Fox's Strong Quarterly Results Driven by Tubi's Power and Distribution Revenues

Although GOOGL shares closed down 1.77% in the last session and the RSI at 38.6 is approaching oversold territory, the MACD remains below the signal line. The price is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. While news headlines focus on Fox's strong quarterly results, this does not provide a direct catalyst for GOOGL. The weakness in technical indicators and the price being below key averages suggest that downward pressure may persist in the near term.

Although the news is positive, the RSI at 81.68 is in overbought territory, and the price has risen 8.6% in the last 24 hours. This increases the likelihood of profit-taking in the short term. The MACD is positive, but overbought signals raise questions about the sustainability of the rally. While the price above the SMA20 and SMA50 indicates a strong medium-term trend, a technical correction can be expected in the short term. Therefore, the short-term direction could be downward.

Although the news is positive, the RSI is in overbought territory at 82.9, and the price has risen 8.8% in the last 24 hours. In the short term, a continuation of this rally appears difficult, but the MACD and SMAs still support the uptrend. Therefore, the direction is uncertain, and a possible pullback or sideways movement can be expected.