Tech Stock Decline Shakes Markets

NVDA shares closed 2.2% lower, with the RSI declining to 33, approaching oversold territory. The MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below both its 20-day and 50-day moving averages, further weighing on the technical outlook. Headlines highlight a broader decline in technology stocks, which could add additional selling pressure on NVDA. While the RSI nearing oversold levels increases the possibility of a short-term bounce, the current technical structure remains bearish.

The news headline indicates that a decline in technology stocks has shaken the markets, which could create short-term negative sentiment for AAPL. Technical indicators present a neutral picture: the RSI at 50.97 is neither overbought nor oversold, and while the MACD remains below the signal line, the difference is minimal. The price is trading above the 20- and 50-day moving averages, providing some support. However, the negative sentiment generated by the news may outweigh the neutral signals from the technical indicators, potentially leading to a limited short-term decline.

Microsoft (MSFT) shares have declined 3.3% over the past 24 hours, falling to $372.65. While the Relative Strength Index (RSI) at 41 approaches oversold territory, it has not yet signaled a recovery. The MACD line remains below the signal line and in negative territory, confirming weak momentum. The stock is trading below both its 20-day moving average ($374.39) and 50-day moving average ($384.57). The broader downtrend in technology stocks and the weakness in technical indicators suggest that downward pressure may persist in the near term.

The decline in technology stocks could reduce risk appetite, increasing demand for safe-haven assets and potentially supporting the JPY. However, technical indicators already present a weak outlook: the RSI is near oversold territory at 35.9, the MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. This suggests the current downtrend may continue. In the short term, further JPY depreciation is possible, but the pace of decline may be limited due to oversold conditions.