Apple shares fall on supply issues and cloud outlook, iPhone demand under scrutiny

The headline points to supply problems and weakness in the cloud outlook, which could pressure the stock in the short term. Technical indicators support this view: RSI at 45.8 is in neutral territory but weak, MACD is below the signal line and negative, and the price is below the 20-day moving average. The slight decline at the last close and the negative tone of the news suggest selling pressure may continue. However, being above the 50-day average and not in oversold territory indicate that the downside may be limited. Therefore, the short-term direction is downward, but a sharp decline is not expected.

Apple-related supply disruptions and concerns over the cloud outlook could reduce risk appetite across the technology sector, potentially creating short-term pressure on GOOGL. GOOGL's RSI is in neutral territory (51.3) and slightly below the MACD signal line, indicating weak momentum. The price is just below the SMA20 (333.68 vs. 334.40), a level that may act as resistance, while the SMA50 (331.01) could provide support. If the news flow triggers sector-wide selling, GOOGL could see a pullback toward the $331 level. However, the impact may be limited, as GOOGL's own fundamentals are independent of Apple, and the 2.3% gain over the past 24 hours suggests buyers remain active in the market.