S & P 100 index components
3M Company (MMM)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of 3M.
Trading at $99.90 which is below the downward trending 150 day simple moving average at $111.97. A rally to $150 would be required to provide evidence of a breakout from the current downward trend.
Apple (AAPL)
Updated on 12th June 2023.
Outlook is very bullish.
Click here for chart of Apple.
Trading at $180.96 which is above the 150 day simple moving average at $154.72, and the latter has recently turned downwards. The recent breakthrough to a new all time high confirms a very bullish outlook for the stock. A fall to $125 would be required to provide evidence of a breakdown of the current upward trend.
Abbvie (ABBV)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Abbvie.
Trading at $138.18 which is below the 150 day simple moving average at $153.67, and the latter has recently turned slightly downwards. However, the stock remains on a long term upward trend, thereby indicating a bullish outlok. A fall below $123 would be required to provide evidence of a breakdown of the current upward trend.
Abbot Labs (ABT)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Abbot Labs.
Trading at $101.69 which is slightly below the 150 day simple moving average at $106.51, and the latter has recently turned downwards. However, the long term upward trend remains intact. A fall below $100 would be required to provide evidence of a breakdown of the current upward trend.
Accenture (ACN)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Accenture.
Trading at $308.72 which is above the 150 day simple moving average at $279.91 and the latter has recently turned upwards. The long term upward trend also remains intact, thereby indicating a bullish outlook. A fall below $250 would be required to provide evidence of a breakdown of the current upward trend.
Adobe (ADBE)
Updated on 12th June 2023.
Outlook is bullish.
Click here chart of Adobe.
Trading at $456 which is above the 150 day simple moving average at $361.19 and the latter has recently turned upwards. The long term upward trend also remains intact. A fall below $300 would be required to provide evidence of a breakdown of the current upward trend.
American International Group (AIG)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of AIG.
Trading at $56.88 which is at the flat trending 150 day simple moving average. The stock has been on an upward trend since 2020, thereby indicating a moderately bullish outlook. A fall below $47 would be required to provide evidence of a breakdown of the current upward trend.
Allstate (ALL)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of Allstate.
Trading at $111.96 which is below the 150 day simple moving average at $123.60, and the latter has recently turned downwards. That would normally indicate a downward trend. However, the long term upward trend channel has remained intact, thereby indicating a moderately bullish outlook. A fall to $100, taking the stock below the upward trend channel, would be required to provide evidence of a breakdown of the current upward trend.
Amgen (AMGN)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of Amgen.
Trading at $219.34 which is below the 150 day simple moving average at $248.76 and the latter has recently turned downwards. That would normally indicate a bearish outlook. However, the long term upward trend remains intact, thereby pointing to a moderately bullish outlook. A fall to $200 would be required to provide evidence of a breakdown of the current upward trend.
Amazon (AMZN)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of Amazon.
Trading at $123.04 which is above the 150 day simple moving average at $100.23 and the latter has recently turned upwards. The stock has found support at the $100 level, which was a former resistance level. However, the $150 level (equating to the old $3,000 price before the 20 for 1 split) is likely to act as a new resistance level, thereby indicating a moderately bullish outlook. A fall below $85 would provide evidence of a breakdown of the long term upward trend.
Altria (MO)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of Altria.
Trading at $45.30 which is at the 150 day simple moving average at $49.84, and the latter has recently turned upwards. The stock has also broken out of a downward trend channel, thereby indicating a moderately bullish outlook. The 'stale bulls' in this stock, who bought in a prices higher than $50 in 2016 to 2019, are likely to impede upward progress, as many will be inclined to sell if the price recovers close to their entry level. A fall below $35 would be required to provide evidence of a breakdown of the current upward trend.
American Electric Power (AEP)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of American Electric Power.
Trading at $83.67 which is below the 150 day simple moving average at $91.59, and the latter has changed direction several times recently. The longer term gradual upward trend remains intact, indicating a bullish outlook. A fall below $80 would be required to provide evidence of a breakdown of the upward trend.
American Express (AXP)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of American Express.
