It is going to be a busy week for earnings, with companies like Facebook, Tesla, Alphabet, Amazon, and more all reporting results. So I’m going to give you predictions using a technical take only on the stocks. Usually, I do options and fundamental analysis too, but there are just too many companies this week to that.I am going to present in order of when they are reporting.
And no, I am no Nostradamus
SNAP
Snap (SNAP) is first up, and the stock hasn’t been acting particularly well heading into earnings, usually not a good sign. The chart doesn’t look particularly strong either. SNAP has fallen below an uptrend and failed at resistance at $16. The RSI is also starting to know trend lower, suggesting momentum has turned from bullish to bearish. I think there is a good chance the stock is trading around $13.20 follow results.
Boeing
It seems Boeing (BA) can’t do any wrong. No matter what the negative headline the stock goes up. It sticks to the long-term uptrend like glue and has once again cleared resistance around $370. I wouldn’t be surprised to see the stock trading around $400 or higher following the results.
Facebook (FB)
Facebook has a history of crushing earnings estimates, and I’m sure this quarter will be no different. I think the stock trades back to its all-time highs around $219.
Tesla
TSLA I have been saying is going higher since $195, and I still think it’s going higher, but this time to $300.
Amazon
Here is a different view of AMZN I haven’t shared before and because of it, I think the stock trades down to around $1810 after the company disappoints with weaker than expected revenue.
Alphabet
Alphabet (GOOGL) learns from its first quarter mistakes and puts up a better quarter with better commentary. The stock continues to trend higher and continues to work towards filling the gap at $1,300.
Intel
Intel (INTC) has also been trending higher, and I think the stock continues to move higher towards $53.
Comments
Log in or sign up to join the conversation.