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Content
Signals
All indicators - Medium term
Exxon MobilApr 26, 2024
Texas InstrumentsApr 26, 2024
PDD ADRApr 26, 2024
KLAApr 26, 2024
Analog DevicesApr 26, 2024

The market rallied Friday, and Nasdaq Combined Composite Index closed at 15928 points after an increase of 2.0 percent. The index has never gained more in one day since Feb 22, when it was up 3.0 percent. The week as a whole showed a gain of 4.2 percent.

4621 shares were up and 2411 were down, while 328 remained unchanged, and there was no trading in 179 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 567.7 billion.

Alphabet A rose sharply to close at 172 dollar, up 10.2 percent. The previous time the stock gained this much was Jul 17. 2015, when it closed up 16.3 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 153 dollar and a further increase is indicated.
Alphabet C rose sharply to close at 174 dollar, up 10.0 percent. We must go back to Jul 26. 2019 to find an equally strong rise. That time the stock gained 10.4 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 155 dollar and a further increase is indicated.
Intel ended with a steep loss of 9.2 percent and closed at 31.88 dollar. The stock has never lost more in one day since Jan 26, when it was down 11.9 percent. The stock is trend wise positive in the medium term.
Chevron closed at 166 dollar after a small gain of 0.4 percent. The stock has now risen for the eighth day in a row. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Exxon Mobil closed at 118 dollar after posting a loss of 2.8 percent. The stock has never lost more in one day since Oct 11. 2023, when it was down 3.6 percent. The stock thereby reversed down after five days of gains. Nor does it look good technically. The stock is trend wise positive in the medium term, but has broken down through support at 119 dollar.

US 500 rises on Friday
The market moved up Friday, and S&P 500 ended at 5100 points, which is an increase of 1.0 percent. The week as a whole showed a gain of 2.7 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 has support at points 4600 and resistance at points 5250. 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
Snap A (SNAP) Price 14.55, Apr 26, 2024
chart
Snap A is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The stock has broken a double bottom formation. A decisive break of the resistance at 12.39 will signal a rise to 14.23 or more. The stock has support at dollar 13.50 and resistance at dollar 17.40. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, wich strengthens the stock and indicates increased chance of a break up. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.42%882.63
CAC400.89%8088.24
COMPX2.02%15928.00
DAX1.36%18161
HEX1.12%9834.91
N1000.96%1519.38
OMXC25GI2.22%2201.68
OMXSPI1.58%951.83
OSEBX0.52%1365.93
PSI201.07%6612.51
TECDAX1.71%3322.49
BUK100P0.87%813.49
EURUSD-0.27%1.0700
CL (OIL)0.34%83.85
Indices Evaluations
 SML
AEXpospospos
CAC40posneutralpos
COMPXnegposneutral
DAXpospospos
HEXnegnegneg
N100neutralpospos
OMXC25GInegpospos
OMXSPInegpospos
OSEBXpospospos
PSI20pospospos
TECDAXnegnegpos
BUK100Ppospospos
EURUSDnegnegneg
CL (OIL)posposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
34% 36% 30%
 2593 Buy Candidates
 2735 Neutral
 2243 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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