Trading at $172.06 which is above the 150 day simple moving average at $160.72 and the latter has recently turned upwards. Also, the long term upward trend remains intact, thereby indicating a bullish outlook. A fall below $150 would be required to provide evidence of a breakdown of the current upward trend.
APA formerly known as Apache Corporation (APA)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of APA Corporation.
Trading at $33.35 which is below the 150 day simple moving average at $39.76, and the latter has recently turned downwards. The stock has traded within a downward trend channel since 2008, thereby indicating a bearish outlook. A rally to $50, taking the stock out of this downward trend channel, would be required to provide evidence of a breakout from the current downward trend.
AT&T (T)
Updated on 12th June 2023.
Outlook is moderately bearish.
Click here for chart of AT&T.
Trading at $15.95 which is below the 150 day simple moving average at $18.44 and the latter has changed direction several times recently. The stock has traded within a range of $32.50 to $17.50 since the early 2000's. It is now near the bottom of that range, but the number of 'stale bulls' in the stock who bought in at higher levels, are likely to impede any upward progress (as many of them will be tempted to sell if the share price recovers to their buying price, or close to it). There is a support level of sorts, at $17, as the stock tends to rally whenever it goes below that level, indicating bargain hunting. A moderately bearish outlook as a result of the above factors.
Bank of America (BAC)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of Bank of America.
Trading at $29.28 which is below the 150 day simple moving average at $31.83. The 150 day has not always been a good indicator for this stock. The long term upward trend that is evident since 2012 is still in place, thereby indicating a moderately bullish outlook. A fall below $27 taking the stock below this trendline, would provide evidence of a breakdown of the upward trend.
Bank of New York Mellon (BK)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for the chart of Bank of New York Mellon.
Trading at $44.48 which is slightly below the 150 day simple moving average at $45.70, and the latter has recently turned upwards. The stock has traded in a gradual, if erratic, upward trend since 2012, indicating a moderately bullish outlook. A fall below $38 would provide evidence of a breakdown of this moderate upward trend.
Baxter International (BAX)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of Baxter International.
Trading at $42.17 which is below the downward trending 150 day simple moving average at $44.97, thereby indicating a bearish outlook. The stock would need to trade between $50 and $60 for a period of time, to provide evidence of a breakout from the current downward trend.
Berkshire Hathaway Class B shares (BRK-B)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Berkshire Hathaway Class B shares.
Trading at $335.29 which is above the 150 day simple moving average at $313.89, and the latter has recently turned upwards, indicating a bullish outlook. A fall below $267 would be required to provide evidence of a breakdown of the current upward trend.
Biogen (BIIB)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of Biogen.
Trading at $308.88 which is above the upward trending 150 day simple moving average at $288.33. That would normally indicate a bearish outlook. However, the stock has traded within a downward trend channel since 2015. A rally to $400 would be required to provide evidence of a breakout from the current downward trend.
Boeing Company (BA)
Updated on 12th June 2023.
Outlook is moderately bearish.
Click here for chart of Boeing Company.
Trading at $217.40 which is above the 150 day simple moving average at $201.52 and the latter has recently turned upwards. That would normally indicate a bullish outlook. However, the chart continues to show a pattern of lower highs, whenever it has rallied since 2019, pointing to a moderately bearish outlook. The longer term chart does provide some evidence that it has broken out of a downward trend that began in 2019.
Bristol Myers Squibb (BMY)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Bristol Myers Squibb.
Trading at $64.84 which is below the 150 day simple moving average at $70.94, and the latter has recently turned downwards. That would normally indicate a bearish outlook. However, the stock continues to trade in an upward trend channel that has been in place since 2019, thereby indicating a bullish outlook. A fall below $60, taking the stock below this trend channel, would be required to provide evidence of a breakdown of the current upward trend.
Capital One Financial (COF)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of Capital One Financial.
Trading at $111.50 which is above the downward trending 150 day simple moving average at $100.42. That would normally indicate a downward trend. However, the stock has traded within a very broad upward trend channel since 2009, thereby indicating a bullish outlook. A fall below $85 would provide evidence that the stock will test the lower line of that channel at $50.
