Nasdaq Heads for Sharpest Weekly Drop Since April 2025

GOOGL shares are showing weakening signals in technical indicators. The RSI is at 40 and the MACD is in negative territory, indicating continued selling pressure. The price is trading below the 20- and 50-day moving averages, negatively impacting the short-term outlook. A sharp weekly decline in the Nasdaq overall could add further pressure on technology stocks. However, the RSI approaching oversold territory may signal a potential bounce buying opportunity.

NDX is heading for its sharpest weekly decline since April 2025, which could increase short-term selling pressure. Technical indicators also confirm weakness: RSI is at 42.7, below the neutral zone; MACD is negative and below its signal line. The price has closed below the 20-day moving average (29,335), while the 50-day average (29,769) presents a clear resistance level. Therefore, the likelihood of a continued downtrend over the next 1-3 days is high.

The Nasdaq is heading for its sharpest weekly decline since April 2025, which could create negative pressure on the market. Technical indicators support this view: the RSI is at 43, below the neutral zone; the MACD is below its signal line; and the price is below both the 20-day and 50-day moving averages. The last close at 712.91 is below the SMA20 (713.58) and SMA50 (724.36). Therefore, the downtrend is expected to continue in the short term.

The S&P 500 (SPX) is trading just below its 20-day moving average and remains well under its 50-day moving average. The RSI has slipped to 45.8, below the neutral zone, indicating weakening momentum. The MACD line is below the signal line and in negative territory, confirming a short-term bearish trend. News headlines highlight that a sharp weekly decline in the Nasdaq is pressuring technology-heavy indices, which could spill over into the SPX. However, the price's proximity to the 20-day average and the lack of an extreme sell-off suggest a cautious decline rather than a sharp sell-off.