Markets Dip, Eyes on Nvidia: Morning Bid
📊 NVDA — Piyasa Yorumu
▼ down · 65%Nvidia shares fell 6.3% in the last 24 hours to $220.63. The RSI is approaching the oversold zone at 43, while the MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day ($223.29) and 50-day ($224.18) moving averages, painting a negative technical picture. Headlines point to a broad market decline with a focus on Nvidia, suggesting selling pressure may persist. However, as the stock has not yet entered oversold territory, there is a possibility that the decline could slow.
📊 GOOGL — Piyasa Yorumu
▼ down · 65%GOOGL shares fell more than 3% in the last session, closing at $387.70. Although the RSI at 37.7 is approaching oversold territory, the MACD line remains below the signal line and in negative territory, confirming weak momentum. The price is trading below both the 20-day and 50-day simple moving averages ($395.42 and $395.16, respectively). News headlines point to a broad market downturn and a focus on Nvidia, which could pressure technology stocks. In the short term, the downtrend is likely to continue, though the RSI nearing oversold levels may signal a potential bounce.