Caterpillar (CAT)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Caterpillar.
Trading at $235.03 which is slightly above the 150 day simple moving average, and the latter has recently turned upwards. The stock has also continued to trade within an upward trend channel thereby indcating a bullish outlook. A fall to $150, taking it below this trend channel would provide evidence of a breakdown fo the current upward trend.
Chevron (CVX)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Chevron.
Trading at $158.86 which is below the 150 day simple moving average at $167.94 and the latter has recently turned downwards. That would normally be a bearish indicator. However, the upward trend in place since 2021 remains intact, indicating a bullish outlook. A fall below $150 would provide evidence that the current upward trend is breaking down.
Cisco (CSCO)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Cisco Systems.
Trading at $49.66 which is close to the upward trending 150 day simple moving average. Also, the longer term upward trend remains intact. A fall below $40 would be required to provide evidence of a breakdown of the current upward trend.
Citigroup (C)
Updated on 12th June 2023.
Outlook is moderately bearish.
Click here for chart of Citigroup.
Trading at $48.30 which is at the 150 day simple moving average at, and the latter has recently turned upwards. However, the 150 day has not been a particularly reliable indicator for this stock. The stock has traded within a downward trend channel for the past few years, thereby indicating a bearish outlook. A period of time trading around the $70 level would be required to provide evidence of a breakout from the current downward trend.
Comcast (CMCSA)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of Comcast.
Trading at $40.23 which is above the 150 day simple moving average at $37.80, and the latter has recently turned upwards. That would normally indicate a downward trend. However, the fall in the stock in 2022 to a new three year low, points to a bearish outlook. A period of trading around the $50 level would be required to provide evidence of a breakout from the current downward trend.
Colgate Palmolive (CL)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Colgate Palmolive.
Trading at $75.90 which is close to the flat trending 150 day simple moving average.The $75 level which was previously acting as a resistance level, is now acting as a support level. A fall below $70 would be required to provide evidence of a breakdown of the current upward trend.
Coca Cola (KO)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Coca Cola.
Trading at $60.27 which is slightly below the 150 day simple moving average at $61.80, and the latter has recently turned upwards. The 150 day has changed direction too many times to be a useful indicator for this stock. However, the long term upward trend that has been in place since 2009 remains intact, thereby confirming a bullish outlook. A fall to $50, taking the stock below this trend line, would provide evidence of a breakdown of the current upward trend.
Conoco Phillips (COP)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of Conoco Phillips.
Trading at $101.68 which is below the 150 day simple moving average at $108.54, and the latter has recently turned downwards, thereby indicating a bearish outlook. A rally to $125 would be required to recapture the previous upward trend.
Costco Wholesale (COST)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Costco Wholesale.
Trading at $517.50 which is above the 150 day simple moving average at $494.03. The latter has changed direction too often in the past, to be a reliable indicator. A better indicator is the long term upward trend, which remains intact, thereby indicating a bulliush outlook. A fall to $470 woul dprovide evidence of a breakdown of the current upward trend.
CVS Health (CVS)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of CVS Health.
Trading at $71.68 which is below the 150 day simple moving average at $82.09, and the latter has recently turned downwards. That would normally indicate a bearish outlook. However, the longer term upward trend remains intact. A fall to $55 would provide evidence of a breakdown of the current upward trend.
Devon Energy (DVN)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of Devon Energy.
Trading at $49.35 which is below the 150 day simple moving average at $55.95, and the latter has recently turned downwards thereby indicating a bearish outlook. A rally to $75 would be required to provide evidence of a breakout from the current upward trend.
Du Pont de Nemours (DD)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of Du Pont.
Trading at $69.75 which is at the 150 day simple moving average and the latter has recently turned upwards. The trend has been basically flat in the past 20 years, with the stock consistantly returning to the $70 level, thereby indicating a bearish outlook. A rally higher than $85 would provide evidence of a breakout from the current flat trend.
EBAY (EBAY)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of Ebay.
