Wall Street Issues Back-to-Back Target Price Cuts for Nvidia
📊 NVDA — Piyasa Yorumu
▼ down · 55%The news shows Wall Street issuing successive price target cuts for NVDA; such revisions tend to create negative sentiment in the short term. The price has fallen 7.2% over 24 hours and is trying to hold just above the SMA20 (173.85 vs 173.53), but remains clearly below the SMA50 (187), with MACD in negative territory. RSI at 41 is weak but not oversold, suggesting the decline may continue. If the SMA20 is broken, downward pressure could increase over 1-3 days; however, confidence is moderate given the potential for bargain-hunting rebounds. I expect a mild downward bias in the short term.
📊 GOOGL — Piyasa Yorumu
■ neutral · 60%Nvidia's price target cut may create mild concern in the technology sector, but GOOGL is currently both above its 20- and 50-day moving averages and has crossed its MACD signal. With RSI at 59, it has not entered overbought territory, so a major decline is not expected in the short term. Overall, the short-term bias for GOOGL may be neutral with a slight upward tilt.