FAANG Stocks Overview for Dec 02, 2019


FAANG Stocks Technical Analysis Market Overview Report for Dec 02, 2019 | by Techniquant Editorial Team

Highlights

GOOGL slips to lowest close since November 1st
AMZN breaks below key technical support level
AAPL runs into sellers around 268.25 for the third day in a row
FB finds buyers at key support level
NFLX closes lower for the 2nd day in a row

Summary

With five out of the five FAANG Stocks closing lower today, the ones that stand out on the negative side are NFLX losing -1.48% and GOOGL closing -1.17% lower. None of the markets managed to end the day in the green.

One of today's most interesting market conditions in the FAANG Stocks showed up in AAPL: Among the 12 market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to prior two Highs" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for Apple. Out of 101 times, AAPL closed higher 57.43% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 66.34% with an average market move of 2.11%. Read more

FAANG Stocks Overviews

GOOGL 1,288.86 -15.23 (-1.17%) Moving lower for the 3rd day in a row, GOOGL ended Monday at 1288.86 tanking $15.23 (-1.17%), slightly underperforming the Nasdaq 100 (-1.12%). This is the biggest single-day loss in over a month. Today's close at 1288.86 marks the lowest recorded closing price since November 1st. Read more
AMZN 1,781.60 -19.20 (-1.07%) Moving lower for the 2nd day in a row, AMZN finished Monday at 1781.60 losing $19.20 (-1.07%) on high volume, but still slightly outperforming the Nasdaq 100 (-1.12%). Closing below Friday's low at 1800.79, the stock confirmed its breakout through the previous session low after trading up to $38.08 below it intraday. Read more
AAPL 264.16 -3.09 (-1.16%) Moving lower for the 2nd day in a row, AAPL ended Monday at 264.16 tanking $3.09 (-1.16%), slightly underperforming the Nasdaq 100 (-1.12%). Closing below Friday's low at 265.90, Apple confirmed its breakout through the previous session low after trading up to $2.45 below it intraday. Read more
FB 199.70 -1.94 (-0.96%) Moving lower for the 2nd day in a row, FB finished Monday at 199.70 losing $1.94 (-0.96%), but still slightly outperforming the Nasdaq 100 (-1.12%). Closing below Friday's low at 201.21, the stock confirmed its breakout through the prior session low after trading up to $3.16 below it intraday. Read more
NFLX 309.99 -4.67 (-1.48%) Moving lower for the 2nd day in a row, NFLX finished Monday at 309.99 losing $4.67 (-1.48%), slightly underperforming the Nasdaq 100 (-1.12%). Closing below Friday's low at 313.34, the market confirmed its breakout through the previous session low after trading up to $9.59 below it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for Amazon.com Inc. (AMZN) as at Aug 07, 2020
Aug 07, 2020
Daily technical analysis candlestick chart for Facebook Inc. (FB) as at Aug 07, 2020
Aug 07, 2020
Daily technical analysis candlestick chart for Netflix Inc. (NFLX) as at Aug 07, 2020
Aug 07, 2020
Daily technical analysis candlestick chart for Alphabet Inc. (GOOGL) as at Aug 07, 2020
Aug 07, 2020
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