Market analysis

Down for 4 straight years, will the Hang Seng index capitulate?
December 26, 2023 03:02 PM AEDT| By InvezzThe Hang Seng index continued its downward trend in 2023 as hopes of a swift recovery of the Chinese market fizzled. The index plunged by more than 16% in 2023, diverging with its global peers like the Nasdaq 100 and S&P 500, which rose by 52% an...

Arbitrum (ARB) price, DeFi ecosystem booms but there’s 1 key risk
December 22, 2023 10:37 PM AEDT| By InvezzArbitrum (ARB) crypto price has staged a strong recovery as the crypto bull run continues and it continues gaining market share. The ARB token soared to a high of $1.3600, its highest point since May 6th. It has risen by over 79% from its lowest leve...

Celsius (CELH) stock is in a deep bear market and I’m buying
December 22, 2023 07:02 PM AEDT| By InvezzCelsius Holdings (NASDAQ: CELH) stock price is stuck in a deep bear market as this year’s momentum fades and as more investors start to take profits. After peaking at $70 in September, the stock has plunged by over 27% to $50. This retreat has lowere...

Axelar (AXL) price forecast as the surge continues: is it a buy?
December 22, 2023 05:02 PM AEDT| By InvezzAxelar (AXL) price has surged in the past few weeks as demand for cryptocurrencies jump. The token jumped to a high of $1.2797, a record high. It has risen by more than 280% from its lowest point this year. This rally has brought its total market cap...

What’s going on with the EOS price in this crypto bonanza?
December 22, 2023 11:07 AM AEDT| By InvezzEOS price has slowly continued its bullish rally as the ongoing crypto bonanza gained steam. The coin surged to a high of $0.8916, its highest point since June 10th. It has risen by more than 67% from its lowest point this year, giving it a market ca...

Salesforce stock outlook: Morgan Stanley sees a 35% upside
December 22, 2023 08:42 AM AEDT| By InvezzSalesforce Inc (NYSE: CRM) has about doubled in 2023 but a Morgan Stanley analyst is convinced that it’s not out of juice just yet. Salesforce stock should be worth $350 Keith Weiss upgraded the software firm this morning to “overweight” and raised h...

Fantom breaks above $0.47; analyst suggests FTM could see a 38% leg up
December 22, 2023 05:01 AM AEDT| By InvezzFantom (FTM) price has crossed above $0.47 after surging double digits on Thursday. The daily trading volume had jumped 116% to $337 million, while open interest in Fantom futures had soared by 25% to $123.6 million as of December 21. With FTM price...

Jasmy price prediction: ripe for a 26% jump soon
December 22, 2023 01:56 AM AEDT| By InvezzJasmyCoin price held steady on Thursday as the crypto bull run resumed. The $JASMY token surged to a high of $0.0065, a few points below this month’s high of $0.0067. It has soared by more than 115% from its lowest point this year. Why is Jasmy token...

Polished (POL) stock price spiked: here’s why gains could be brief
December 22, 2023 01:16 AM AEDT| By InvezzPolished.com (POL) stock price made a major move on Wednesday for apparently no reason. The shares surged by more than 600%, lifting it to a high of $10.90, its highest point since August 4th. At its highest point, the stock was up by more than 890%...

Apple will be worth $4.0 trillion by the end of 2024: Wedbush analyst
December 21, 2023 05:08 AM AEDT| By InvezzApple Inc (NASDAQ: AAPL) is on course to end 2023 at an all-time high but a senior Wedbush Securities analyst is convinced that the coming year will be another strong one for the iPhone maker. Apple stock has upside to $250 Dan Ives reiterated his “o...

Canopy Growth: What next for the vulnerable CGC stock?
December 21, 2023 02:55 AM AEDT| By InvezzCanopy Growth (NASDAQ: CGC) stock price had a tough performance in 2023. It started the year well as it peaked at $32.18 in February before diving to the year-to-date low of $3.43. This crash was in line with other cannabis stocks like Tilray Brands,...

Most shorted UK stocks: HL, Kingfisher, Abrdn, Royal Mail, Tullow Oil
December 21, 2023 12:45 AM AEDT| By InvezzUK stocks have continued to lag their global peers in 2023. The blue-chip FTSE 100 index rose by about 2% in 2023 compared to the S&P 500 index gain of over 24%. It has also trailed behind its European peers like the German DAX and the CAC 40, wh...

Petrofac share price short squeeze explained: why did PFC pop?
December 20, 2023 11:40 PM AEDT| By InvezzThe Petrofac (LON: PFC) share price went parabolic on Wednesday, leading to one of the biggest short squeezes in London this week. The stock surged to a high of 37.25p, its highest point since November. At its peak, the stock was up by more than 150%...

What’s going on with T2 Biosystems (TTOO) stock?
December 20, 2023 09:00 PM AEDT| By InvezzT2 BioSystems (NASDAQ: TTOO) stock price rose by more than 23% on Tuesday amid a short-squeeze and as some investors bought the dip. The shares jumped to a high of $4.81, its highest point sice mid-November. Despite the jump, the stock has crashed by...

Nikola (NKLA) stock analysis: dark chapter closes, shorting is risky
December 19, 2023 10:00 PM AEDT| By InvezzNikola (NASDAQ: NKLA) stock price crashed by more than 9% after a judge sentenced Trevor Milton to four years in jail. The sentence closed a dark chapter in Nikola’s history as the management attempts to turn around the company. Its stock has plunged...

The sad collapse of Superdry share price from 1,948p to 33p
December 19, 2023 05:02 PM AEDT| By InvezzThe Superdry (LON: SDRY) share price continued its remarkable sell-off as concerns about the company’s growth continued. The stock plunged by over 20% on Tuesday to a low of 33p. This is a strong sell-off considering that it peaked at 492p in 2021 an...

ChargePoint (CHPT) stock price: good in theory, bad in practice
December 19, 2023 01:00 PM AEDT| By InvezzChargePoint (NASDAQ: CHPT) stock price has been in a freefall in 2023 and is hovering near its lowest level on record. The shares were trading at $2.68 on Monday, a few points above its all-time low of $1.77. They have slipped by over 94% from their...

Crypto price predictions: Memeinator (MMTR), Stacks, Woo Network
December 19, 2023 07:08 AM AEDT| By InvezzCryptocurrency prices were mixed at the start of the week as the recent rally continued fizzled. Bitcoin continued to consolidate at $41,000 while Ethereum remained above $2,170. The total market cap of all cryptocurrencies dropped slightly to $1.57...

Astar Network (ASTR) price just spiked: here’s the reason
December 18, 2023 09:00 PM AEDT| By InvezzAstar Network (ASTR) price was one of the best-performing cryptocurrencies on Monday as it surged to a high of $0.1637, its highest point since April 25th. The token has soared by more than 250% from its lowest point this year. Astar is listed in Upb...

Here’s why WTI and Brent crude oil prices are tumbling
December 18, 2023 05:00 PM AEDT| By InvezzCrude oil price has been under intense pressure in 2023 even as the OPEC+ cartel continued slashing output. Brent, the global benchmark, was trading at $76.90 on Monday, much lower than the year-to-date high of $96.10. It remains much lower than last...