Trading at $45.26 which is at the 150 day simple moving average, and the latter has recently turned upwards. However, the presence of 'stale bulls' who bought in at prices between $50 and $80 is likely to impede upward progress, thereby pointing to a moderately bullish outlook. A fall to $36 would be required to provide evidence of a breakdown of the current upward trend.
Eli Lilly (LLY)
Updated on 12th June 2023.
Outlook is very bullish.
Click here for chart of Eli Lilly.
Trading at $442.77 which is above the upward trending 150 day simple moving average at $372.33. The stock has also broken out on the upside of an upward trend channel, thereby indicating a very bullish outlook. A fall to $315 would be required to provide evidence of a breakdown of the current upward trend.
Emerson Electric (EMR)
Updated on 12th June 2023.
Outlook is very bullish.
Click here for chart of Emerson Electric.
Trading at $84.10 which is slightly below the 150 day simple moving average, and the latter has recently changed trend numerous times. However, the stock appears to be breaking out, on the upside, of a long term upward trend channel, thereby indicating a very bullish outlook. A fall below $50, taking the stock below the upward ttrend channel, would be required to provide evidence of a breakdown of the current upward trend.
Exelon (EXC)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Exelon.
Trading at $39.95 which is slightly below the upward trending 150 day simple moving average. The latter has changed direction too many times in the past to be a reliable indicator. However, the old resistance level at $36 has since acted as a support level, thereby indicating a bullish outlook. A fall below $36 would be required to provide evidence of a breakdown of the current upward trend.
Gilead Sciences (GILD)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Gilead Sciences.
Trading at $77.61 which is close to the 150 day simple moving average and the latter has recently turned downwards. The 150 day has not been a reliable indicator for this stock, and the overall trend had been slightly downwards for the past few years. However, the recent rally to $89 took the stock above the previous six year highs of $85, and changes the outlook from bearish to bullish. A fall below $57 would see the stock return to the former downward trend.
Goldman Sachs (GS)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Goldman Sachs.
Trading at $339.78 which is at the 150 day simple moving average and the latter has recently turned downwards. However, the previous all time high of $270 reached in 2018 is now acting as a support level, thereby confirming a longer term upward trend. A fall below that support level at $270, and through the much stronger support level slightly below that at $250, would provide evidence of a breakdown of the current upward trend.
Halliburton (HAL)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of Halliburton.
Trading at $31.86 which is below the 150 day simple moving average at $34.98, and the latter has recently turned downwards. The huge number of 'stale bulls' in the stock (current shareholders who bought in at much higher price levels) are likely to impede significant upward progress. Also, the old support level at $40 is now acting as a resistance level, thereby confirming a bearish outlook. A rally above $40, together with a period of time with $40 acting as a support level, would be required to provide evidence of a breakout from the current downward trend.
Home Depot (HD)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Home Depot.
Trading at $300.82 which is close to the 150 day simple moving average and the latter has recently turned upwards. A fall below $270 would bring the stock below this trend line, and provide evidence of a breakdown of the current upward trend.
Honeywell International (HON)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Honeywell International.
Trading at $198.88 which is close to the 150 day simple moving average, and the latter has recently turned downwards. However, the former resistance level around $183 is now acting as a support level, thereby indicating that the longer term upward trend remains intact. A fall below the $183 level would provide evidence of a breakdown of the current upward trend.
Hewlett Packard Enterprise Co (HPE)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of Hewlett Packard Enterprise.
Trading at $16.28 which is above the 150 day simple moving average at $15.53, and the latter has recently turned upwards. The stock has traded within a range of $17.50 to $12.50, apart from the Covid inspired wobble in 2020. A break above or below these levels, would change the outlook to more bullish or bearish, respectively.
IBM
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of IBM.
Trading at $136.42 which is on the 150 day simple moving average. The 150 day has changed direction too frequently to be a good indicator of the outlook for the stock. However, the stock appears to have broken out of a downward trend channel thereby indicating a moderately bullish outlook. A fall below $110 would be required to provide evidence of a breakdown of this new upward trend.
Intel (INTC)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of Intel.
