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GOOGL, NVDA and TSLA Forecast – Major Tech Stocks Mixed
Published: Feb 10, 2025, 13:27 GMT+00:00
Three of the biggest tech stocks in the US are a bit mixed in the early premarket hours of Monday, as we stumble through earnings season in America.
GOOGL Technical Analysis
Pre-market hours appear slightly positive for Google, with analysts watching closely as the stock approaches the crucial $187.50 level. If it breaks through, we could see a move toward the 50-day EMA. Recently, Google experienced a shock when its earnings revenue came in lower than anticipated, causing a big gap down. However, a few days ago, I posed the question: could this end up being a buying opportunity? It certainly looks like some traders believe so. If that’s the case, a little bit of momentum could go a long way, as investors seek to take advantage of the broader uptrend, especially with a relatively short period remaining until the next dividend.
NVDA Technical Analysis
Nvidia looks set to open higher again as the market continues to recover from the massive gap down following the surprise release of DeepSeek and the suggestion that Nvidia chips might not be needed. However, since then, many questions have been raised about this claim. If Nvidia can break above the 50-day EMA, it is likely to continue its climb toward the $152 level. Short-term pullbacks could find support down to at least the 200-day EMA.
TSLA Technical Analysis
Tesla appears set to open slightly lower, as the stock continues to hover around the 50% Fibonacci retracement level and a key area of interest between $350 and $360. The big question is whether we will see a bounce from this level. If we do, it would be a textbook technical move—an initial rally, a pullback to the 50% retracement level, and then another bounce higher. Many technical traders will likely be watching Tesla closely for this exact setup.
About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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