Apple Shares Fall 6% as Micron Rises on Memory Cost Surge
📊 AAPL — Piyasa Yorumu
▼ down · 70%Apple shares experienced a sharp decline of nearly 7%, with the RSI dropping to 26.8, entering oversold territory. MACD values are in negative territory and trading below the signal line, confirming weak momentum. The stock is trading below both its 20-day and 50-day moving averages, indicating a weak technical outlook. News headlines suggest that Micron's rising memory costs could increase cost pressure on Apple. While the oversold condition may trigger a short-term bounce, the overall trend remains bearish, and the downtrend is expected to continue.
📊 MU — Piyasa Yorumu
▲ up · 65%Micron shares have risen 3.35% in the last 24 hours, closing at 1219.50. The RSI at 68.85 is approaching overbought territory but is not yet at dangerous levels. The MACD line is well above the signal line and in positive territory, indicating strong upward momentum. News headlines suggest that despite Apple's decline, Micron is rising due to memory cost advantages, reflecting a sectoral edge. The short-term uptrend is expected to continue, but caution is warranted as the RSI nears overbought levels.