Three Catalysts to Propel AMD to New Highs by 2026

AMD shares fell 3.5% in the last 24 hours, closing at $518.26. While the RSI at 39.3 approaches oversold territory, the MACD remains negative and below its signal line. The price is trading below both the 20-day (547) and 50-day (533) moving averages. Despite positive news headlines, technical indicators point to short-term weakness. Therefore, the likelihood of a continued downtrend in the near term is high.

Although the news headline focuses on AMD, NVDA's technical indicators do not provide a clear short-term direction. The RSI at 44.6 is in neutral territory, and the MACD remains below the signal line in negative territory, indicating weak momentum. The price closed below both the 20-day and 50-day moving averages, suggesting potential resistance. However, a slight uptick in the last 24 hours and the possibility of positive sector spillover from AMD news limit downside risk. Therefore, a sideways trend is expected in the short term.

TSM shares fell 3.66% in the last session to 434.47. While the RSI at 39 approaches oversold territory, the MACD continues to give a sell signal, and the price is trading below both its 20-day (451.87) and 50-day (445.13) moving averages. Although news headlines have focused on AMD, TSM's technical structure appears weak, with a risk of continued selling pressure in the near term. Therefore, my short-term outlook is bearish.

ASML shares have declined 5.3% in the last 24 hours, falling to $1,771. While the RSI at 35 approaches oversold territory, the MACD remains in negative territory and below the signal line. The stock is trading below both its 20-day (1,865) and 50-day (1,833) moving averages. Although the news headline focuses on AMD, it does not contain a direct catalyst for ASML and fails to offset the current technical weakness. The likelihood of continued selling pressure in the short term is high.