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Content
Signals
All indicators - Medium term
Taiwan Semiconductor MJun 9, 2023
Thermo Fisher ScientifJun 9, 2023
AbbVieJun 9, 2023
Datadog AJun 9, 2023
TJX CompaniesJun 9, 2023

Nasdaq Combined Composite Index moved more or less horizontally on Friday and closed at 13259 points (+0.2 percent). For the week as a whole the index showed only a slight change of +0.1 percent. This past month the index has gained as much as 8.9 percent.

2578 shares were up and 4768 were down, while 341 remained unchanged, and there was no trading in 789 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 481.3 billion.

Tesla was up 4.1 percent to close at 244 dollar. The stock has now closed up for the 11. day in a row and this past month the stock has gained as much as 44.5 percent. The stock is trend wise negative in the medium term.
Carvana ended with a steep loss of 21.3 percent and closed at 19.07 dollar. We must go back to Dec 7. 2022 to find an equally steep drop. That time the stock lost 42.9 percent. Nor does it look good technically. The stock is trend wise negative in the medium term, has marginally broken down through support at 20.00 dollar and a further decline is indicated.
Blue Apron A closed at 8.95 dollar after a gain of 67.3 percent, and broke the 8.00 -mark. Last time the stock was higher was Dec 2021. This past month the stock has gained as much as 1812.8 percent. The volume was also high. At session end it was bought and sold shares for about 240 million dollar in the stock, which equals nine times mean daily turnover. The stock has broken up through resistance at 7.80 dollar.
Sientra closed at 2.48 dollar after a solid gain of 41.7 percent. The previous time the stock gained this much was Mar 25. 2020, when it closed up 42.0 percent. The stock has now closed up for the fourth day in a row. It was also extremely high volume. Overall it was traded for 107 millions dollar in the stock, which is 98 times as much as normal daily turnover. Technically it also looks good. The stock is trend wise negative in the medium term, but has broken up through resistance at 2.00 dollar.
Dollar General lost 1.8 percent to 153 dollar. The stock has not closed at a lower price since Mar 2020. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 188 dollar and a further decline is indicated.

US 500 approximately even on Friday
S&P 500 moved more or less horizontally on Friday and closed at 4299 points (+0.1 percent). For the week as a whole the index showed only a slight change of +0.4 percent.

Indices
S&P 500
arrow yellow   Neutral
Investors have paid higher prices over time to buy S&P 500 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is moving within a rectangle formation between support at 3946 and resistance at 4384. A decisive break through one of these levels indicates the new direction for the index. The index is testing resistance at points 4300. This could give a negative reaction, but an upward breakthrough of points 4300 means a positive signal. The index is overall assessed as technically neutral for the medium long term.
Today´s Case
International Game Technology PLC (IGT) Price 31.50, Jun 8, 2023
chart
International Game Technology PLC has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. The price has also broken the resistance at 29.75 of a rectangle pattern, which signals a further rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 27.20 dollar. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.21%759.32
CAC40-0.12%7213.14
COMPX0.16%13259.00
DAX-0.25%15950
HEX0.35%10344.00
N100-0.07%1345.80
OMXC25GI-0.57%2071.67
OMXSPI0.04%855.10
OSEBX0.31%1231.56
PSI200.22%5966.71
TECDAX-0.11%3198.39
BUK100P-0.53%754.18
EURUSD-0.33%1.0700
CL (OIL)-1.57%70.17
Indices Evaluations
 SML
AEXneutralpospos
CAC40neutralpospos
COMPXneutralpospos
DAXposposneutral
HEXnegnegneutral
N100negpospos
OMXC25GIpospospos
OMXSPInegpospos
OSEBXposposneg
PSI20negpospos
TECDAXnegnegpos
BUK100Pnegpospos
EURUSDnegposneutral
CL (OIL)negnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
29% 42% 29%
 2456 Buy Candidates
 3530 Neutral
 2519 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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