Week 33 Big Tech Trending and Performance
Looking first at the trending report heat map for the Big Tech stocks that I track.
Trending Heat Map
A lot more amber this week in comparison to last week’s mostly green. Almost all the stocks except for Apple have their price dipping below the 10-day moving average. Some have also dipped below the 20-day moving average.
Meta META price has fallen below its 10-day and 20-day moving averages. It has also fallen below its 50-day moving average. Not looking good at all.
Amazon AMZN price has fallen below its 10-day moving average.
Netflix NFLX price has fallen below its 10-day moving average.
Google GOOGL price has fallen below its 10-day moving average.
Tesla TSLA price has fallen below its 10-day moving average.
Nvidia NVDA price has fallen below its 10-day and 20-day moving averages.
Alibaba BABA has again turned perfectly bearish. Both its short-term and long-term trending is bearish now.
Baidu BIDU has again turned perfectly bearish. Both its short-term and long-term trending is bearish now.
Advanced Micro Devices AMD price has fallen below its 10-day and 20-day moving averages.
Micron MU price has fallen below its 10-day and 20-day moving averages. It is close to turning short-term bearish.
Microsoft MSFT price has fallen below its 10-day moving average.
Salesforce CRM price has fallen below its 10-day and 20-day moving averages.
Zoom ZM price has fallen below its 10-day and 20-day moving averages. It is close to turning short-term bearish.
Intel INTC has again turned perfectly bearish. Both its short-term and long-term trending is bearish now.
PayPal PYPL price has fallen below its 10-day moving average.
Block SQ price has fallen below its 10-day and 20-day moving averages.
Performance
All of the Big Tech stocks I track without any exception were down last week. Block SQ was the biggest loser. And Apple remains the strongest among them all just about close to flat.