.74%3187.20
BUK100P0.19%788.44
EURUSD-0.16%1.0600
CL (OIL)0.50%83.14
Indices Evaluations
 SML
AEXpospospos
CAC40posneutralpos
COMPXpospospos
DAXpospospos
HEXneutralneutralneg
N100posneutralpos
OMXC25GIneutralneutralneutral
OMXSPIneutralpospos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralneg
BUK100Pneutralpospos
EURUSDnegnegneg
CL (OIL)posposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
32% 35% 33%
 2385 Buy Candidates
 2670 Neutral
 2514 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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