Rolls-Royce share price rally is showing signs of exhaustion after forming a risky chart pattern on the daily chart. RR was trading at 1,138p on Monday, down from the year-to-date high of 1,193p. So, will it rise or fall after publishing its results later this week?

Rolls-Royce share price has formed a risky pattern

The daily timeframe chart shows that the Rolls-Royce stock price has been on a strong uptrend in the past few years, mirroring the performance of other top companies in the industry like GE Aerospace and Safran.

This rebound has turned a company, which the current CEO described as a burning machine into one of the top gainers in the FTSE 100 Index. 

The daily chart shows that the rally has stalled in the past few months as it has remained inside the narrow channel between the support and resistance levels at $1,087p and 1,193p.

A closer look shows that the stock has formed what resembles a double-top pattern whose neckline is at 1,087p. A double-top is one of the most common bearish reversal patterns in technical analysis.

The stock’s top oscillators like the Relative Strength Index (RSI) and the MACD have also formed a bearish divergence pattern, which often leads to a strong bearish breakout.

Therefore, the most likely scenario is that the stock remains in this range this week. Alternatively, it may experience a sharp retreat to 1,000p because of the double-top pattern. 

The bearish Rolls-Royce stock price forecast will become invalid if it moves above the important resistance level at 1,193p, its all-time high. A move to that level will point to more gains, potentially to the resistance level at 1,200p.

Rolls Royce Holdings trading statement ahead 

The main catalyst for the Rolls Royce share price this year is the upcoming trading statement, which will come out on Thursday this week.

A trading statement is a brief document that updates the market about a company’s performance in a certain quarter. Rolls-Royce releases that statement to update investors ahead of the substantive half-year results. It also includes the management’s commentary on the trading conditions.

The most recent half-year results were published in July this year. They showed that the company’s business, especially its civil aviation segment, continued thriving as flight hours jumped and demand for spare parts soared.

The management remained optimistic that it would navigate the tariff issue well. Its engine flying hours rose by 8% to 8.1 million, while its large engine deliveries rose to 122.

The defense segment did relatively well, with its revenue rising by 1% to £2.2 billion and its operating profit softening to £342 million. 

Also, the power systems revenue rose by 20% to £2.04 billion, with its operating profit soaring to £313 million. This growth happened as it benefited from the demand of artificial intelligence-focused data centers.

Analysts expect that Rolls-Royce’s earnings will be good, but not as solid as during the last half-year results. 

In addition to the top-line and bottom-line figures, the company will also make a statement on the small modular reactor business, which it is exploring funding options. 

The FT reported that the company was exploring an IPO for the business, which the management rejected, noting that it was in talks with banks on the best options.

The post Will the Rolls-Royce share price rise or fall after earnings this week? appeared first on Invezz

Plug Power stock price has suffered a harsh reversal in the past few weeks, moving from a high of $4.58 in October to $2.50 today. This performance mirrored the pullback in the US stock market, where top indices like the Nasdaq 100 and S&P 500 dropped. So, will the stock rise or fall after its earnings report?

Plus Power stock price technical analysis 

The daily timeframe chart shows that the PLUG stock price has crashed in the past few weeks, falling from a high of $4.58 in the first week of October to $2.50 today.

It moved below the important support level at $3.30, its highest level in January this year, confirming the bearish outlook.  

The stock is hovering at the 50-day Exponential Moving Average (EMA), and is slightly above the 100-day MA. 

On the positive side, the decline is part of the cup-and-handle pattern, which is a common continuation sign. It has also formed a bullish engulfing candle, where a big bullish candle fully covers a small bearish one.

Therefore, there is a likelihood that the stock will bounce back and possibly hit the important resistance level at $3.30. A move above that level will point to more gains, potentially to the year-to-date high of $4.58.

On the flip side, a drop below the 100-day moving average at $1.42 will invalidate the bullish Plug Power stock price outlook.

