Databricks Expands Microsoft Azure Partnership, to Increase Use of Custom Chips

While the news is positive for Microsoft's Azure cloud platform, technical indicators paint a weak short-term picture. The stock has lost over 5% in the last 24 hours, and the RSI has fallen to 33, approaching oversold territory. The MACD line is below the signal line and in negative territory, indicating weak momentum. The price is trading below the 20- and 50-day moving averages, suggesting a downward short-term trend. Despite the positive news, the weakness in technical indicators makes it difficult to determine a clear direction in the near term.

GOOGL shares have fallen 9.8% in the last 24 hours, with the RSI entering oversold territory at 20.7. MACD values remain negative and below the signal line, indicating weak short-term momentum. News headlines highlight the partnership between Databricks and Microsoft, which could intensify competition in the cloud market and be perceived negatively for GOOGL. Although technical indicators suggest oversold conditions, the downtrend and negative news flow limit the likelihood of a recovery. The bearish trend is expected to continue in the short term.