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Content
Signals
All indicators - Medium term
Tesla IncApr 7, 2020
Facebook IncApr 7, 2020
Aggregate Bond IsharesApr 7, 2020
Comcast CorpApr 7, 2020
ShopifyApr 7, 2020

The market showed a small loss Tuesday, and Nasdaq Combined Composite Index (COMPX) ended the day at 7887 points, which is a decline of 0.33 percent.

3989 shares showed a gain and 2420 showed a loss. 134 shares were unchanged and closed at the same price as the previous day. There was no trading in 1354 shares.

Value of the total volume of shares and primary capital certificates traded Tuesday was approximately 528.4 billion.

Delta Air Lines, Inc. (DAL) moved horizontally and closed at 22.25 dollar (-0.31 percent). The stock has now fallen for the eighth day in a row and this past week the stock has lost as much as 22.01 percent. Nor technically does it look good. The stock is trend wise negative in the medium term, has resistance at 52.00 dollar and a further decline is indicated.
US Oil (USO) crashed and ended the day at 5.09 dollar, which is a drop of 7.12 percent. The stock has thereby closed down 21 out of the past 30 days and this past month the stock has lost as much as 41.70 percent. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 10.90 dollar and a further decline is indicated.
Occidental Petroleum Corp (OXY) was up 2.98 percent to close at 13.84 dollar. The stock has now risen for the fourth day in a row and this past week the stock has gained as much as 19.52 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term, has resistance at 38.00 dollar and a further decline is indicated.
Akers Biosciences Inc (AKER) closed at 5.70 dollar after a gain of 21.54 percent. The stock therby broke above the 5.00 -mark for the first time since Dec 2019. This past week the stock has gained as much as 167 percent. The volume was also very high. At session end it was bought and sold shares for about 200 million dollar in the stock, which equals 12 times mean daily turnover. Technically it also looks good. The stock is assessed as technically positive for the medium long term.
Cypress Semiconductor Corp. (CY) developed positively, and gained 1.67 percent to a close of 23.81 dollar. The stock thereby broke the previous record from Feb 2011 and set a new all time high. The stock has thereby closed up 11 out of the past 14 days and this past month the stock has gained as much as 45.45 percent. It was also high volume. Overall it was traded for 1452 millions dollar in the stock, which is four times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has marginally broken up through the resistance at 23.40 dollar and a further increase is indicated.

Small loss on US 500 Tuesday
The market showed a small loss Tuesday, and S&P 500 (SP500) ended the day at 2659 points, which is a decline of 0.16 percent.

Indices
S&P 500
   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 2240 and resistance at points 2840. The index is assessed as technically slightly positive for the medium long term.
Today´s Case
Cypress Semiconductor Corp. (CY) Price 23.81, Apr 7, 2020
Cypress Semiconductor Corp. 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 a resistance level and given a positive signal for the long-term trading range. The stock has marginally broken up through the resistance at dollar 23.40. An established break predicts a further rise. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the trend break. RSI is above 70 after a good price increase the past weeks. The stock has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.17%500.71
ATX0.00%3406.09
CAC400.10%4442.75
COMPX-0.33%7887.26
DAX2.79%10357
HEX-0.30%8009.67
N1000.20%874.39
OMXC25GI-0.62%1240.03
OMXSPI-0.06%572.78
OSEBX-1.34%734.38
PSI201.27%4069.46
TECDAX1.32%2698.06
UKX2.19%5704.45
EURUSD-0.45%108.5584
CL (OIL)-9.39%23.63
Indices Evaluations
 SML
AEXnegpospos
ATXneutralneutralneutral
CAC40negneutralpos
COMPXnegneutralneutral
DAXneutralposneutral
HEXposnegneutral
N100negneutralneutral
OMXC25GIpospospos
OMXSPInegneutralpos
OSEBXposnegneutral
PSI20posnegneg
TECDAXpospospos
UKXnegnegpos
EURUSDneutralneutralneg
CL (OIL)neutralnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
13% 38% 49%
 1004 Buy Candidates
 3017 Neutral
 3891 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.

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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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