PLUG stock chart | Source: TradingView

PLUG earnings ahead

The Plug Power stock price has reacted to some notable developments in the past few months. For example, it has started to install the 5 MW electrolyzer product for H2 Hollandia, which will become the biggest green hydrogen project in the Netherlands.

The company also delivered 44.5 metric tons of hydrogen for H2CAST in the Netherlands and signed a contract for 35 more tons.

Most importantly, the company successfully raised $370 million with a single investor, who then received 31 million shares with a strike price of $7.75 and an expiry on March 20, 2028. The new warrants give Plug Power the ability to raise $1.4 billion over time.

The next important catalyst for the Plug Power stock will be its third-quarter earnings, which will come out on November 10 after the market closes.

Data compiled by Yahoo Finance shows that analysts expect the results to show that the company’s revenue rose by 1.34% to $176 million, while its earnings-per-share will improve to -$0.13 from the previous -$0.24.

For the year, the company’s results are expected to be $707 million, up by 12.7% from what it made last year. It will then make $880 million in 2026.

A potential reason why the Plug Power stock price may surge is that it is one of the most shorted companies in the country, with a short interest of 28%. Recently, some highly shore

The post Plug Power stock price forecast ahead of earnings: buy or sell? appeared first on Invezz

The S&P 500 Index retreated sharply last week, moving from the year-to-date high of $6,915 to a low of $6,640 as concerns about the AI industry remained. Its top exchange-traded funds (ETF) like the SPY and VOO, also tumbled  

The stock market crash happened as the recent rally took a breather and as investors remained concerned about valuations and the AI bubble in the market.

Crucially, the index plunged as market participants reacted to the recent earnings by companies like Palantir and AMD, which are some of the top players in the AI space globally.

S&P 500 Index to react to key earnings 

The S&P 500 Index has done well this year as companies have continued to publish strong financial results.

Data compiled by FactSet shows that 91% of all companies in the S&P 500 Index have published their financial results. 

The blended earnings growth in this period has been 13.1%, representing the fourth consecutive quarter in which the US experienced a double-digit growth rate.

Earnings growth has been spread across all segments, including popular sectors like technology, retail, and consumer.

Looking ahead, the index will react to earnings from some key American companies. Occidental, the giant energy giant valued at over $40 billion, will publish its results on Monday. AST Spacemobile and Rocket Lab will release their numbers on the same day.

The other top companies to watch this week will be Applied Materials, Nebius, Oklo, Cisco, Transdigm, Disney, Nu Holdings, and Circle will publish their earnings.

While all these are large companies, their impact on the S&P 500 Index will be minimal. The only company yet to release its numbers that will have a major impact on the S&P 500 Index is Nvidia, which will release its results lately this month.

READ MORE: Palantir stock: is it okay to ignore its P/E multiple?

US government shutdown 

The other major catalyst that will impact the S&P 500 Index is any progress on the government shutdown, which has gone on for months  

This shutdown is not seeing any signs of ending, with the two sides maintaining their hard positions. There are signs that most Americans are blaming Donald Trump and the Republicans for this shutdown.

Data compiled by Polymarket shows that most traders expect the shutdown to continue for a while. Most of them expect it to continue through November 16 this year.

Signs that the shutdown is ending will be bullish for the stock market as it means that the statistics agencies will start publishing key macro data.

Federal Reserve speakers

The other key catalyst for the S&P 500 Index this week will be a statement by top Federal Reserve officials, who will provide more information about the next meeting.

Anna Paulson, Raphael Bostic, and Stephen Moran will be the key Fed officials to watch as they speak on Wednesday.

Miran, who joined the Fed recently, has maintained a highly dovish outlook as he hinted that the bank should deliver more cuts this year. He is said to be eying the Fed Chair post. Federal Reserve’s Beth Hammack and Jeff Schmid will also talk.

In line with this, the Bureau of Labor Statistics may decide to publish the latest consumer price index data this week as originally scheduled. A report showing that inflation dropped in October will be bullish for the index.