Trading at $33.07 which is above the 150 day simple moving average at $29.32, and the latter has recently trended upwards. The stock has traded within a downward trend channel, but is now testing the upper limit of that channel. Until such time as it clearly breaks out of this channel, the outlook continues to be bearish.
Johnson & Johnson (JNJ)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Johnson & Johnson.
Trading at $159.92 which is below the 150 day simple moving average at $164.40, and the latter has recently turned downwards. The stock has traded in a gradual upward trend channel since 2016. A fall below $150 would be required to provide evidence of a breakdown of the current upward trend.
JP Morgan Chase (JPM)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for chart of JP Morgan Chase.
Trading at $140.89 which is close to the 150 day simple moving average, and the latter has recently turned upwards. The longer term upward trend remains intact, albeit within a very wide trend channel, thereby indicating a moderately bullish outlook. A fall to around $100 would be required to provide evidence of a breakdown of the current upward trend.
Lockheed Martin (LMT)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Lockheed Martin.
Trading at $459.85 which is below the 150 day simple moving average at $470.40. The latter has recently turned downwards, but the stock has continued to trade within an upward trend channel, thereby indicating a bullish outlook. A fall below $370, taking the stock below the trend channel, would provide evidence of a breakdown of the current upward trend.
Lowe’s Companies (LOW)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Lowe’s Companies.
Trading at $213.36 which is above the 150 day simple moving average at $209.12 and the latter has recently turned upwards. Also, the long term upward trend line has remained intact, thereby indicating a bullish outlook. A fall below $189 would be required to provide evidence of a breakdown of the current upward trend.
Mastercard (MA)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Mastercard.
Trading at $375.31 which is above the 150 day simple moving average at $369, and the latter has recently turned upwards. Also, the long term upward trend has remained intact. A fall below $300 would provide evidence of a breakdown of the current upward trend.
McDonald's (MCD)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of McDonald's.
Trading at $288.21 which is above the upward trending 150 day simple moving average at $276.36. A fall below $230 would be required to provide evidence of a breakdown of the current upward trend.
Medtronic (MDT)
Updated on 12th June 2023.
Outlook is moderately bullish.
Click here for the chart of Medtronic.
Trading at $84.40 which is slightly above the 150 day simple moving average, and the latter has recently turned upwards. There is a support level at $75, but the significant number of 'stale bulls' who bought in at prices from $90 to $125 are likely to impede upward progress, therefore pointing to a moderately bullish outlook. A fall below the $75 support level would change the outlook from bullish to bearish.
Merck (MRK)
Updated on 12th June 2023.
Outlook is very bullish.
Click here for chart of Merck.
Trading at $109.90 which is at the upward trending 150 day simple moving average. The recent breakthrough to a new all time high confirms a very bullish outlook. A fall below $70 would be required to provide evidence of a breakdown of the current upward trend.
MetLife (MET)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of MetLife.
Trading at $53.99 which is below the 150 day simple moving average at $64.19, and the latter has recently turned downwards. However, the old resistance level at $50 is now acting as a support level, thereby confirming a bullish outlook. A fall below the $50 level would change the outlook from bullish to bearish.
Microsoft (MSFT)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Microsoft.
Trading at $333.25 which is above the 150 day simple moving average at $274.72 and the latter has recently turned upwards, thereby indicating a bullish outlook. A fall below $250 would be required to provide evidence of a breakdown of the current upward trend.
Mondelez (MDLZ)
Updated on 12th June 2023.
Outlook is very bullish.
Click here for chart of Mondelez.
Trading at $72.82 which is above the upward trending 150 day simple moving average at $69.40. The recent breakthrough of the previous all time high of $64.89 reached in July 2021, indicates a very bullish outlook. A fall below $50 would be required to provide evidence of a breakdown of the current upward trend.
Morgan Stanley (MS)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Morgan Stanley.
Trading at $87.44 which is close to the 150 day simple moving average and the latter has recently turned upwards. The breakthrough the 2007 high of $87, confirms bullish outlook. A fall below $75 would be required to provide evidence of a breakdown of the current upward trend.
National Oilwell Varco (NOV)
Updated on 12th June 2023.
