GOOGL, AMZN and AAPL Forecast – Major US Stocks Quiet in the Premarket on Tuesday

GOOGL Technical Analysis

The Google stock looks like it is possibly going to open up a little bit higher than it closed during the previous session here on Tuesday, but we are fighting the 50-day EMA, and that, of course, is something worth paying attention to. If we can break above the 50-day EMA decidedly, then the 200-day EMA near the $170 level becomes in focus. It is worth noting that the earnings call was better than anticipated a few days ago. So that comes into the picture as well. And of course, when you look at the longer term picture, the $150 level seems to be offering significant support yet again.

AMZN Technical Analysis

Amazon looks like it’s going to open on Tuesday slightly higher than it closed on Monday. But really, I think at this point in time you have a situation where traders are waiting for that conference call on Thursday. With that being said, I think you probably see a little bit of sideways action, perhaps even a drift lower, but it’s all going to be about the earnings call and what the forward guidance is for Amazon. The 200 day EMA sits right around the $197.50 level, and that should be a significant barrier, especially as it sits just below the $200 level on any rally.

AAPL Technical Analysis

The market for Apple looks like it’s going to open up basically where we closed on Monday, but we are now starting to face the 50 day EMA. And that, of course, is something that we need to keep in the back of our mind. If we can break above the 50 day EMA, then it opens up a move to the $220 region where we find the 200 day EMA.

Short-term pullback should see some support here near the $200 level, which is where we have a bit of a gap. All things being equal, I would expect a noisy attempt to try to go to the upside, but this is going to be a very messy market. Earnings are on Thursday as well, so Amazon and Apple will both be in focus over the next couple of days.

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