StockCharts TV on $IGV (Oct 30, 2026)
IGV has fallen sharply and its technicals are negative — RSI and MACD both negative, price below the 50-day average, with ServiceNow well below its 200-day after earnings. Since IGV is heavily concentrated in enterprise software and AI, the speaker says investors need to be aware of this weakness ahead of Palantir's report next week.
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Another sub-industry group you should be aware of is the IGV, the Extended Technology Software Exchange (EDX) fund . Look, it's seen a sharp decline. Major earnings reports were released this week .
You can see that the IGV indicator now has a negative RSI and a negative MACD crossover, and we are below this key 50-day simple moving average . She spoke about Palantir, which is scheduled to announce its earnings next week.
One of the companies that announced its results last week is ServiceNow, and you can see that the stock has declined very significantly . We are below this key 200-day simple moving average, and we have a negative RSI and a negative MACD, and this is heavily concentrated around enterprise software and artificial intelligence. Therefore, you will need to be aware of that.
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