Death Cross

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Calix (CALX) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-05-16 14:56
Group 1 - Calix, Inc (CALX) has reached a key level of support, with its 50-day simple moving average crossing above its 200-day simple moving average, indicating a "golden cross" which may signify a potential bullish breakout [1] - A golden cross consists of three stages: a downtrend that bottoms out, a shorter moving average crossing above a longer moving average, and a subsequent upward price movement [2] - CALX has experienced a rally of 33.7% over the past four weeks, and currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it could be poised for a breakout [3] Group 2 - There have been two upward revisions in earnings expectations for CALX in the current quarter, with no downward revisions, and the Zacks Consensus Estimate has also increased [3] - The combination of positive earnings estimate revisions and the technical breakout signals indicates that investors should monitor CALX for potential gains in the near future [4]
Should You Buy Insteel Industries (IIIN) After Golden Cross?
ZACKS· 2025-05-15 14:56
Insteel Industries, Inc. (IIIN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, IIIN's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average ...
After Golden Cross, Telefonica Brasil (VIV)'s Technical Outlook is Bright
ZACKS· 2025-05-13 14:55
Technical Analysis - Telefonica Brasil S.A. (VIV) has reached a key level of support, with its 50-day simple moving average crossing above its 200-day simple moving average, indicating a "golden cross" [1] - A golden cross is a bullish technical chart pattern that suggests a potential breakout, characterized by a short-term moving average surpassing a long-term moving average [2] Stock Performance - VIV shares have increased by 10.3% over the past four weeks, indicating positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further gains [3] Earnings Outlook - There has been a positive shift in earnings estimates for VIV, with one revision higher and no downward revisions in the past two months, leading to an increase in the Zacks Consensus Estimate [3][4] - The combination of positive earnings outlook and technical indicators positions VIV as a stock to watch for potential gains in the near future [4]
Eldorado Gold Corporation (EGO) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-04-29 14:55
Core Viewpoint - Eldorado Gold Corporation (EGO) has reached a significant support level and is considered a potential investment opportunity due to a recent technical indicator known as a "golden cross" [1]. Technical Analysis - EGO's 50-day simple moving average has recently broken above its 200-day moving average, indicating a bullish breakout [1]. - A golden cross is characterized by a downtrend followed by a crossover of the shorter moving average over the longer moving average, leading to a trend reversal and subsequent price increase [2]. Performance Metrics - Over the past four weeks, EGO's stock has gained 14.2% [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further breakout [3]. - Earnings expectations have improved, with two upward revisions and no downward changes in estimates over the past 60 days, contributing to a positive outlook [3][5].
Should You Buy Regulus (RGLS) After Golden Cross?
ZACKS· 2025-04-24 14:55
Core Insights - Regulus Therapeutics Inc. (RGLS) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - The recent breakout of RGLS's 50-day simple moving average above its 200-day moving average signifies a "golden cross," which is a bullish indicator [1] - RGLS has experienced a substantial price increase of 97.7% over the last four weeks, suggesting strong upward momentum [3] Technical Analysis - A golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [2] - The occurrence of a golden cross is contrasted with a death cross, which indicates potential bearish price movement [2] Earnings Expectations - RGLS's earnings expectations have shown positive changes, with two upward revisions and no downward revisions in the last 60 days, enhancing the bullish outlook [3] - The Zacks Consensus Estimate for RGLS has also moved upward, further supporting the positive sentiment around the stock [3] Investment Consideration - Given the technical indicators and positive earnings estimate movements, RGLS is recommended for investors to consider adding to their watchlist [5]
S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?
