Key insights
- The author provides technical analysis-based price targets for potential downside in the Magnificent Seven stocks. They identify support levels and estimate percentage drops. The analysis suggests potential weakness in these leading stocks, which could negatively impact the broader US equity market, although the methodology is subjective.
Hi everyone,
Just like every other person who's involved in investing, I've been watching the stockmarket very close the past few weeks. Especially the mag7 stocks. I've made a table of the current price and the price I think stocks can go to (drop). I've made this table based on looking at the charts (supportlines, EMA50 and EMA 200).
Out of the 7 stocks I looked at, 5 stocks have reached a 'strong' support while 2 stocks (Nvidia and GOOGL) didn't find a support yet.
Feel free to share your opinions about this.
|Stock|Current price|Next support|Possible % drop| |:-|:-|:-|:-| |Amazon|200 USD|188 USD|5 – 6%| |Googl|270 USD|Unknown (sharp rise the last few months)|Unknown| |Microsoft|355 – 360 USD|310 USD|12 – 13%| |Tesla|360 USD|300 USD|20%| |Nvidia|167 USD|Unknown (will most likely drop further)|Unknown| |Meta|525 USD|480 USD|8%| |Aapl|250 USD|235 USD|5%|
Have a good weekend y'all!