European stocks retreat from record levels after Nvidia CEO's departure

News of the Nvidia CEO's departure could create short-term uncertainty and risk aversion in the stock. The price has already fallen 5.6% in 24 hours and is trading below the SMA20 and SMA50; the RSI at 36.6 is weak but not in oversold territory. The MACD is in negative territory and very close to the signal line, indicating that downward momentum has not yet exhausted. The impact of the news may be limited because the market appears to have priced in some selling; nevertheless, the 1-3 day outlook is downward. If support is broken, the decline could accelerate, but reaction buying may also be seen.

The news headline does not directly focus on GOOGL, but rather on European stocks and the departure of Nvidia's CEO; therefore, its impact on GOOGL is indirect and limited. Technical indicators are positive: the price is above SMA20 and SMA50, RSI at 62 is approaching overbought territory, and MACD is above the signal line. However, after a rise exceeding 3% in 24 hours, there is a risk of short-term profit-taking. The weakening in overall market sentiment may also slightly pressure GOOGL, so the direction is uncertain.