Nvidia Shares Rise After Early Drop Following Results; AI Excitement Continues
📊 NVDA — Piyasa Yorumu
▲ up · 60%Nvidia shares recovered in early trading following a post-earnings decline, with AI enthusiasm continuing to support the stock. Technical indicators show the RSI at 39.6, nearing oversold territory, suggesting potential for a short-term bounce. The MACD remains negative but is approaching its signal line, indicating weakening downside momentum. Although the price is below the SMA20 and SMA50, positive news flow and post-earnings recovery suggest a possible upward move in the near term. However, confidence is moderate as there is no strong signal.
📊 GOOGL — Piyasa Yorumu
▼ down · 55%GOOGL shares are showing signs of weakness in short-term technical indicators, with the RSI at 40.8, close to the oversold territory, and the MACD in negative territory. The price is trading below both the 20-day and 50-day moving averages. Although the news headlines are focused on Nvidia, the ongoing AI enthusiasm could create a positive tailwind across the sector, but this is not a direct catalyst for GOOGL. The recent 0.72% decline at the last close, coupled with weak technical indicators, suggests that downward pressure may persist in the short term. However, since the stock has not yet reached oversold conditions, the decline is not expected to be severe; the $340 level can be monitored as support. Overall, the short-term outlook is slightly negative based on current data.