The post Top catalysts for the S&P 500 Index and VOO ETF this week appeared first on Invezz

The MSTR stock price has been in a strong downtrend, mirroring the performance of other Digital Asset Treasury (DAT) companies like Metaplanet, American Bitcoin, MicroCloud Hologram, and Semler Scientific. Strategy shares were trading at $241 on Friday, much lower than the year-to-date high of $456. It is hovering at its lowest level since November last year. So, what next for the OG of the treasury industry?

MSTR stock price technical analysis

The daily chart shows that the Strategy share price has been in a strong downtrend as it formed a series of lower lows and lower highs. It has now formed a death cross pattern as the 50-day and 200-day moving averages crossed each other.

The stock has moved below the Ichimoku cloud indicator, a sign that bears remain in control. Also, it has moved below a crucial indicator known as a Supertrend. Top oscillators like the Relative Strength Index (RSI) and the MACD indicators have also continued falling.

The MicroStrategy stock price has also formed an inverse cup-and-handle pattern, which often leads to more downside over time. This pattern is made up of a horizontal support level and a rounded top.

Therefore, the stock will likely continue falling in the coming months, with the next key level to watch being at $200. On the other hand, a move above the important resistance level at $300 will invalidate the bearish outlook.

Why the Strategy stock price is falling

The MSTR stock price has been in a strong downtrend in the past few months for several reasons. First, Bitcoin, its top asset, has continued its strong downtrend this month. It has dropped from a high of $126,300 in September to the current $101,000.

Bitcoin’s performance is notable because Strategy is the biggest holder in the industry. It holds 641,205 coins currently valued at over $65 billion. At Bitcoin’s peak, the company’s assets were valued at over $80 billion. Still, Strategy’s Bitcoin purchases have been profitable, with a 37% return.

The stock has crashed because of its valuation concerns. Ideally, Strategy has always been valued at a premium of its Bitcoin holdings, which has not made sense.

Strategy’s business model is relatively simple. It has its technology business, which is normally valued at about $1 billion. The rest of its business is its Bitcoin holdings, which are valued at $65 billion. It normally carries little cash and has over $8 billion in debt.

Strategy has a market cap of over $69 billion and an enterprise value of $84 billion. This 1.29 premium is usually hard to explain, which explains why it continues to drop. A falling premium will always make it hard for the company to raise cash.

Additionally, the Bitcoin treasury industry has generated negative publicity in the past few years. That’s because it attracted most companies that were going through a rough time, with many expecting it to replicate Strategy’s approach. This includes companies like Metaplanet, Trump Media, and GD Culture Group.

The post MSTR stock price analysis: Why is Strategy falling, and will it rebound? appeared first on Invezz

The DraftKings stock price woes accelerated after the company published its quarterly results and issued a weak forward guidance. DKNG crashed by over 7% to $25 on the extended hours, much lower than the year-to-date high of $53. So, is it safe to buy the dip?

DraftKings stock falls after earnings 

DraftKings, one of the biggest sportsbook companies in the world, is not doing well as competition rises and the sector slows.

In its earnings report on Thursday, the company said that its monthly unique active users rose by just 2% to 3.6 million, much lower than its growth a few years ago.

The average revenue per user rose by 3% to  $106, also lower than how it used to grow a few years ago. 

In its report on Thursday, the company said that its sportsbook handle rose to $11.4 billion from $10.6 billion in the same period last year. The figure has been dropping sequentially after peaking at $14.9 billion in the fourth quarter of last year.

READ MORE: Duolingo stock implodes after earnings: is this beating fair?

The sportsbook revenue came in at $596 million, down from $657 million in the same period last year. 

Altogether, the company’s revenue came in at $1.14 billion, up from $1.09 billion last year, while its net loss was $270 million.

Most importantly, the company revised its forward guidance lower. It now expects that its revenue will be $5.9 billion, down from $6.1 billion in 2024. If it achieves this, it will mean that its total revenue growth will be between 24% and 28%.

It also lowered its EBITDA guidance to between $450 million and $550 million, also lower than what it expected. 

