Hedge Funds Exit Chip Stocks for Fourth Consecutive Week

Hedge funds' exit from chip stocks could create short-term selling pressure on technology shares such as GOOGL. Technically, while the RSI at 58 remains in neutral territory, the MACD continues to stay below the signal line, indicating weakness. Although the price is trying to hold just above the 20-day SMA, upward movement may be limited due to news flow and institutional exits. In the short term, a bearish bias prevails, but the decline is not expected to be severe.

Hedge funds' exit from chip stocks could create selling pressure on NVDA. Technical indicators also point to weakness: RSI at 44.6 is below the neutral zone, MACD is below the signal line and negative. The price is trading below both the 20-day and 50-day moving averages. The short-term downtrend may continue, but since we are not in oversold territory, the decline could be limited.

AMD shares fell 3.5% in the last 24 hours, closing at $518.26. The RSI is approaching the oversold territory at 39.3, while the MACD remains below the signal line and in negative territory. The price is trading below both the 20-day (547) and 50-day (533) moving averages, indicating short-term weakness. Hedge funds have been exiting chip stocks for the fourth consecutive week, suggesting sustained institutional selling pressure. With technical indicators and news flow aligning, a continued bearish trend is expected over the next 1-3 days.

TSM shares fell 3.66% in the last 24 hours, dropping to 434.47. The RSI is approaching oversold territory at 39, while the MACD remains below the signal line and in negative territory. Trading below the 20-day SMA (451.87) and 50-day SMA (445.13) confirms short-term weakness. Hedge funds have exited chip stocks for the fourth consecutive week, indicating sustained institutional selling pressure. Combined with these technical and fundamental factors, the downtrend is expected to persist over the next 1-3 days.