Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
If you no longer wish to receive this alert via e-mail, you can unsubscribe.
Newsletter Header
 
Weekly Technology Report
November 4, 2024
 
   
 
Amazon.com   Alphabet   Microsoft   Apple   Tesla   Nvidia  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Amazon.com ST: above its upper Bollinger band
 
Our pivot point is at 189.9.
 
Our preference:
The upside prevails as long as 189.9 is support.
 
Alternative scenario:
Below 189.9, expect 180.9 and 175.5.
 
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 187.8385 and 184.7906). Finally, Amazon.com has crossed above its upper daily Bollinger band (194.97).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Alphabet ST: the upside prevails as long as 166.9 is support
 
166.9 is our pivot point.
 
Our preference:
The upside prevails as long as 166.9 is support.
 
Alternative scenario:
The downside breakout of 166.9 would call for 161.9 and 158.9.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 165.4765 and 162.47).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Microsoft ST: the downside prevails as long as 428 is resistance
 
Our pivot point stands at 428.
 
Our preference:
The downside prevails as long as 428 is resistance.
 
Alternative scenario:
Above 428, look for 444 and 453.
 
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 419.5145 and 420.607).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Apple ST: under pressure below 231.2
 
Our pivot point is at 231.2.
 
Our preference:
Under pressure below 231.2.
 
Alternative scenario:
The upside breakout of 231.2 would call for 238.6 and 243.2.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 230.437 and 227.1338).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Tesla ST: the upside prevails as long as 223.4 is support
 
Our pivot point is at 223.4.
 
Our preference:
The upside prevails as long as 223.4 is support.
 
Alternative scenario:
Below 223.4, expect 194.1 and 176.3.
 
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 237.1575 and 234.26).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Nvidia ST: as long as 128 is support look for 152.6
 
Our pivot point stands at 128.
 
Our preference:
As long as 128 is support look for 152.6.
 
Alternative scenario:
Below 128, expect 119.6 and 114.5.
 
Comment:
The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (137.0633) but above its 50 day moving average (125.4537).
 
Analyst Views Chart
 
Trade
 
 
Banner Ad
     
 
 
  Twitter   LinkedIn   FaceBook  
 
 
 
 
If you no longer wish to receive this alert via e-mail, you can unsubscribe.

This email was brought to you by BMO InvestorLine Inc., an online brokerage dedicated to empowering you, the independent self-direct investor. Trade ideas are provided by Trading Central, the industry leader providing actionable investment research products for self-directed investors and traders.

The Weekly Technology Report is for informational purposes only. The information contained in the Weekly Technology Report, including the Weekly Technology Report service messages, does not constitute advice or recommendation by Trading Central or BMO InvestorLine Inc. in respect of the investment in financial instruments. Your use of the Weekly Technology Report service is subject to the Trading Central Terms of Use. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party.Investments should be evaluated relative to the individual's investment objectives and professional advice should be obtained with respect to any circumstance.

BMO InvestorLine Inc. is a member of BMO Financial Group. ®Registered trade-mark of Bank of Montreal, used under licence. BMO InvestorLine Inc. is a wholly owned subsidiary of Bank of Montreal Holding Inc. Member - Canadian Investor Protection Fund and Member of the Investment Industry Regulatory Organization of Canada. BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO InvestorLine Inc., in providing wealth management products and services.

TRADING CENTRAL Terms and conditions

The information provided does not constitute, in any way, a solicitation or inducement to buy or sell securities and similar products. Comments and analysis reflect the views of TRADING CENTRAL at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of TRADING CENTRAL. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and financial derivatives such as futures, CFDs (Contracts for Difference), warrants, turbos or certificates involve a high degree of risk. They require a good level of financial knowledge and experience. TRADING CENTRAL recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued. TRADING CENTRAL recommends reading the "risk factors" section of the prospectus for any financial product mentioned.

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the code of conduct of the association ANACOFI-CIF, association approved by the Financial Markets Authority and registered with ORIAS under number 17005458.

In the United States, TRADING CENTRAL AMERICAS, INC. is a Registered Investment Adviser (RIA) with the U.S. Securities and Exchange Commission (SEC) under IARD/CRD number 801-67210. Services are provided in the United States by TRADING Central Americas, Inc. TRADING Central will provide a copy of its most recent written disclosure statement without charge upon written request. Notwithstanding the foregoing paragraphs, nothing herein shall constitute a waiver or limitation of any U.S. person's rights under relevant U.S. federal or state laws.

In Asia, TRADING CENTRAL ASIA LTD has received a license (number AWI815) from the Hong Kong-based Securities and Futures Commission (SFC) to conduct “Type 4” and “Type 5” regulated activities (Advising on Securities and Futures).

TRADING CENTRAL recommends that you read the legal and regulatory information and warnings about the information provided by visiting the following link : terms_of_use_web_sites_en.pdf

Headquarters of the publisher : TRADING CENTRAL SA, 11 bis rue Scribe, 75009 Paris
RCS : PARIS B 423 512 607 VAT N° FR 174 235 12607
 
 
 
 
Client Logo
 
Trading Central
200-301 Moodie Dr.
Ottawa, ON, Canada K2H 9C4