Tech Giants Face Local Resistance to Data Center Expansion
- Community Opposition Intensifies: Nationwide, residents are rapidly opposing data center constructions, resulting in 20 proposals worth $98 billion being stalled from April to June due to local resistance, highlighting strong community backlash against tech expansion.
- Frequent Legal Challenges: Many areas lack clear regulations on data centers, forcing local governments to consider special exceptions or draft new laws in response to resident opposition, complicating and adding uncertainty to project approvals.
- Significant Economic Impact: Developers are contemplating selling properties that have secured electricity access due to concerns over zoning disputes, indicating that a lack of community support could undermine investor confidence in data center projects.
- Industry Response Strategies: Data center industry representatives are urging developers to engage more effectively with communities early in the project lifecycle to highlight economic benefits and explain conservation efforts, aiming to alleviate resident concerns and facilitate smoother project approvals.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.061 | 0.0687 | 0.0775 | 0.0852 | 0.0941 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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