NVIDIA, Netflix, Tesla And Apple: The Negative Divergences Pile Up

NVIDIA
NVDA

DIA
, Netflix
NFLX
, Tesla
TSLA
and Apple
AAPL
now have daily price charts showing significant and telling divergences: price is going up, but the technical analysis gauge known as the “relative strength indicator” or “RSI” is going down. Often — not always, but often — this suggests a warning about the strength previously seen in the stocks.

This is just one example of a price chart look and you would be required to study it in conjunction with other factors, of course. Nonetheless, since these 4 brand name tech stocks were key players in the recent NASDAQ
NDAQ
-100 power move upward, it’s worth taking the time to examine these divergences on each chart.