Technical Analysis of Facebook, Amazon, Apple, Netflix, and Alphabet (Google) - FAANG Stocks: Strongest Technology Stocks May 2021 | EfPrime Finance
If you are looking to invest in foreign stocks abroad, then consider investing in FAANG Stocks.
The term was coined by Jim Cramer, the television host of CNBC's Mad Money, in 2013, who praised these companies for being “totally dominant in their markets”. Originally, the term FANG was used, with Apple—the second “A” in the acronym—added in 2017. (source: investopedia.com)
Here is the latest technical analysis as of 14 May 2021 for each of them.
A. FACEBOOK
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| Technical chart of Facebook (Daily Time Frame) |
Facebook is currently trading below 21 days Exponential Moving Average (EMA).
Relative Strenght Index (RSI): In between oversold and overbought (healthy level)
Stochastic (Stoch): Currently oversold (bearish)
Moving Average Convergence Divergence (MACD): Currently oversold (bearish)
Over All: Buying Opportunity
B. AMAZON
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| Technical Charts of Amazon (Daily Time Frame) |
Amazon is currently trading below 21 days Exponential Moving Average (EMA).
Relative Strenght Index (RSI): Nearing oversold (bearish)
Stochastic (Stoch): Currently oversold (bearish)
Moving Average Convergence Divergence (MACD): Currently oversold (bearish)
Over All: Buying Opportunity
C. Apple
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| Technical chart of Apple (Daily Time Frame) |
Apple is currently trading below 21 days Exponential Moving Average (EMA). (bearish)
Relative Strenght Index (RSI): Reversal near oversold level (bullish)
Stochastic (Stoch): Currently oversold (bearish)
Moving Average Convergence Divergence (MACD): Currently oversold (bearish)
Over All: Buying Opportunity
D. Alphabet (Google)
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| Technical chart of Google (DailyTime Frame) |
Google is currently trading below 21 days Exponential Moving Average (EMA). (bearish)
Relative Strenght Index (RSI): Reversal of downtrend (bullish)
Stochastic (Stoch): Currently oversold (bearish)
Moving Average Convergence Divergence (MACD): Currently oversold (bearish)
Over All: Buying Opportunity
E. Netflix
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| Technical Chart of Netflix (Daily Time Frame) |
Netflix is currently trading below 21 days Exponential Moving Average (EMA).
Relative Strenght Index (RSI): Only above oversold (bearish)
Stochastic (Stoch): Currently oversold (bearish)
Moving Average Convergence Divergence (MACD): Currently oversold (bearish)
Over All: Buying Opportunity
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