Geothermal Energy Back on the Agenda to Meet Rising Electricity Demand from Data Centers

GE's geothermal energy potential is generating positive news flow as it returns to the agenda with the aim of meeting the rising electricity demand from data centers. Technically, the stock has gained 7.9% in the last 24 hours, with the RSI at 60.3, maintaining an upward trend. Although the MACD line remains above the signal line, the narrowing gap between them suggests that momentum may weaken. The price staying above the 20- and 50-day moving averages supports a short-term uptrend, but since it is not yet in overbought territory, there is potential for further upside.

Although the news headline focuses on geothermal energy, no direct impact is expected due to OXY's oil and gas-oriented structure. Technical indicators point to oversold territory (RSI 27.5), which could create short-term recovery potential. However, the MACD and moving averages (SMA20 and SMA50) confirm downward momentum. The 10% decline over the past 24 hours indicates continued selling pressure in the market. Therefore, it is difficult to determine a clear direction; a balance may form between a possible bounce and the downtrend.

XOM shares experienced a 4.7% decline over the past 24 hours, closing at $146.49. While the RSI at 36.6 approaches oversold territory, the MACD line remains below the signal line and in negative territory. Trading below the 20- and 50-day moving averages indicates short-term weakness. The geothermal energy news may have limited direct positive impact on traditional energy companies like Exxon, as this area primarily concerns renewable energy firms. Due to weak technical indicators and loss of momentum, the downtrend is likely to continue in the short term.

Chevron (CVX) shares declined 5% in the last 24 hours, closing at $182.54. While the RSI at 36.4 approaches oversold territory, the MACD line remains below the signal line and in negative territory, confirming weak momentum. The price is trading below the 20-day and 50-day moving averages ($186.19 and $189.51, respectively), indicating a negative short-term outlook. Although news headlines have focused on geothermal energy, this does not serve as a direct catalyst for traditional energy companies like CVX and is insufficient to reverse the current technical weakness. Therefore, the downtrend is expected to continue in the near term.