AAPL, MSFT and AMZN Forecast – Tech Stocks Continue to Deal with AI Selling

Apple (AAPL) Technical Analysis

Apple looks as if it is going to basically open up where it stopped on the previous session for Thursday, as we continue to see a lot of momentum in this stock as it’s reaching towards the $290 level. A potential pullback I suspect is probably in the cards here for short-term trading.

I wouldn’t look at this as a market that’s in any type of trouble. It’s just perhaps a little overextended in the short term. Still looks very bullish though, I’d be very interested in trying to get involved closer to the 50-day EMA if that’s offered.

Microsoft (MSFT) Technical Analysis

Microsoft continues its slide. There’s a lot going on with Microsoft right now, as the Azure supply issues and heightened competition from Google and Anthropic. Of course, there are some external things going on with Bill Gates and some other personnel changes, so really at this point, Microsoft seems like it’s a little chaotic.

We are getting close to the $395 level, which is the bottom of the gap that formed at the April earnings call, so maybe we are getting close here for a buying opportunity. We’ll just have to wait and see. This is one that I would want to see bounce, and I could buy the right-hand side of the V.

Amazon (AMZN) Technical Analysis

Amazon has earnings at the end of the session here on Thursday, so this is a medicine ball; in other words, it could go either way. The 200-day EMA sits underneath. As long as we stay above that, maybe drift and bounce, I’d be interested in it, but obviously buying a stock right before its earnings is a very dangerous thing to do because you’re stuck after hours with whatever price action gives you.

All things being equal, though, I do expect it to go higher over the longer term, so if you’re more of an investor, that might be one way to look at it.