Tech Stocks Decline Even with Nvidia's Strong Performance, Walmart Rises 6%: Market Movers on Thursday
Nvidia's Earnings Report: Nvidia Corp. reported $57 billion in quarterly revenue and earnings of $1.30 per share, surpassing expectations, but its stock fell 1.8% by midday due to a broader market downturn.
Market Reaction: Major indexes, including the Nasdaq 100 and S&P 500, experienced declines as a stronger-than-expected U.S. jobs report dampened hopes for a December rate cut by the Federal Reserve.
Walmart's Performance: Walmart Inc. stood out in the S&P 500, rising 6% after exceeding earnings expectations and raising its guidance, positively impacting the Consumer Staples sector.
Tech Sector Struggles: The tech sector continued to lag, with chipmaker stocks dropping 2% and a significant bearish sentiment emerging in crypto markets.
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Technical Analysis for SOLV
Technical Sentiment Analysis for Solv Protocol (SOLV). As of , Solv Protocol (SOLV) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOLV stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOLV is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solv Protocol (SOLV) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00333 | 0.00382 | 0.00429 | 0.00478 | 0.00525 | 0.00574 | 0.00621 |
| Fibonacci | 0.00382 | 0.00419 | 0.00442 | 0.00478 | 0.00515 | 0.00538 | 0.00574 |
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