Big Tech Earnings Reports This Week Critical for AI Trade

GOOGL shares fell 6.2% in the last close, with the RSI at 46, indicating neutral territory. The MACD is negative but approaching the signal line, which could signal a slight improvement in momentum. The price is attempting to hold just above the 20-day SMA while remaining below the 50-day SMA. News headlines highlight that this week's earnings reports from major tech companies are critical for AI trades, which could increase uncertainty. With no clear short-term direction, a sideways trend can be expected.

AAPL closed at $335.25, up 2.23% in the last 24 hours, with its RSI at 69.1 approaching overbought territory. The MACD line remains above the signal line and in positive territory, indicating continued short-term bullish momentum. The stock is trading above both its 20-day ($326.44) and 50-day ($328.13) moving averages, supporting the uptrend. News headlines highlight that AI-focused earnings reports from major tech companies are critical, which could serve as a positive catalyst for firms like AAPL with AI investments. However, the bullish outlook is expressed with moderate confidence due to the RSI nearing overbought levels and the risk of a short-term correction.

Despite a 1.97% decline in the last session, MSFT's RSI at 58.6 remains in neutral territory and does not indicate oversold conditions. The MACD line is positioned above the signal line, suggesting weak but positive short-term momentum. The price remains above the 20-day SMA (384.5) while trading near the 50-day SMA (392.5), indicating a technical resistance zone. News headlines highlight that earnings reports from major tech companies are critical for the AI trade, which could create uncertainty for MSFT. In the short term, a cautious wait-and-see sentiment may prevail ahead of earnings, with the price expected to fluctuate within the 385-395 range.

Amazon (AMZN) fell 5.4% in the last 24 hours to 234.29, slipping below its 20-day simple moving average (SMA) of 235.96. While the Relative Strength Index (RSI) at 39.8 approaches oversold territory, the MACD line remains below the signal line in negative territory, indicating weak momentum. News headlines highlight that this week's earnings reports from major tech companies are critical for AI-related trades, which could increase uncertainty and trigger selling pressure. In the short term, the 50-day SMA (244.18) acts as resistance, while the 230 level should be watched as support. Given the combination of technical indicators and news flow, the downtrend is likely to persist for a few more days.