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Content
Signals
All indicators - Medium term
FTSE China 25 Index FuMay 17, 2024
Valero EnergyMay 17, 2024
Roper TechnologiesMay 17, 2024
S&P National Amt-Free May 17, 2024
US OilMay 17, 2024

Nasdaq Combined Composite Index moved more or less horizontally on Friday and closed at 16686 points (-0.1 percent). The week as a whole showed a gain of 2.1 percent.

3658 shares were up and 3399 were down, while 307 remained unchanged, and there was no trading in 174 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 502.4 billion.

SPDR S&P 500 ETF showed a small gain and ended the day at 529 dollar, which is an increase of 0.1 percent. The stock has thereby closed up 11 out of the past 12 days. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 523 dollar and a further increase is indicated.
S&P 500 ETF Vanguard closed at 487 dollar after a small gain of 0.1 percent. The stock has thereby closed up 11 out of the past 12 days and this past month the stock has gained as much as 5.8 percent. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 480 dollar and a further increase is indicated.
Johnson & Johnson increased slightly 0.2 percent and ended the day at 155 dollar. The stock has now risen for the ninth 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.
Emrg Mkts Index MSCI Ishares showed a small gain and ended the day at 43.79 dollar, which is an increase of 0.4 percent. The stock has now risen for the eighth day in a row and this past month the stock has gained as much as 10.3 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 42.00 dollar and a further increase is indicated.
Faraday Future Intelligent Electric closed at 1.03 dollar after posting a loss of 37.6 percent. The stock has never lost more in one day since Sep 27. 2023, when it was down 44.3 percent. The stock thereby reversed down after five days of gains. It does, however, look good technically. The stock is assessed as technically positive for the medium long term.

US 500 weakly higher Friday
The market showed a small gain Friday, and S&P 500 ended the day at 5303 points, which is an increase of 0.1 percent. The week as a whole showed a gain of 1.5 percent. The index has thereby closed up nine out of the past 12 days.

Indices
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has marginally broken up through resistance at points 5260. An established break predicts a further rise. RSI is above 70 after a good price increase the past weeks. The index 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 index is overall assessed as technically positive for the medium long term.
Today´s Case
Pacific Gas & Electric (PCG) Price 18.60, May 17, 2024
chart
Pacific Gas & Electric shows strong development within 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 received a positive signal from the moving average indicator, thus signaling a continued 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 18.14 dollar. The short term momentum of the stock is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Pacific Gas & Electric. 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-0.03%913.25
CAC40-0.26%8167.50
COMPX-0.07%16686.00
DAX-0.18%18704
HEX-0.06%10385.00
N100-0.11%1552.86
OMXC25GI-0.57%2297.32
OMXSPI-0.23%990.72
OSEBX0.52%1416.42
PSI20-0.48%6887.38
TECDAX-0.37%3431.21
BUK100P-0.15%840.22
EURUSD-0.05%1.0900
CL (OIL)1.05%80.06
Indices Evaluations
 SML
AEXpospospos
CAC40posneutralpos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXposneutralpos
BUK100Ppospospos
EURUSDposneutralneg
CL (OIL)negposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
41% 35% 24%
 3133 Buy Candidates
 2657 Neutral
 1783 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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