The company’s weak guidance is likely because people are placing fewer bets than they did in the past. Also, competition has jumped over the years, with some of the biggest competitors being companies like FanDuel, BetMGM, Caesars Sportsbook, BetRivers, and PointsBet. 

DKNG stock price analysis 

The daily timeframe chart shows that the DKNG stock price has come under intense pressure in the past few months, moving from the year-to-date high of $53 in February to $25 today. This performance is in line with that of other top companies in the industry.

DraftKings stock price formed a death cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other.

It has now plunged below the important support level at $29.78, its lowest level in April this year, a sign that bears have prevailed.

Oscillators like the Relative Strength Index (RSI) and the MACD indicators have all continued falling this month. Therefore, the path of the least resistance for the DKNG stock price is downwards, with the next key target being at $20. A move above the resistance at $29.7 will invalidate the bearish outlook.

The post Here’s why the DraftKings stock is in a freefall after earnings appeared first on Invezz

The Airbnb stock price rose in the extended hours as investors reacted to its strong financial results, which showed that its business was doing well. ABNB rose by 5% to $156, up from the closing price of $120. Still, the stock remains 26% below its highest level this year.

Airbnb stock rises as it boosts its guidance 

Airbnb, the giant vacation rental company, published stronger-than-expected financial results, which showed that its business was doing relatively well.

Its revenue rose by 10% in the third quarter to $4.1 billion, higher than the median estimate of $4 billion. 

It has become a highly profitable company, with its net income jumped to $1.4 billion, giving it a net income margin of 34%. The trailing twelve months free cash flow jumped to $4.5 billion.

Most importantly, the management boosted its forward guidance, a sign that it expects its business to do well over time. Its revenue will be between $2.6 billion and $2.72 billion in the fourth quarter, representing an annual growth rate of between 7% and 10%.

The company also boosted its profitability estimates, with the expected EBITDA margin coming in at 35%. 

Airbnb’s business is doing well in a difficult market, with the US now being in its longest shutdown ever, with over 1 million people not receiving their paychecks.

It is benefiting from some of the management’s initiatives, including the ‘reserve now, pay later’ option it launched in August. This differed payment option has, in particular, helped it grow its bookings in the United States.

Most importantly, its key markets in countries like India and Japan have continued rising this year. At the same time, its experiences business continued to thrive, months after the relaunch.

Airbnb’s results mirror those of other companies in the hospitality industry like Booking Holdings and Expedia which published strong numbers and boosted their forward guidance.

Airbnb continued to return cash to its shareholders as it repurchased shares worth over $857 million during the quarter, which brought its outstanding shares to 646 million, down from 681 million in the same period in 2023.

Share repurchases help to manage the impact of dilution and to boost the earnings per share. These repurchases are part of its $6.6 billion program, which is a substantial amount for a company valued at over $74 billion.

The company also has a strong balance sheet, with over $11.7 billion in cash and equivalents. It also has about $7.2 billion of funds held on behalf of its customers.

There are signs that the Airbnb stock is a bargain as it trades at a forward PE ratio of 24, which is in line with the S&P 500 Index. Its EV/EBITDA stands at 25, also lower than other companies with a large market share in their industries.

ABNB stock price technical analysis 

ABNB Stock chart | Source: TradingView

The daily timeframe chart shows that the ABNB stock price has come under pressure in the past few months as investors remained concerned about its growth trajectory.

It dropped from a high of $163 in February to the current $120, erasing billions of dollars in value. As it dropped, the company moved below the 50-day and 100-day Exponential Moving Averages (EMA).

Most recently, it formed an island reversal pattern, which explains why it rebounded after publishing its financial results.

Therefore, the most likely Airbnb stock forecast is bullish, with the initial target being at $130, the upper side of the island reversal pattern.

The post Airbnb stock price analysis after earnings: buy or sell? appeared first on Invezz

Marvell Technology stock price has staged a strong comeback in the past few months, moving from a low of $47 in April to a high of $92.90. This rebound continued this week amid reports that Masayoshi Son considered placing a bid for the company, and after it published strong results. 

