TSLA, MSFT and META Forecast – Major Technology Stocks React to Earnings

TSLA Technical Analysis

Tesla is looking to open up higher at the open on Thursday as the earnings report, although negative as you can see on the chart, the reality is that the forward guidance was actually pretty strong. So that has buyers jumping in and taking advantage of the dip in Tesla again, which from a technical analysis standpoint makes sense also because of the 50-day EMA and the 38.2% Fibonacci retracement level being there. With that, I think you’ve got a situation where traders are looking to buy the stock and we could very well see this thing run back up to the $440 level pretty easily.

MSFT Technical Analysis

Microsoft, probably going to be a tough day for Microsoft even though earnings came out fairly strong. It’s worth noting that the Microsoft outlook wasn’t as rosy, to put it mildly, so we are racing towards the trend line. The question at this point in time comes down to whether or not the 200 day EMA can hold or can the uptrend line hold at this area.

It is very possible, this could end up being a buying opportunity, but I would be cautious and wait to see whether or not Microsoft can bounce. I mean, obviously Microsoft’s not going to zero, but it is a stock that’s been in a well-defined channel and we’re going to open up towards the bottom of it, so it is worth paying attention to.

META Technical Analysis

And finally, Meta looks like it’s going to gap higher. Earnings of course came in much hotter than anticipated, as you can see. And that of course is the thing that drives most of these stocks. It is overstretched though. So we’ll see how much momentum it can keep up. I would prefer to buy this on the dip just so that I’m not paying more for it than I have to. Nonetheless, this is obviously a stock that’s going to continue to perform well and as long as that’s the case, you have to be long of Meta going forward.