Mixed Market Performance After Blue Wave: Oil and Gold Rise While Chip Stocks Fall

NVDA fell more than 12% in 24 hours to 181.57, with its RSI at 17.7 placing it in oversold territory. MACD is negative and below the signal line, and the price is markedly below its SMA20 and SMA50, indicating a weak short-term trend. The news headline confirms the decline in chip stocks, signaling that sector pressure persists. Oversold conditions could set the stage for rebound buying, but momentum remains to the downside. The 1-3 day outlook is therefore cautiously negative.

INTC fell 15.8% in 24 hours to 52.13; with an RSI of 24.6, it is in oversold territory and well below its SMA20 (57.8) and SMA50 (70.7). MACD is in negative territory and below the signal line, confirming weak short-term momentum. The theme of declining chip stocks in the news headlines could continue to pressure INTC. However, the RSI at oversold levels also raises the possibility of a short-term rebound on bargain hunting; therefore, while the bias is to the downside, confidence should be kept moderate. A weak trend and volatility are expected in the 1-3 day outlook.

AVGO fell 11.5% in the last 24 hours, dropping significantly below its SMA20 and SMA50. The RSI at 20.3 places it in oversold territory, and the MACD is negative below its signal line. The decline in chip stocks mentioned in the news headline confirms AVGO's current weak technical picture and suggests that selling pressure may persist in the short term. However, the RSI at an oversold level increases the likelihood of bargain hunting, indicating that the downside may be limited. Overall, the 1-3 day outlook is bearish, but volatility could be high.

MU shares fell sharply by 22.7% in 24 hours to 658.7, with the RSI14 at 15.6, placing the stock in an oversold region. The MACD is negative and below the signal line, while the price sits well below both the SMA20 and SMA50, indicating a weak short‑term trend. The decline theme in chip stocks highlighted in the headline confirms MU’s current weakness, yet the oversold conditions could create a floor for rebound buying. Consequently, the 1‑3 day outlook is bearish but volatility remains high; due to the risk of a short‑term pullback, confidence should be maintained at a moderate level.