Softbank considered buying Marvell Technology

Masayoshi Son, the billionaire founder of Softbank, has been studying and talking with Marvell this year. According to Bloomberg, he is aiming to acquire the company and possibly combine it with Arm Holdings, a top semiconductor firm that he controls.

A deal to acquire Marvell Technology would be a big deal because of it size. It has a market capitalization of over $80 billion, down from a peak of $109 billion late last year. As such, it would likely seek a buyout price that is much higher than that.

At the same time, there are concerns on whether the deal would be allowed to go on in the first place. For one, it is unclear whether the Trump administration will be comfortable giving away an American chip giant to a Japanese firm.

Also, there would be anti-trust issues in key countries in the United States, Europe, China and other countries. A good example is when Nvidia attempted to buy Arm, only for regulators to block the deal.

Bloomberg also reported that other companies may consider making a bid for Marvell. Based on it size, companies that may comfortably place a bid are firms like Nvidia, Broadcom, TSMC, Samsung, AMD, Micron, Lam Research, and Qualcomm.

The other major challenge is that Marvell has not won major clients recently. For example, OpenAI has opted for Broadcom for its custom semiconductors. 

MRVL’s business is doing relatively well

The most recent results showed that Marvell’s business was doing well as its revenues and profitability jumped, driven by the ongoing demand for semiconductors. These results helped the company continue its recovery after the stock plunged in March after weak guidance. 

Marvell Technology said that its revenue rose by 56% in the second quarter to $2 billion. This revenue was higher than expected and a few points above midpoint guidance. 

The company, like other top players in the semiconductor industry, is benefiting from the growth in the data center sector. Its data center revenue rose by 68% to $1.49 billion and was about 74% of its consolidated revenue.

The company also noted that its enterprise and carrier businesses were recovering, with combined revenue growth of 43%.

Looking ahead, the next key catalyst for Marvell stock will be its December earnings. Analysts expect the results to show that its revenue rose by 36% in the last quarter to $2.06 billion. These analysts also see its annual revenue rising by 40% to $8.13 billion. 

READ MORE: Is it safe to buy the Marvell stock price dip or sell the rip?

Marvell stock price technical analysis 

MRVL stock price chart | Source: TradingView

The daily timeframe chart shows that the MRVL stock price has jumped from a low of $46 in April to $92.90 today. It recently moved above the key resistance level at $85, its highest point in June. 

The stock has recently formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. It has moved above the Ichimoku cloud indicator. 

Therefore, the stock will likely continue rising as bulls target the key resistance at $110. This target is about 18% above the current level. A drop below the key support at $85 will invalidate the bullish view.

The post Marvell stock rises amid Softbank buyout rumors: will it happen? appeared first on Invezz

Broadcom stock price has done well this year, helped by the ongoing AI tailwinds that have turned it into a $1.57 trillion juggernaut. It has jumped by 160% from its lowest level in April when Donald Trump unveiled his reciprocal tariffs. AVGO now trades at $358, a few points below the all-time high. 

AVGO business is thriving 

Broadcom is one of the biggest companies globally, thanks to its diverse products and services that span across different industries. It is a major provider of semiconductor solutions, including in areas like wired and wireless communications. 

The company also offers storage and systems, and optical and motion solutions to some of the biggest companies in tech. For example, it has a multi-billion-dollar deal with Apple, where it provides wireless solutions found on its iPhones.

The company also offers other solutions, including infrastructure software, including its VMware portfolio, mainframe solutions, and cybersecurity. It has created these businesses through giant acquisitions, including the $69 billion buyout of VMware, $18 billion of CA Technologies, $10.7 billion of Symantec, and $5.9 billion of Brocade. 

Broadcom’s business has been in a strong trajectory this year, helped by its AI solutions. These tailwinds intensified recently when it announced a giant partnership with OpenAI. 

This deal will create 10 gigawatts of custom AI and will be implemented beginning late 2026 and full rollout happening at the end of 2029. In their statement, OpenAI will design the AI accelerators and system architecture and Broadcom will manufacture them.

