US Tech Giants Beat Expectations in First Quarter

The better-than-expected first-quarter results from US technology giants have increased global risk appetite, potentially creating a positive atmosphere in stock markets. This development supports short-term gains, particularly in tech-heavy indices, and could also positively impact emerging markets. In Turkey, it may increase interest in technology stocks within the BIST 100, though the effect could be limited due to domestic dynamics.

MSFT stock is exhibiting a technically weak outlook despite positive news flow. The price is trading below the 20- and 50-day moving averages, with the RSI at 44 in neutral territory. The MACD line remains below the signal line, indicating that short-term momentum has not yet turned. Although the news headlines are positive, the weakness in technical indicators and the price's proximity to resistance levels make it difficult to determine a clear direction. Therefore, a sideways trend can be expected in the short term.

GOOGL shares have gained positive momentum following news that tech giants have exceeded expectations. Technical indicators also support this optimism; the RSI at 68 is approaching overbought territory but is not yet at a dangerous level. The MACD is above the signal line and in positive territory, suggesting that short-term upward momentum could continue. The price is trading above the 20- and 50-day moving averages, indicating a strong trend. However, the elevated RSI also brings the possibility of a short-term correction or consolidation.

Amazon (AMZN) closed at $273.5, up 4.2% in the last 24 hours, positioning strongly above its 20-day simple moving average (SMA) of $271.88. The Relative Strength Index (RSI) stands at 60, maintaining upward potential without entering overbought territory. The Moving Average Convergence Divergence (MACD) line remains below the signal line but stays in positive territory. News headlines indicate that US tech giants exceeded expectations in the first quarter, providing a positive catalyst for AMZN. The short-term uptrend is expected to continue, although profit-taking may occur as the stock approaches the resistance zone of $275-280.