AMZN, AAPL and NFLX Forecasts – US Tech Stocks Supported So Far

AMZN Technical Analysis

Amazon looks like it’s going to rally a little bit right off the open on Thursday as we continue to see upward momentum in celebration of the ceasefire being agreed to in the Middle East.

The market is sitting just above the 200-day EMA, and it looks like we may make a move towards the $230 level before it’s all said and done. Even if we do pull back from here, the gap, which is backed up by the 50-day EMA, has a little bit of a floor in this market, probably closer to the $215 level based on technical analysis.

AAPL Technical Analysis

Apple looks like it is going to open ever so slightly lower, but still above the gap and the move that we had at the end of the day on Tuesday. I think that we are looking for an opportunity to buy the bounce somewhere near the $255 level, but Apple might be a little choppier than some of the other Magnificent Seven just due to the fact that it has a different AI profile.

As Apple has basically turned its artificial intelligence on its phones over to Google Gemini, that helps, but it also keeps Apple from sinking too much money into AI development, freeing it from some of the constraints and some of the capex expenditures, but it also puts them a little bit behind some of the others as far as innovation.

NFLX Technical Analysis

Netflix looks like it’s going to open basically where it closed, with a potential continuation to the upside, as we are sitting at the 200-day EMA. Breaking above the $100 level opens up the possibility of a move to the $110 level. If the market were to break down from here, the 50-day EMA near the $92.75 level could be a significant floor.

Netflix has been in recovery since the merger deal fell through, and therefore, I think it just continues to look like a market that will eventually go to the upside, perhaps even to the $120 level. It’ll be a grind, I don’t think it will be an instant move, but this is a market that looks like it’s got plenty of support.

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