The deal is important because it may help it attract more clients in the AI space, including popular names like Anthropic and xAI. It will also be a high-margin business, and the company has hinted of a $10 billion order with a mystery client.

Broadcom revenue and profit growth

The most recent results showed that Broadcom’s business brought in $15.95 billion in revenue in the third quarter. This revenue was up by 22% from what it made in the same period last year. 

Broadcom’s net income jumped to over $4.1 billion, while its adjusted EBITDA jumped to $10.7 billion. This figure is notable as it represented about 67% of its total revenue. Hock Tan, the CEO, noted:

“We expect growth in AI semiconductor revenue to accelerate to $6.2 billion in Q4, delivering eleven consecutive quarters of growth, as our customers continue to strongly invest.”

Broadcom has also continued to return cash to investors through dividends, paying $2.8 billion in the last quarter. 

Still, analysts believe that Broadcom’s business will continue doing well. The expectation is that its revenue will grow by 24% to $17.46 billion. This growth will bring its annual revenue figure to $63 billion, up by 22% from the same period last year. 

Still, the biggest concern about Broadcom is that it is a highly expensive company. Its forward price-to-earnings ratio is 82.6, much higher than the sector median of 32. Its forward PEG ratio is 1.75, higher than the five-year average of 1.45.

Its valuation metrics are also higher than those of other faster-growing companies like Nvidia. 

Broadcom stock price technical analysis 

The daily timeframe chart shows that the AVGO stock price peaked at $386 and then pulled back to $358. It has remained significantly above the 50-day and 100-day moving averages. 

Broadcom stock has formed a double-top pattern at $372 and a neckline at $324, its lowest point in October. It has also formed an island reversal pattern. 

Therefore, the most likely scenario is where it resumes the downtrend and retest the neckline at $324 ahead of its earnings in December. A move above the year-to-date high of $385 will invalidate the bearish view.

The post Is the expensive Broadcom stock a good buy today? appeared first on Invezz

The FTSE 100 Index held steady near its all-time high as the Bank of England delivered its interest rate decision and as several important companies like BT, National Grid, and AstraZeneca published their financial results. It has jumped by 29% from its lowest level in April.

FTSE 100 Index steady after BoE decision 

The FTSE 100 Index, which tracks the biggest companies in the UK, published its interest rate decision that was in line with expectations.

It left interest rates unchanged at 4% as officials remained concerned about inflation, which has moved in the opposite direction in the past few months. The most recent report showed that the UK inflation rose is to 3.8% in September, much higher than the bank’s target of 2.0%.

In its statement, the bank predicted that inflation will come downwards in the coming years, reaching its 2% target in 2027. In contrast, the European Union’s inflation is hovering around the 2% target in the past few months.

Still, analysts believe that the bank will consider cutting rates in December despite the immediate inflation risks. 

The FTSE 100 Index also reacted to a statement by Rachel Reeves, the Chancellor. In it, she hinted that her upcoming budget will have some tax hikes, as she tries to fill her budget hole.

Meanwhile, some major FTSE constituent companies published mixed financial results this week. BT Group’s results showed that its slow down continued, pushing the company to accelerate its layoff process.

Other companies that published their results this week were companies like AstraZeneca, National Grid, Auto Trader, and IAG, the parent company of British Airways and Aer Lingus.

Top Footsie companies to watch 

The FTSE 100 Index will be in the spotlight as some key companies publish their results and trading statements next week.

Rolls-Royce Holdings will be one of the top companies that will publish its trading statement next week. Its statement will be watched closely because its stock has been in a strong uptrend in the past few years, helped by its civil aviation, defense, and power businesses.

Analysts expect that the company’s forward guidance will be strong as evidenced by the recent strong results by top companies in Europe, Asia, and Europe.

The other notable FTSE 100 Index stock to watch will be Vodafone, the giant telecom company, which will publish its results on Monday. Its most recent results showed that its revenue rose by 3% in the first quarter to 9.4 billion euros, with its service revenue rising by 5.3% to 7.9 billion euros.

