Apple Raises Mac and iPad Prices Amid Memory Chip Shortage

Apple's price increases due to memory chip shortages could heighten consumer and investor concerns in the near term. Current technical indicators support a bearish trend, with the price remaining below the 20- and 50-day moving averages and the RSI around 40. The negative MACD, positioned above the signal line, also points to selling pressure. Combined, these factors suggest a slight decline in AAPL's price over the next 1-3 days. However, Apple's strong balance sheet and market position may limit the downside.

GOOGL shares fell more than 6% in the last close, with the RSI dropping to 37, nearing oversold territory. The MACD line remains below the signal line and in negative territory, while the price trades below both the 20-day and 50-day moving averages. Apple's price increase due to a memory chip shortage indicates ongoing supply chain issues in the technology sector, which could also pressure GOOGL. In the short term, technical indicators may remain weak, but the approach to oversold territory could trigger bargain buying.

ASML has fallen 7.8% in the last 24 hours to 1763.58, trading below its 20-day SMA (1808.53) and 50-day SMA (1857.10). While the RSI at 39 approaches oversold territory, the MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. Apple's price increase due to memory chip shortages could heighten demand concerns in the semiconductor sector, negatively impacting equipment suppliers like ASML. The combination of weak technical indicators and negative news suggests the downtrend may continue over the next 1-3 days.

MU stock fell 8.4% in the last 24 hours, closing at 1048.5. Although the RSI is neutral at 44.4, the MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day (1095.7) and 50-day (1085.3) moving averages, presenting a technically weak outlook. Apple's price increase due to memory chip shortages may signal demand pressure for memory manufacturers like MU, potentially creating additional selling pressure on the stock. The likelihood of a continued short-term downtrend is high.