NVDA, MSFT, and ORCL Forecasts – Tech Stocks Gap Higher as Rates Drop

NVDA Technical Analysis

Nvidia looks like it’s going to gap higher to kick off the Monday session, but we are still in the midst of overall consolidation, so we’ll have to see how that actually plays out. The 50-day EMA did offer a bit of support on Friday. We’ll see if that carries through from here.

The $213 level begins some resistance as we’ve seen, and that is an area that I’ll be watching. Rates drifting a little bit lower is helping the situation.

MSFT Technical Analysis

Microsoft looks like it’s trying to gap high enough to take out the losses on Friday. We’ll see if that actually holds. The 50-day EMA sits just above and could cause a little bit of chaos for the buyers. It is an indicator that a lot of technical analysts and technical traders like.

That being said, we’ve got an earnings call on Wednesday, and that will have a major influence on what happens next. This is a pretty big earnings week for a lot of tech companies, so I expect a lot of choppiness later in the week. Between now and then, things will probably be more of what we’ve seen recently.

ORCL Technical Analysis

Oracle still looks very negative, even though it has the look of a market that’s going to gap higher. Interest rates dropping probably help Oracle, but it has been basically in a free fall since its earnings call despite the fact that there was a beat there. I think a lot of this comes down to questions about the AI trade and their role in it with the data centers, so that is something that’s still worth watching.

Still a decidedly negative market despite the fact that it looks like it is going to jump right off the bat. When looked at through the prism of the longer term, we are back to levels that we had last seen in 2024, which is the area of consolidation that we had seen for a couple of years, reaching all the way down to $99. So there is still some runway to go if the market were to continue to fall.

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