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Tech Stocks Forecasts – AAPL, MSFT, and AMZN Face Pre-Market Pullbacks

The article says major U.S. tech stocks are soft in pre-market trading, with Apple, Microsoft and Amazon all indicated lower. Apple is seen potentially gapping down after breaking above prior resistance near $317, though the stock remains above key moving averages and may be overbought ahead of earnings on July 30. Microsoft is struggling to hold its 50-day EMA amid higher rates and has seen recent weakness, but buyers are still stepping in on dips. Amazon is also expected to open lower, with the 200-day EMA near $235.77 cited as support. The piece frames the move as a short-term technical pullback rather than a major trend reversal, with earnings approaching and macro concerns around inflation and consumer demand weighing on sentiment.

Category

Apple

Sentiment

Mixed

Event

Technical analysis

Reading time

1 min