Outlook is bearish.
Click here for chart of National Oilwell Varco.
Trading at $15.01 which is below the 150 day simple moving average at $19.46, and the latter has turned downwards again. A rally higher than $25 would be required to provide evidence of a breakout from the current downward trend.
Netflix (NFLX)
Updated on 12th June 2023.
Outlook is bullish.
Click here for chart of Netflix.
Trading at $424.56 which is above to the 150 day simple moving average at $337, and the latter has recently turned upwards, indicating a bullish outlook. A fall below $300 would be required to provide evidence of a breakdown of the current upward trend.
Nike (NKE)
Updated on 13th June 2023.
Outlook is moderately bullish.
Click here for chart of Nike.
Trading at $107.32 which is below the 150 day simple moving average at $118.59 which has recently turned upwards. Also, the longer term upward trend remains intact, but this is at a lower level than where the stock is currently trading, thereby indicating a moderately bullish outlook. A fall below $80 would provide evidence of a breakdown of the current upward trend.
Norfolk Southern (NSC)
Updated on 13th June 2023.
Outlook is moderately bearish.
Click here for chart of Norfolk Southern.
Trading at $213.50 which is below the downward trending 150 day simple moving average at $227.52. That would normally indicate a downward trend, and the stock is also trading within a downward trend channel. However, there are conflicting signals on the chart. The old resistance level at $208, is now acting as a support level, thereby indicating a moderately bearish outlook. A rally higher than $255 would be required to provide evidence of a breakout from the current downward trend.
Occidental Petroleum (OXY)
Updated on 13th June 2023.
Outlook is bearish.
Click here for chart of Occidental Petroleum.
Trading at $59.43 which is below the 150 day simple moving average at $62.19, and the latter has recently turned downwards. The 150 day has acted reasonably well in being a shorter term indicator. However, the long term trend appears to be a downward trend channel, thereby indicating a bearish outlook. A rally higher than $75 would be required to provide evidence of a breakout from the current downward trend.
Oracle (ORCL)
Updated on 13th June 2023.
Outlook is very bullish.
Click here for chart of Oracle.
Trading at $121.56 which is above the 150 day simple moving average at $91.56 which has recently turned upwards. The breakthrough the previous high of $102 indicaties a very bullish outlook. A fall below $60 would be required to provide evidence of a breakdown of the current upward trend.
Pepsico (PEP)
Updated on 13th June 2023.
Outlook is very bullish.
Click here for chart of Pepsico.
Trading at $182.17 which is slightly above the upward trending 150 day simple moving average. The recent rally to a new all time high indicates a very bullish outlook for the stock. A fall below the old resistance level at $145 (which should provide support in a downturn) would be required to provide evidence of a breakdown of the current upward trend.
Pfizer (PFE)
Updated on 13th June 2023.
Outlook is bullish.
Click here for chart of Pfizer.
Trading at $39.91 which is below the 150 day simple moving average at $43.26 and the latter has recently turned downwards. However, the recent breakthrough the previous all time high of $48.72, reached in August 2021, indicates a bullish outlook. A fall to $30, which would take it back into the lower end an old and slightly downward trend channel, would change the outlook to bearish.
Philip Morris (PM)
Updated on 13th June 2023.
Outlook is moderately bullish.
Click here for chart of Philip Morris.
Trading at $92.64 which is below the 150 day simple moving average at $98.59, and the latter has recently turned upwards. The $90 level, which previously acted as a resistance level, is now acting as a support level, thereby indicating a moderately bullish outlook, as the 'stle bulls' who bought in at prices from $90 to $120 are likelt to impede upward progress. A fall below $90, with that level then acting as a resistance level, would be required to change the outlook from bullish to bearish.
Procter & Gamble (PG)
Updated on 13th June 2023.
Outlook is very bullish.
Click here for chart of Procter & Gamble.
Trading at $145.69 which is slightly below the 150 day simple moving average and the latter has recently turned upwards. However, the rally to a new all time high in 2022 indicates a very bullish outlook and the longer term upward trend channel remains intact. A fall below $125, taking the stock below this trend channel, would provide evidence of a change in outlook from bullish to bearish.
