Tech Stocks Decline, Palantir Falls More Than 8%: What’s Influencing Markets on Tuesday?
Tech Stocks Decline: Major tech stocks experienced a pullback, with the Nasdaq 100 down 1.4%, led by Palantir Technologies which fell over 8% after a strong year-to-date performance.
Market Focus on Federal Reserve: Investors are awaiting Federal Reserve Chair Jerome Powell's upcoming speech for insights on interest rates, following unsuccessful peace talks involving President Trump and Ukrainian leaders.
Commodities and Currencies Movement: Commodities like crude oil, gold, and silver saw declines, while the U.S. dollar slightly increased despite lower Treasury yields.
Cryptocurrency Market Impact: Cryptocurrencies faced significant losses, with Bitcoin dropping 2.6% and losing around $110 billion in total market capitalization amid a risk-off sentiment.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
