Taylor Devices stock price falls with MACD and KDJ indicators triggering death cross.

According to Taylor Devices' 15-minute chart, a MACD Death Cross and KDJ Death Cross occurred on August 26, 2022, at 10:15. This indicates that the stock price has the potential to continue declining, as the momentum of the stock price is shifting towards the downside and may further decrease.

The stock market shrugged off the ongoing drama surrounding the Federal Reserve and President Trump's push to oust Federal Reserve Governor Lisa Cook, posting solid gains on Tuesday. The S&P 500 and Nasdaq 100 rose by 0.4%, while the Russell 2000 outperformed with an 0.8% advance [1].

Industrials were the best-performing sector within the S&P 500, rising by more than 1%, while consumer staples lagged at the bottom of the leaderboard [1]. Eli Lilly's stock surged 5.9% after the pharmaceutical giant reported encouraging trial results for its next-generation weight-loss pill, positioning it to file for regulatory approval by the end of the year [1]. Conversely, Keurig Dr Pepper fell 6.9% as investors continued to digest the company’s recent acquisition and beverage business split-up [1].

Boeing shares climbed 3.5% following the formalization of a $50 billion investment from Korean Air in US aviation, including $36.2 billion for 103 Boeing jets [1]. Nio's stock jumped 10% after JPMorgan upgraded its rating for the Chinese EV maker to "overweight" and raised its price target to $8, up 67% from its previous target [1]. Meanwhile, Trump Media shares surged 5.2% after announcing a partnership with Crypto.com to establish a digital asset treasury [1].

Rocket Lab continued its four-day winning streak, rising 1.9% as investor enthusiasm for momentum stocks remained strong [1]. IBM and Advanced Micro Devices advanced 1.3% and 2%, respectively, after announcing a collaboration to develop "quantum-centric supercomputing" [1]. Brilliant Earth and Signet Jewelers shares climbed 26% and 3%, respectively, following an announcement that megastar Taylor Swift and Kansas City Chiefs tight end Travis Kelce had gotten engaged [1]. VF Corp. and Canada Goose rose 6.1% and 3%, respectively, after Baird analysts upgraded both stocks to "overweight" [1].

Tilray rose 4.7% amid a continued rally in pot stocks fueled by cannabis reform optimism [1]. Interactive Brokers shares were up early Tuesday before closing flat after being tapped to join the S&P 500, replacing Walgreens Boots Alliance [1]. Talen Energy jumped 6.5% after announcing it would take the place of Interactive Brokers in the S&P MidCap 400 [1]. Constellation Brands fell 3.2% after Bank of America downgraded the alcoholic beverage maker to "underperform" and slashed its price target to $150 [1]. UnitedHealth stock dipped 1.5% after a report that the Department of Justice’s probe against the healthcare giant would expand beyond its Medicare Advantage program [1].

Nvidia's China business has regained access, but the company is not receiving much credit for the recovery, as analysts have not fully incorporated the loss of its H20 business into their forecasts [2]. Despite delivering a Q1 sales beat and reassurances from hyperscalers about the AI boom, Nvidia's fiscal year sales estimates only recently surpassed their pre-export restriction levels [2]. AMD, for its part, has seen its full-year sales estimates rise by more than Nvidia's since the export restrictions were initially enacted [2].

The Department of Justice’s criminal probe against UnitedHealth has expanded beyond its Medicare Advantage program to include its pharmacy benefit manager, Optum Rx, and payments to physicians [3]. Talen Energy jumped after being added to the S&P MidCap 400, benefiting from the growing demand for power to feed data centers [4]. Rocket Lab's recent run-up has coincided with the resurgence in enthusiasm for momentum stocks [1].

References:
[1] https://sherwood.news/markets/us-stocks-shake-off-fed-drama-with-solid-gain/
[2] https://sherwood.news/markets/nvidia-isnt-getting-much-credit-for-a-recovery-in-its-china-business/
[3] https://sherwood.news/markets/unh-dips-after-report-that-doj-probe-looking-into-more-than-just-medicare-advantage/
[4] https://sherwood.news/markets/talen-energy-up-on-addition-to-sp-midcap-400/