Qualcomm (QCOM)
Updated on 13th June 2023.
Outlook is bearish.
Click here for chart of Qualcomm.
Trading at $123.15 which is at the 150 day simple moving average and the latter has recently turned downwards. The stock broke through to a new all time high in early 2022, indicating a very bullish outlook. But the picture has changed dramatically since then, with the fall below $125 now indicating a bearish outlook. There are conflicting signals on the chart, but it looks unlikely that the stock will regain its former momentum. A rally higher than $50 would be required for that to happen.
Raytheon Technologies (RTX)
Updated on 13th June 2023.
Outlook is very bullish.
Click here for chart of Raytheon.
Trading at $99.93 which is on the 150 day simple moving average and the latter has recently turned upwards. The 150 day has not always been a reliable indicator for this stock. However, the stock has traded within an upward trend channel since the early 2000's indicating a strong bullish outlook. In addition, it has broken through a resistance level at $90, within this trend channel, further enhancing the bullish outlook. A fall below $54, which would take the stock below the trend channel, would be required to provide evidence of a breakdown of the upward trend.
Schlumberger (SLB)
Updated on 13th June 2023.
Outlook is moderately bullish.
Click here for chart of Schlumberger.
Trading at $47.42 which is below the 150 day simple moving average at $50.79, and the latter has recently turned downwards. The stock broke out from a downward trend in 2022, but is likely to encounter resistance at $60, as that old support level will now act as a resistance level, thereby indicating a moderately bullish outlook. A fall below $40 would change the outlook from moderately bullish to bearish.
Simon Property Group (SPG)
Updated on 13th June 2023.
Outlook is bearish.
Click here for chart of Simon Property Group.
Trading at $110.60 which is slightly below the 150 day simple moving average, and the latter has recently turned downwards. In addition, there has been a gradual weakening of the overall trend since 2018, thereby confirming a bearish outlook. A downward trend channel is evident since 2017. A rally to $170, taking the stock out of this trend channel, would be required to provide evidence of a breakout from the current downward trend.
Southern Company (SO)
Updated on 13th June 2023.
Outlook is very bullish.
Click here for chart of Southern.
Trading at $70.37 which is above the 150 day simple moving average at $69.31, and the latter has recently turned upwards. The recent breakthrough the previous all time high of $70 that was reached in 2020 indicates a very bullish outlook. Also, the stock has traded within an upward trend channel since 2021. A fall below $65, taking the stock below the trend channel, would be required to provide evidence of a breakdown of the current upward trend.
Starbucks (SBUX)
Updated on 13th June 2023.
Outlook is moderately bullish.
Click here for chart of Starbucks.
Trading at $98.59 which is slightly below the 150 day simple moving average at $103.45 and the latter has recently turned downward. However, the long term upward trend remains intact. The stock is trading well above that long term trend line, thereby indicating a moderately bullish outlook (as it is likely to fall to that level at some point in the future). A fall below $70, taking the stock below the long term trend line, would be required to provide evidence of a breakdown of the current upward trend.
Target (TGT)
Updated on 13th June 2023.
Outlook is very bearish.
Click here for chart of Target.
Trading at $127.04 which is below the downward trending 150 day simple moving average at $156.85. The stock would need to spend some time trading around the $200 level, to provide evidence of a breakout from the current downward trend.
Texas Instruments (TXN)
Updated on 13th June 2023.
Outlook is bullish.
Click here for chart of Texas Instruments.
Trading at $176.02 which is above the 150 day simple moving average at $173.94, and the latter has recently turned upwards. The stock has been on an upward trend since 2014. A fall below $150, which would take the stock below the trend line, would be required to provide evidence of a breakdown of the current upward trend.
US Bancorp (USB)
Updated on 13th June 2023.
Outlook is moderately bearish.
Click here for chart of US Bancorp.