This revenue growth was driven by its Three acquisition, which helped to offset the 3% decline in its core market of Germany, where it struggled because of a TV law change.

3i Group will be another top FTSE 100 Index company to watch as it releases its numbers. 3i is a top investor that owns companies like Audley Travel, BoConcept, Constellation, and Christ. It will publish its numbers on November 12.

The other top FTSE 100 stocks to watch will be Endeavor Mining, Burberry, United Utilities, Intermediate Capital Group, and SSE.

FTSE 100 Index technical analysis

The daily timeframe chart shows that the FTSE 100 Index has been in a strong uptrend in the past few months, moving from a low of £7,545 in April to £9,800 today. 

It has already moved above the important resistance level at £9,000 and the £8,900, its highest level since March this year.

It has remained above the 50-day and 100-day Exponential Moving Averages (EMA)and the Ichimoku cloud indicator.

The most likely scenario is where it continues rising in the coming weeks. If this happens, it will likely hit the important resistance level at £10,000.

The post FTSE 100 Index shares to watch: Rolls-Royce, Burberry, Vodafone appeared first on Invezz

The DAX Index remained in a tight range this month, remaining between the key support and resistance levels at €23,363 and €24,650. It reacted to earnings of key companies like BMW, Siemens Healthineers, Commerzbank, and Heidelberg Materials. This article looks at some of the top companies to watch next week.

Bayer

Bayer, a top player in human and animal health, will be one of the top companies in the DAX Index to watch next week as it publishes its financial results. 

The results come as the company’s momentum experienced earlier this year fades. This momentum faded after it published its financial results, which showed that its crop science revenue dropped by 1.2% in the year’s first half. 

Bayer’s pharmaceutical revenue rose by 2.3%, while its consumer health rose by 1.4%. Therefore, the upcoming results will provide more color on whether its business is doing well. 

Still, there is a likelihood that the Bayer share price will drop after it earnings as it has formed a double-top pattern at 29.68 euros. It has also moved below the 50-day and 100-day moving averages, a sign that bears remain in control. 

Siemens 

Siemens is one of the biggest companies in the DAX Index. It is an industrial giant that makes products in industrial automation, energy and smart infrastructure, mobility and transportation, and software solutions. Its solutions are widely used in the manufacturing industry.

Siemens stock will be in the spotlight as it publishes its financial results, which will provide more color on its business. Its recent third-quarter numbers showed that its orders jumped by 25% to 24.7 billion euros, while its revenue rose by 3% to 19.4 billion euros. Additionally, the company’s net income rose to 2.2 billion euros, while its free cash flow rose. 

Siemens share price has moved sideways in the past few days. It was trading at 241 euros, a few points above the year-to-date high of  €252. It has jumped by almost 50% from its lowest level this year. 

Deutsche Telekom 

The other important DAX Index stock to watch will be Deutsche Telekom, the biggest shareholder in T-Mobile. Its stock has crashed to  €26, down sharply from the year-to-date high of  €35. 

The stock has already formed a death cross pattern and technicals points to more downside. This crash accelerated after its second-quarter revenue came in at  €28.7 billion, which was lower than expectations. 

Therefore, the upcoming results will provide the company with an opportunity to reset and possibly boost investor confidence. 

The other top companies to watch in the DAX Index are firms like Deutsche Post, Merck, Allianz, RWE, E.ON, Infineon, and MunichRe. 

Allianz, Munich Re, and Hannover Rueck are the biggest insurance companies in the country. 

DAX Index technical analysis 

The daily timeframe chart shows that the DAX Index remained in a tight range in the past few months. It has remained inside the key support at  €3,363 and the resistance at  €24,650. 

On the positive side, the stock has formed an inverse head-and-shoulder pattern. This means that it may bounce back, and possibly retest the key resistance level at  €25,000. However, a move below the support at  €23,363 will invalidate the bullish view.

The post DAX Index stocks to watch: Bayer, Siemens, Allianz, Deutsche Telekom appeared first on Invezz