In the world of trade and investment, few share consolidations have captured as much investor attention as the FAANGan acronym that initially referred to Facebook (now Meta), Apple, Amazon, Netflix and Google (now Alphabet). This term, popularized by Jim Cramer in 2013, has evolved over time, adapting to changes in the market and the relevance of these companies. Today, Cramer updated the acronym to MAMAAwhich includes Microsoft, Apple, Meta, Amazon and Alphabet, reflecting the importance of these tech giants in the global economy.
Their technical analysis can not only provide us with a detailed view of their individual developments, but can also offer us valuable pulse on the market in general. These companies not only dominate their respective industries but are also considered a barometer of technology and financial market health and trends.. Their stock market behavior can significantly influence the most important indices and investor confidence, making them a crucial reference for identifying and seeking to understand current market dynamics.
In this analysis, I will take an in-depth look at your key indicators and technical models to identify potential opportunities and risks, providing strategic guide for investors who wish to position themselves in these titans.
Microsoft
When I analyze Microsoft’s price curve, the first thing that catches my attention is the possibility that the stock will eventually confirm a broad bearish reversal known as a head and shoulders. To do this, the selling pressure should be able to break the key support that the title finds in the 380 dollarsthat It is located at 8.50%. As long as it remains standing, what is today a simple threat will not be confirmed. In fact, I would favor using a filter down to the theoretical support of the $371which is the 38.20% Fibonacci adjustment level of the entire last major upward move originated at the October 2022 low from $214, before confirming this downtrend, which would open the door to a potential bearish scenario towards 300-310 dollars.
In summary, operationally, if someone wants to buy Microsoft stock, it is recommended that they do so as soon as they reach the $380-390 drive a clearing stop linked to not losing the $371. If this support falls, the optimum would be to sell to resume purchases in the 300-310 dollars.
Microsoft can be used as a barometer to measure the health of the North American market’s uptrend. As long as your quote doesn’t lose $371 it will not be necessary to remove the red flag.
Apple
With Apple it is also very easy to identify where the critical support is located, which must not be lost under any circumstances if we want to continue to have confidence in a bullish context in the months to come. This support is at the lows of the August 5 panic session in the 196 dollars. There is the dividing line which separates a context of bullish continuity from a potentially bearish context towards the $165-173. They can buy as soon as they assume that stopwhich today stands at just over 10%. We won’t raise the red flag on Wall Street until Apple loses its capital. 196 dollars.
Aim
In the case of Meta, the support that it should not lose if it wants to continue to keep its uptrend intact is located in the zone of 500 dollars. This is where the basis of the channel lies which has limited the increases during 2024 and its loss would not make much sense in a context of strength on Wall Street. If it falls, I fear we will see a setback 400 dollarsthe scope of which I would see a priori as a magnificent opportunity to ride the long-term upward trend, what I usually call the purchase price for my twins.
Amazon
The upward movement that Amazon began in early 2023 from 82 dollars remains very valid and, at the moment, I do not detect or sense any bearish turn pattern that could be implemented. check to this impeccable trend. In a worst-case bullish scenario, it could pull back to seek support at $180. There, I would be a buyer.
Alphabet
In the August panic, Alphabet price reached the $150 support zone, which corresponds to the 38.20% Fibonacci correction level of the entire bullish move that led to the stock’s title. $83.50 to $191from October 2022 to July 2024. I doubt it will return to this support zone of 150 dollars and a possible fall should not worsen under the 160 dollarswhere I would be in favor of purchasing. If $160 falls, it would reduce positions in Alphabet, because from there it could not rule out a drop to $147-150 and even lower levels like 140 dollarswhere it opened a powerful bullish gap months ago.
Netflix
Technically, Netflix is the one with the strongest upward trend, as evidenced by the fact that last week its price reached new all-time highs. I don’t see anything that indicates weakness. The problem is that when the prices run out, they will likely have already dropped significantly in price. I prefer titles in which I can better identify the medium and stop.