Trading at $31.99 which is below the 150 day simple moving average at $39.75, and the latter has recently turned downwards, indicating a bearish outlook. That bearish outlook is moderated slightly by the support level evident at $30. However, the failure of the stock to hold the support level at $40, raises concerns that the $30 level also will not hold. A rally above $40 would be required to provide evidence that the stock has broken out of its downward trend.
Union Pacific (UNP)
Updated on 13th June 2023.
Outlook is bearish.
Click here for chart of Union Pacific.
Trading at $195.91 which is slightly below the 150 day simple moving average, and the latter has recently turned downwards. Also, the stock has lost the long term upward trend, thereby indicating a bearish outlook. A rally above $240 would be required to provide evidence of a break out from the current downward trend.
United Parcel Service (UPS)
Updated on 13th June 2023.
Outlook is moderately bullish.
Click here for chart of United Parcel Service.
Trading at $171.89 which is below the 150 day simple moving average at $181, and the latter has recently turned upwards. The former resistance level at $175 is now acting as a support level, thereby confirming a longer term upward trend, but the recent succession of lower highs moderates that bullish outlook. A fall below this key level at $175 would provide evidence of a breakdown of the current upward trend.
United Technologies (UTX)
Updated on 13th June 2023.
Click here for chart of United Technologies.
United Technologies reorganised operations in April 2020, on demerging some business units and merging the core business with Raytheon Technologies.
Verizon Communications (VZ)
Updated on 13th June 2023.
Outlook is very bearish.
Click here for chart of Verizon Communications.
Trading at $35.65 which is below the downward trending 150 day simple moving average at $38.33 and the latter has recently turned downwards. The failure of the stock to hold the $45 support level indicates a very bearish outlook. A rally above that level would be required to provide evidence that the stock has broken out from the current downward trend.
Visa (V)
Updated on 13th June 2023.
Outlook is very bullish.
Click here for chart of Visa.
Trading at $225.47 which is slightly above the 150 day simple moving average, and the latter has turned upwards. A support level of $200 is clearly evident on the chart, as is a the long term upward trend, confirming a bullish outlook. A fall below this key level of $200 would provide evidence of a breakdown of the current upward trend.
Walgreens Boots Alliance (WBA)
Updated on 13th June 2023.
Outlook is very bearish.
Click here for chart of Walgreens Boots Alliance.
Trading at $31.95 which is below the 150 day simple moving average at $35.38, and the latter has recently turned downwards again. The stock remains in a downward trend channel, thereby indicating a bearish outlook. A rally above $55, which would take the stock above this trend channel, would indicate a change in trend from bearish to bullish.
Walmart (WMT)
Updated on 13th June 2023.
Outlook is bullish.
Click here for chart of Walmart.
Trading at $154.71 which is above the 150 day simple moving average and the latter has changed direction quite frequently. The stock is encountering resistance at the $150 level, and has been on a strong upward trend since 2016, thereby indicating a bullish outlook. A fall below $119 would be required to provide evidence of a breakdown of the current upward trend.
Walt Disney (DIS)
Updated on 13th June 2023.
Outlook is moderately bearish.
Click here for chart of Walt Disney.
Trading at $93.74 which is close to the 150 day simple moving average, and the latter has recently turned downwards. However, the 150 day has not been particularly reliable in predicting the future movements of this stock. The key support level at $94 is apparent from the chart. The possibility of the stock failing to hold that important support level, and the lack of any support level a short distance below it, together with the presence of many 'stale bulls' who bought in at prices from $100 to $180, point to a moderately bearish outlook. A rally to $125 would be required to provide evidence of a breakout from the current downward trend.
Wells Fargo (WFC)
Updated on 13th June 2023.
Outlook is bearish.
Click here for chart of Wells Fargo.
Trading at $42.94 which is at the 150 day simple moving average, and the latter has recently turned downwards. There is a resistance level ahead at $50, and the stock has been unable to hold that level, thereby indicating a bearish outlook. A rally above the $50 level, and a period of time above that level for about 12 months or so, allowing 'stale bulls' to sell out, would be required for the outlook to change from bearish to moderately bullish. A rally up to $60, taking the stock above the downward trend channel, would be required to provide evidence of a more bullish outlook.