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Weekly Technology Report
December 23, 2024
 
   
 
Amazon.com   Alphabet   Microsoft   Apple   Tesla   Nvidia  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Amazon.com ST: as long as 210.2 is support look for 246.3
 
Our pivot point stands at 210.2.
 
Our preference:
As long as 210.2 is support look for 246.3.
 
Alternative scenario:
Below 210.2, expect 199.3 and 192.9.
 
Comment:
The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 219.0815 and 205.5036).
 
Analyst Views Chart
 
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Alphabet ST: the upside prevails as long as 176.7 is support
 
Our pivot point stands at 176.7.
 
Our preference:
The upside prevails as long as 176.7 is support.
 
Alternative scenario:
The downside breakout of 176.7 would call for 165.8 and 159.1.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 180.119 and 174.4266).
 
Analyst Views Chart
 
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Microsoft ST: as long as 418 is support look for 469
 
Our pivot point is at 418.
 
Our preference:
As long as 418 is support look for 469.
 
Alternative scenario:
Below 418, expect 404 and 396.
 
Comment:
The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (437.413) but above its 50 day moving average (426.8626).
 
Analyst Views Chart
 
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Apple ST: the upside prevails as long as 241 is support
 
Our pivot point stands at 241.
 
Our preference:
The upside prevails as long as 241 is support.
 
Alternative scenario:
The downside breakout of 241 would call for 235.1 and 231.7.
 
Comment:
The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 243.757 and 234.8216).
 
Analyst Views Chart
 
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Tesla ST: the upside prevails as long as 381 is support
 
Our pivot point is at 381.
 
Our preference:
The upside prevails as long as 381 is support.
 
Alternative scenario:
The downside breakout of 381 would call for 335 and 308.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 392.135 and 320.5734).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Nvidia ST: the downside prevails as long as 141.4 is resistance
 
Our pivot point is at 141.4.
 
Our preference:
The downside prevails as long as 141.4 is resistance.
 
Alternative scenario:
Above 141.4, look for 149.2 and 153.9.
 
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 137.0735 and 139.6205).
 
Analyst Views Chart
 
Trade
 
 
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