AMD Shares Recover with Chip Sector; Q2 Report and SpaceX Developments Awaited
📊 AMD — Piyasa Yorumu
▲ up · 60%The headline indicates that AMD shares are recovering alongside the chip sector, with the Q2 report and SpaceX developments expected. This suggests investors are anticipating a positive catalyst. On the technical indicators, the RSI at 53 is in neutral territory, while the MACD is above zero and above its signal line, supporting short-term upward momentum. The price is above the SMA20 but below the SMA50, presenting a mixed outlook. Despite the decline at the last close, the news flow and technical signals increase the likelihood of a limited upward movement in the short term.
📊 NVDA — Piyasa Yorumu
▲ up · 55%Although the news headline focuses on AMD, the recovery signal in the chip sector could create a positive tailwind for NVDA as well. On the technical indicators, the RSI is at 48.5, in neutral territory, while the MACD remains negative but is approaching its signal line, which may indicate a weak improvement. The price is just above the SMA20, which can be seen as short-term support. However, staying below the SMA50 and weak overall momentum suggest that any upside may be limited. Therefore, I expect a cautious rise, with clearer signals needed for a strong breakout.