MGM (NYSE) has had their stock price beaten down due to the pandemic, however with restrictions starting to lift it seems the economy has started to look up for the company which has been shown by the recent uptick in MGM’s price. We will take a deeper dive into the technical indicators forecasting the companies future.
ZM (NASDAQ) the video conferencing software has seen rapid growth in recent months due to the pandemic and the need for social distance, the stock has grown 168.4% since the start of February. As earnings reporting is coming up very soon we will be taking a deeper look into how zoom is positioned prior to earnings reporting with Technical analysis.
NVDA (NASDAQ) has managed to re-grow value from the recent COVID-19 lows, it reached those levels back in early may and now has exceeded past them. More recently they also exceeded past some analysts expectations of the companies recent earnings report and increasing the value of NVIDA. We will be taking some time to look at the technical details of the company to get a better understanding of where the stock may move next.
Bitcoin the dominate cryptocurrency in the market a had a strong up turn in recent months, however the question has to be raised is it time for a reversal of the trend for bitcoin? We will go over some of the technical details and indicators that point towards a down trend.
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users. Recently the cryptocurrency has surged in price with a strong increase in trading activity. We will take a deeper dive into the technical analysis behind the cryptocurrency.
Airbus has been one of the most affected by COVID 19 due to the restrictions on air travel however currently their stock price sits at all time lows. Over recent weeks airlines like delta have been retiring their fleets of boeing 777 aircrafts and using the A350 Airbus to replace it as it burns “21% less fuel per seat than the 777s”. We will be taking a closer look into the technical analysis of Airbus.
Ebays stock price has been surging in the last few weeks reaching to their highest price point for this year recovering all their losses from COVID 19 and even going higher. We will explore some of the technical details for Ebay and find out if they point towards a continued run or and end to their current stock surge.
All companies have felt the recent hardship of COVID-19 which has decimated economy’s over recent months. One of the hardest hit sectors has been the financial industries who have seem dramatic decreases to stock value. Among them is Wells Fargo who currently are sitting at multi year lows. This company seems to be going from problem to problem so we’ll be taking a technical look into what this means and what this might entail for the price moving forward.
Uber has fallen quite significantly due to COVID 19, along with many other stock across the economy however with the stock starting to recover is it time to buy? We don’t think so in fact many technical indicators point towards a decline.
All companies have felt the recent hardship of COVID-19 which has decimated economy’s over recent months. One very rare standout that has managed to overcome these difficulties is VTIQ who’s stock price has surged in recent weeks. WHICH IS INSANE. A merger with NKLA is in the works further exciting investors. This company seems to be going from strength to strength so we’ll be taking a technical look into what this means and what this might entail for the price moving forward.