SK Hynix Profit Misses Expectations, Triggers Sell-Off in Tech Stocks

The news of SK Hynix failing to meet expectations is creating selling pressure on technology stocks. Although MU shares closed down 17% and the RSI has fallen to 35, approaching oversold territory, the MACD remains in negative territory and below the signal line. The likelihood of a short-term recovery is low, and selling pressure is expected to persist. However, due to oversold conditions, the pace of decline may slow.

SK Hynix's profit report, which fell short of expectations, has increased selling pressure in the technology sector, and NVDA shares have also been impacted by this wave. Technical indicators already present a weak outlook: the RSI is in the sell zone at 39.6, the MACD is below zero and below its signal line. The price is trading below both the 20-day and 50-day moving averages, confirming a short-term downtrend. The 5.6% decline in the last 24 hours indicates negative momentum. Selling pressure is likely to persist in the short term, although some bargain buying may occur as the RSI approaches oversold territory.

AMD shares are under pressure amid a broader technology sector selloff triggered by SK Hynix's lower-than-expected profit announcement. Technical indicators confirm the weakness: the RSI is approaching oversold territory at 33.4, while the MACD line remains below the signal line and in negative territory. The stock is trading well below both its 20-day (489) and 50-day (517) moving averages. The sharp 15% decline over the past 24 hours suggests selling pressure may persist in the near term. However, the RSI nearing oversold levels also raises the possibility of some buying on the dip.