MarketBeat· 2025-04-23 15:40
Core Viewpoint - The S&P 500 Index and Nasdaq-100 Index have both triggered a bearish chart pattern known as the Death Cross, which historically indicates a potential bear market [1][2][3]. Market Context - The recent Death Cross occurred on April 14, 2025, amidst market selloff driven by President Trump's tariffs, reigniting trade tensions with China and raising recession fears [3][4]. - Companies in the consumer staples sector, such as Walmart Inc. and Delta Air Lines, have withdrawn their guidance due to economic uncertainty caused by tariffs [4]. Historical Precedents - Historical instances of Death Cross formations have preceded significant market downturns, including the Dot-Com crash in March 2000, the Global Financial Crisis in December 2007, and the market correction in March 2022 [6][14]. - The last Death Cross before the current one occurred on March 14, 2022, and took 11 months to reverse back into a Golden Cross in February 2023 [7]. Key Support Levels - For the S&P 500 Index, a critical support level to monitor is $490.58, which represents a 20% bear market pullback from recent highs [8]. - The Nasdaq-100 Index experienced a sharp decline below the bear market pullback level of $432.65 but rebounded above it shortly after [11][12]. Market Behavior and Recovery - Not all Death Crosses lead to prolonged downturns; some have reversed quickly, such as the December 2018 and March 2020 Death Crosses, which turned back into Golden Crosses within four months [15][16]. - Catalysts for potential market recovery may include the resolution of trade tensions, interest rate cuts, positive economic reports, and strong earnings seasons [17].
Newmont Corporation (NEM) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-04-17 14:55
Core Viewpoint - Newmont Corporation (NEM) is showing potential as a bullish investment opportunity due to a recent technical indicator known as a "golden cross" and positive earnings outlook [1][4]. Technical Analysis - NEM's 50-day simple moving average has crossed above its 200-day simple moving average, indicating a "golden cross" which often signifies a potential bullish breakout [1][2]. - A golden cross typically follows a downtrend, where the stock's shorter moving average crosses above the longer moving average, leading to a trend reversal and subsequent price increase [2][3]. Performance Metrics - Over the past four weeks, NEM has experienced a price increase of 16.6% [4]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4]. Earnings Outlook - The earnings outlook for NEM is positive, with no earnings estimates decreasing in the past two months, while there have been four upward revisions [4]. - The Zacks Consensus Estimate for NEM has also increased, reinforcing the bullish sentiment around the stock [4][5].
Disney and BAC could soon form a death cross: here's why you shouldn't sell both
Invezz· 2025-04-15 18:40
US stocks have reclaimed some of the lost ground in recent sessions after President Trump agreed to a 90-day pause on almost all of his reciprocal tariffs, except those on China.But there still are names, even in the large-cap space, that are on the verge of forming a “death cross” at writing, indicating potential for significant further downside ahead.These include the Walt Disney Co (NYSE: DIS) and the Bank of America Corp (NYSE: BAC). But does that mean you should pull out of both immediately? Let’s expl ...
Death Cross hits Tesla stock; TSLA crash to $200 next?
Finbold· 2025-04-15 10:18
Tesla’s (NASDAQ: TSLA) share price is at risk of dropping to around $200 after Finbold identified that the equity formed its first death cross in over a year, coinciding with a period of underlying bearish fundamentals.Tesla closed Monday at $252, just below its 50-day and 200-day moving averages, confirming the crossover.TSLA stock price analysis chart. Source: TradingView/FinboldHistorically, the death cross is viewed as a lagging indicator that often signals a longer-term downtrend. While not consistentl ...
TSMC Triggers Death Cross As Trump Tariff Threats Add To Investor Concerns
Benzinga· 2025-04-10 19:15
Taiwan Semiconductor TSM has just triggered a technical Death Cross — and it's not the only signal weighing on investor sentiment. Chart created using Benzinga ProTechnical Warning signs Pile Up For TSM StockTechnically, things look bleak. With shares down 25% year to date and 11% in the past month, TSM stock has sunk below its eight, 20, and 50-day simple moving averages—a textbook sign of a strongly bearish trend. Even the 200-day simple moving average, at $184.40, sits far above TSM stock, at $150.69, of ...