Global Stocks Decline on Iran and AI Concerns, Fed Meeting Awaited

Although GOOGL shares have surged sharply by 10.5% in the last 24 hours, the RSI has entered overbought territory at 74. News headlines indicate a decline in global equities due to concerns over Iran and artificial intelligence, pointing to a deterioration in overall market sentiment. Additionally, the anticipation of the Fed meeting may push investors to be cautious. While the MACD remains below the signal line, overbought conditions and negative news flow could trigger a short-term correction. Therefore, the continuation of the upward trend appears challenging.

NVDA closed 5.2% lower in the last session, with its RSI declining to 40, indicating weak momentum. The MACD line remains below the signal line and in negative territory, confirming short-term bearish pressure. The price closed just below the 20-day SMA (198.81) and significantly below the 50-day SMA (205.50). News headlines point to broad selling pressure in markets due to geopolitical risks and uncertainty ahead of the Fed meeting. Combined, these factors suggest a high probability that NVDA will maintain its downward trend over the next 1-3 days.

JPM stock is under broad market selling pressure, with technical indicators pointing to weakness. The RSI is at 44, in the neutral-to-bearish zone, while the MACD is below its signal line and trending negative. The price closed below both the 20-day and 50-day moving averages, indicating short-term downward momentum. Geopolitical and macroeconomic uncertainties in the news headlines could add further pressure on banking sector stocks. However, as the downtrend is not very strong, the direction is bearish with a moderate confidence level.

BP shares are under pressure from broad market selling and weak technical indicators. The RSI is at 40, approaching the oversold territory, while the MACD remains below the signal line. The stock is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. Geopolitical and macroeconomic uncertainties in the news headlines could add further pressure on energy sector stocks. However, as the downtrend has not yet reached oversold levels, a cautious approach is warranted.