Short-term TECL stock price forecast sentiment remains bullish in intraday trading, particularly when the 10-day moving average stays above the 20-day signal line on leveraged tech positions. Retail sales in the United States inched up 1% sequentially in July 2024, following a downwardly revised 0.2% drop in June and way better than forecasts of a 0.3% gain. It is the biggest increase since January 2023, with sales at motor vehicle and part dealers rising the most (3.6%), followed by sales at electronics and appliance stores (1.6%) (read: Retail Sales Gains in July: ETFs & Stocks to Play). 3X TECH SECTOR!? HOW HAVE I NEVER HEARD OF THIS GOLDMINE Some TECL stock price forecast models now integrate global macro cues, including USD strength and Chinese tech export trends, as these indirectly influence large-cap US tech valuations.