Sharp Sell-Off in Tech Stocks Drags Global Indices Lower

GOOGL shares are under severe selling pressure in the technology sector, closing at $354.29, below both the 20-day ($365.09) and 50-day ($360.30) moving averages. While the RSI at 35 approaches oversold territory, the MACD line remains below the signal line, and the negative trend suggests further downside in the short term. The 0.39% decline in the last 24 hours aligns with broader market sell-offs, and additional downward movement may be seen in the next 1-3 days. However, the low RSI level could also trigger a potential technical rebound, so the bearish outlook is expressed with high but limited confidence.

NDX declined 0.78% in 24 hours to 29,035, closing below both its 20-day (29,382) and 50-day (29,437) moving averages. While the RSI at 37.3 approaches oversold territory, the MACD line remains below the signal line and in negative territory, indicating sustained selling pressure. Sharp sell-offs in technology stocks, as highlighted in the news headline, suggest the index could decline further in the short term. However, the low RSI level may trigger a potential rebound buying, so the downside expectation is high but limited.

Sharp selling in technology stocks could keep the SPX under pressure in the short term. Although the RSI is neutral at 47, the MACD remains below its signal line, indicating weakness. The price trading below the SMA20 also confirms selling pressure. However, proximity to the SMA50 level suggests this level could be tested as support. Combined with the news flow and technical outlook, a downward move can be expected in the near term.

The headline indicates that a sharp sell-off in technology stocks is negatively impacting global indices. Although AAPL shares have risen 5.18% in the last 24 hours, the RSI at 74 signals overbought conditions, increasing the likelihood of a short-term correction. While the MACD line remains above the signal line, the combination of overbought signals and negative news flow suggests the stock may trend downward in the near term. Therefore, the direction is bearish with a medium-high confidence level.