FAANG Stocks Overview for Dec 13, 2019


FAANG Stocks Technical Analysis Market Overview Report for Dec 13, 2019 | by Techniquant Editorial Team

Highlights

AAPL climbs to highest close ever
GOOGL still stuck within tight trading range
NFLX stuck within tight trading range
FB closes within prior day's range
AMZN closes higher for the 3rd day in a row

Summary

With three out of the five FAANG Stocks closing higher today, the ones that stand out on the positive side are AAPL gaining 1.37% and AMZN closing 0.03% higher. On the flipside the worst performers have been FB closing -1.34% lower and GOOGL losing -0.12%.

One of today's most interesting market conditions in the FAANG Stocks showed up in FB: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "Close crossed below the lower Bollinger Band" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for Facebook. Out of 42 times, FB closed higher 64.29% 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 69.05% with an average market move of 2.29%. Read more

FAANG Stocks Overviews

AAPL 68.79 0.93 (1.37%) Moving higher for the 4th day in a row, AAPL finished the week 1.64% higher at 275.15 after gaining $3.69 (1.36%) today on high volume, strongly outperforming the Nasdaq 100 (0.25%). Today's close at 275.15 marks the highest recorded closing price ever. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 272.56, Apple confirmed its breakout through the prior session high after trading up to $2.74 above it intraday. Read more
GOOGL 1,346.87 -1.62 (-0.12%) GOOGL finished the week 0.56% higher at 1346.87 after losing $1.62 (-0.12%) today, slightly underperforming the Nasdaq 100 (0.25%). Trading $3.45 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on November 29th, GOOGL lost -1.17% on the following trading day. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
NFLX 298.50 0.06 (0.02%) NFLX ended the week -2.88% lower at 298.50 after edging higher $0.06 (0.02%) today on low volume, slightly underperforming the Nasdaq 100 (0.25%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session. Read more
FB 194.11 -2.64 (-1.34%) Moving lower for the 2nd day in a row, FB ended the week -3.45% lower at 194.11 after losing $2.64 (-1.34%) today on high volume, strongly underperforming the Nasdaq 100 (0.25%). Today's close at 194.11 marks the lowest recorded closing price since November 14th. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
AMZN 1,760.94 0.61 (0.03%) Moving higher for the 3rd day in a row, AMZN finished the week 0.53% higher at 1760.94 after edging higher $0.61 (0.03%) today, slightly underperforming the Nasdaq 100 (0.25%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more

Detailed Reports

Daily technical analysis candlestick chart for Amazon.com Inc. (AMZN) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for Alphabet Inc. (GOOGL) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for Facebook Inc. (FB) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for Apple Inc. (AAPL) as at Sep 18, 2020
Sep 18, 2020
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