US Futures Climb Higher on Strong Earnings
US stock futures climbed higher on Wednesday as investors reacted to the latest batch of corporate earnings reports.
In extended trading, Tesla surged 12% after the company said it would start producing more affordable electric vehicles in 2025.
Visa and Texas Instruments also rallied 2.5% and 7%, respectively, on upbeat quarterly results.
More than 20% of S&P 500 companies have now reported earnings, with more than 75% of those exceeding market expectations.
technically:
The price could stabilize in the bullish zone and potentially reach the strong resistance levels at 5125 and 5140. Conversely, if it falls and stabilizes below the pivot line of 5080, this could indicate a bearish trend.
However, a bearish momentum might only become evident after initially touching the resistance levels, subsequently leading to a downward trend.
Pivot line: 5080
Resistance Prices: 5125, 5140, 5177
Support Prices: 5057, 5020, 4997
The movement range will be between support 5044 and Resistance 5140
previous idea:
US stock futures climbed higher on Wednesday as investors reacted to the latest batch of corporate earnings reports.
In extended trading, Tesla surged 12% after the company said it would start producing more affordable electric vehicles in 2025.
Visa and Texas Instruments also rallied 2.5% and 7%, respectively, on upbeat quarterly results.
More than 20% of S&P 500 companies have now reported earnings, with more than 75% of those exceeding market expectations.
technically:
The price could stabilize in the bullish zone and potentially reach the strong resistance levels at 5125 and 5140. Conversely, if it falls and stabilizes below the pivot line of 5080, this could indicate a bearish trend.
However, a bearish momentum might only become evident after initially touching the resistance levels, subsequently leading to a downward trend.
Pivot line: 5080
Resistance Prices: 5125, 5140, 5177
Support Prices: 5057, 5020, 4997
The movement range will be between support 5044 and Resistance 5140
previous idea:
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~6 analyses per day. With a clear entry point
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