Selling Wave in Chip Sector: Intel Down 7%, AMD and NVIDIA Down 4%

The headline indicates a broad sell-off in the chip sector, with NVIDIA losing 4% in value. This points to negative short-term market sentiment. Technical indicators present a neutral picture: RSI at 52.5 is neither overbought nor oversold, MACD is just below the signal line, and the price is very close to the 20-day moving average. Therefore, a short-term downward trend can be expected due to the news, but technical indicators do not support a sharp decline.

Intel shares have dropped 14.4% in the last 24 hours, aligning with a broad sell-off in the chip sector. While the RSI at 31.8 approaches oversold territory, the MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The price is trading well below the 20-day and 50-day moving averages ($117.85 and $117.75, respectively), signaling a breakdown in the technical structure. The sector-wide selling pressure highlighted in the news headline may be one of the factors triggering Intel's decline, limiting the likelihood of a near-term recovery. However, the approach to oversold conditions could attract some bargain buying, so I maintain a high-confidence bearish outlook.

AMD has come under selling pressure, losing more than 5% in the last 24 hours. The RSI has fallen to 44, dipping below the neutral zone but not yet in oversold territory. The MACD remains below the signal line, indicating continued downward momentum. The price has dropped below the 20-day moving average ($445) and is attempting to hold around the 50-day moving average ($438). A broad sell-off in the chip sector, as reported, could amplify negative pressure in the short term.