NASDAQ index is a stretching to a new high for the day with a gain of around 100 points
Although the NASDAQ is higher by roughly 100 points at the time of this recording, the performance beneath the surface is far from uniform. Some of the index’s largest heavyweight stocks are posting solid gains, while others are under pressure. In this video, I break down the technical picture for Nvidia, Amazon, Alphabet, Microsoft, and Meta using the same hourly chart framework, focusing on key moving averages and Fibonacci retracement levels. By applying a consistent technical approach, it becomes easier to identify the short-term bias, define the key risk levels, and highlight potential targets if momentum continues in the direction of the prevailing trend.
Nvidia (NVDA) Nvidia shares are leading the group higher, up about 4.25% on the day. The rally has pushed the stock back above its 100-hour moving average at $220.46 while also increasing the distance from its rising 200-hour moving average at $212.89. The stock has reached a session high of $222.17, putting buyers firmly back in control in the short term. As long as the price remains above both moving averages, the technical bias stays tilted to the upside. The next major objective remains the all-time high reached last month near $436.54. A move back below the 100-hour moving average would weaken the bullish outlook and give sellers a foothold.
Amazon (AMZN) Amazon is moving in the opposite direction, down 2.67%, or $7.24, at $263.32. The decline has pushed the stock back below both its 100-hour moving average at $266.64 and its nearly converged 200-hour moving average at $265.62. Those two averages now become the key barometer for short-term direction. If the price can reclaim and hold above that moving-average cluster, buyers would regain control. However, as long as the stock remains below those levels, sellers are likely to maintain the advantage with the next downside target coming near the May 19 low around $255.
Alphabet (GOOGL) Alphabet shares are also under pressure, down roughly 1.27% at $375.60. Today's decline has taken the stock further away from its 100-hour moving average at $390.68, a level that repeatedly acted as resistance on May 20, May 21, May 27, and May 28. The stock has also slipped back below its 200-hour moving average at $378.68, shifting the short-term bias back to the downside after failing to sustain a break above those key technical levels. If the price remains below the 100- and 200-hour moving averages, sellers will likely target the 38.2% retracement of the rally from the March 31 low at $356.47. A move back above the 200-hour moving average would neutralize the bearish bias, while a break above the 100-hour moving average would be needed to restore a more bullish outlook.
Microsoft (MSFT) Microsoft continues to show impressive upside momentum, gaining about 2.3% and extending its rally for a third consecutive trading day. The move higher began on Thursday when the stock broke decisively above a cluster of support and resistance levels, including the 100-day moving average at $413.53 and both the 100-hour and 200-hour moving averages near $419.30. Friday's advance carried the stock to the 38.2% retracement of the decline from the July 30 high at $433.10, where buyers successfully maintained control. Today's rally has pushed the price above the 50% retracement level at $456.64 and above the 200-day moving average at $458.16. With the stock currently trading around $460.60, buyers remain firmly in control. The key risk level now comes in at the 50% retracement level. A move back below $456.64 would weaken the bullish case and suggest that the upside momentum is beginning to fade.
Meta (META) Meta is another large-cap stock under pressure today, with shares down 2.58% at $616.17. Like several of the other weaker NASDAQ names, the decline is threatening to tilt the short-term bias back to the downside. The stock has moved away from its 100-day moving average at $634.91, a level that capped the rally on Thursday after buyers briefly broke above it on Wednesday but failed to sustain the momentum. The price is also trading below its 200-hour moving average at $626.97, reinforcing the bearish tilt. Earlier today, Meta fell below its 100-hour moving average at $612.65 and reached a low of $609.03 before finding willing buyers. That rebound has pushed the stock back above the 100-hour moving average, leaving the price trading between the 100-hour and 200-hour moving averages in a more neutral zone. Traders will be watching the 100-hour moving average at $612.65 as a key support level. Staying above that level keeps buyers in the game, while a move back below would strengthen the sellers' case. On the topside, a move above the 200-hour moving average at $626.97 and then the 100-day moving average at $634.91 would be needed to shift the bias back in favor of the buyers and signal that bullish momentum is returning.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
FX初心者には必須 無料のうちにGET！
