The broader stock indices are having a holiday to the upside, but what about some of the big cap tech names?
Intel: Buyers build on the bounce. The next test is $66.21.
In yesterday’s post, I outlined Intel’s bounce from technical swing support at $51.50. Today, buyers are building on that recovery, with shares up $4.60, or 7.9%, at $62.73.
The next key upside target comes in at $66.21. A break above that level—and the ability to stay above it—would give buyers more control and open the door for a further recovery toward $80.75. That level marks the 50% midpoint of the trading range since the July 2025 low.
There is still work to do before that midpoint comes into focus. The immediate test is $66.21. Get above it, and the technical picture improves. Fail to break through, and sellers have a level to lean against.
On the downside, $51.50 remains the key support and risk-defining level for the broader recovery. As long as that floor holds, buyers have a foundation to build on. A break below would undermine the bounce and put sellers back in control.
Microsoft: Sellers test support as the pullback continues.
Shares of Microsoft are trading lower today, testing the rising 100 hour moving average at $518.11. Just below that level is a key swing area between $513.50 and $517.60.
That puts the stock at an important technical crossroads. Buyers have an area to lean against and define their risk. However, a break below $517.60, followed by $513.50, would give sellers more control and open the door for further downside.
Recall that Microsoft reached an all-time high of $559.15 last week. The subsequent retreat, alongside gains in some other AI names today, suggests a more selective market. For Microsoft buyers, the immediate task is to hold support and move away from the 100 hour moving average.
Meta Platforms: Buyers regain key moving averages, but there is work to do.
Shares of Meta are also lower on the day, but have recovered from their session lows. From a technical perspective, the encouraging development is that the price is back above both its 200 day moving average at $631.54 and its 200 hour moving average at $635.53.
With the stock trading near $640.70, those moving averages become the near-term barometers for buyers and sellers. Stay above them, and buyers remain in play. Move back below, and the recovery loses some of its technical support.
On the topside, the next key target is $652.15. That marks the 50% midpoint of the move higher from the late-July low to the September high. Buyers have reclaimed support. Now they need to build on that progress.
Nvidia: Buyers respond at the swing-area floor.
Nvidia is rebounding after yesterday’s sharp selling took the price to $164.27, near the bottom of a key swing area between $164.07 and $168.80.
The stock is currently up $6.40, or 3.75%, at $175.30. The bounce shows that buyers were willing to step in against a defined support area.
Going forward, holding above $168.80 would keep the recovery on firmer footing. A move back into the swing area would weaken that recovery, while a break below $164.07 would give sellers more control.
On the topside, the next key target is $190. There is still ground to cover, but buyers now have a floor against which to define risk. Hold that floor, and they have a foundation for a further recovery.
Apple: Buyers take aim at the all-time high.
Apple shares are up 1.54% at $353.88, putting the all-time high at $355.38 within reach.
That high is the next key barometer. A break above—and the ability to sustain that break—would put the stock into fresh record territory and open the door for further upside momentum. If buyers cannot get through, sellers have a clearly defined level to lean against.
On the downside, the rising 100 hour moving average at $337.60 remains the key support and risk-defining level for the broader move higher. Buyers remain in control above that moving average. The immediate task is to turn the test of $355.38 into a sustained breakout.
Tesla: Buyers reclaim key moving averages. Can they hold control?
Tesla has snapped back higher after the sharp post-election selloff took the price down to $337.25.
The recovery has carried the stock back above three key technical levels: the 200 hour moving average at $366.38, the 100 hour moving average at $373.48, and the 200 day moving average at $383.05. Reclaiming those levels shifts the technical bias back toward the buyers.
The next task is to hold those gains. The 200 day moving average at $383.05 is now the closest key barometer. Stay above it, and buyers have a foundation for a push toward $400. A sustained break above that level would open the door for further upside momentum.
Conversely, a move back below $383.05 would weaken the recovery and bring the 100 hour moving average at $373.48 back into focus, followed by the 200 hour moving average at $366.38. Buyers have reclaimed important ground. Now they need to defend it.
This article was written by Greg Michalowski at investinglive.com.