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Content
Signals
All indicators - Medium term
Applied Materials, IncSep 29, 2020
Spotify Technology S.ASep 29, 2020
Baidu, Inc. - AmericanSep 29, 2020
Clorox Company (The)Sep 29, 2020
Aon plc.Sep 29, 2020

The market showed a small loss Tuesday, and Nasdaq Combined Composite Index (COMPX) ended the day at 11085 points, which is a decline of 0.29 percent.

2933 shares showed a gain and 4117 showed a loss. 208 shares were unchanged and closed at the same price as the previous day. There was no trading in 93 shares.

Total value of the trading volume for shares and primary capital certificates Tuesday was approximately 368.0 billion.

Peloton Interactive, Inc. (PTON) rose 3.67 percent and broke the 100 -mark for the first time ever. The new all time high close is 100 dollar. This past month the stock has gained as much as 42.92 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 65.00 dollar and a further increase is indicated.
Beyond Meat, Inc. - Common stock (BYND) moved up and ended at 166 dollar, which is an increase of 9.49 percent. We must go back to Aug 2019 to find a higher close for the stock. The stock has by that gained 16.46 percent since the buy signal from double bottom formation three weeks ago. It was also high volume. Overall it was traded for 3422 millions dollar in the stock, which is four times as much as normal daily turnover.
Piedmont Lithium Limited - Ame (PLL) crashed and ended the day at 25.38 dollar, which is a drop of 31.41 percent. The stock has never lost more in one day since we started measuring this Dec 13. 2018. It was also high volume. Overall it was traded for 205 millions dollar in the stock, which is three times as much as normal daily turnover. The stock has support at 10.00 dollar.
Exxon Mobil Corporation (XOM) developed negatively and fell 2.92 percent to a close of 34.28 dollar. The stock has not closed lower since Mar 23. The stock has thereby closed down 25 out of the past 30 days. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
Greenpro Capital Corp. (GRNQ) closed at 1.59 dollar after posting a gain of 55.88 percent. The stock has never gained more in one day since Aug 18, when it was up 117 percent. The stock broke up through the resistance at 1.47 dollar in inverse head and shoulders formation. This triggered a buy signal on increasing volume and a further increase to 3.41 dollar within five months is indicated. It was also extremely high volume. Overall it was traded for 23 millions dollar in the stock, which is 96 times as much as normal daily turnover.

US 500 weakly lower Tuesday
The market showed a small loss Tuesday, and S&P 500 (SP500) ended the day at 3335 points, which is a decline of 0.48 percent.

Indices
S&P 500
arrow green   Weak Positive Candidate
S&P 500 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index is between the support at points 3230 and the resistance at points 3380. A definitive break through of one of these levels predicts the new direction. The index is assessed as technically slightly positive for the medium long term.
Today´s Case
Seattle Genetics, Inc. (SGEN) Price 190.96, Sep 29, 2020
chart
Investors have paid higher prices over time to buy Seattle Genetics, Inc. and the stock is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The stock has also received a positive signal from the moving average indicator, thus signaling a continued rise. The stock has marginally broken up through the resistance at dollar 186. An established break predicts a further rise. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. 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
AEX-0.50%548.92
ATX0.00%3406.09
CAC40-0.23%4832.07
COMPX-0.29%11085.00
DAX-0.35%12826
HEX-0.25%10014.00
N100-0.36%962.19
OMXC25GI1.12%1632.17
OMXSPI0.20%730.14
OSEBX0.68%856.09
PSI20-1.35%4033.26
TECDAX0.37%3079.51
UKX-0.51%5897.50
EURUSD0.61%117.2448
CL (OIL)-3.23%39.29
Indices Evaluations
 SML
AEXnegneutralpos
ATXneutralneutralneutral
CAC40neutralneutralneutral
COMPXneutralneutralpos
DAXnegneutralneutral
HEXposneutralpos
N100negnegneutral
OMXC25GIpospospos
OMXSPIposneutralpos
OSEBXnegposneutral
PSI20negnegneg
TECDAXneutralnegpos
UKXnegnegneg
EURUSDposposneg
CL (OIL)negnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
30% 38% 32%
 2219 Buy Candidates
 2821 Neutral
 2335 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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