This is a Bullish indicator signaling NVDA's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 50 similar cases where NVDA's MACD histogram became positive, and 42 of them led to successful outcomes. Odds of Success: 84%. Current price $516.60 crossed the resistance line at $525.60 and is trading between $525.60 resistance and $510.62 resistance lines. Throughout the month of 12/02/20 - 01/05/21, the price experienced a -1% Downtrend, while the week of 12/28/20 - 01/05/21 shows a +4% Uptrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 05, 2021. You may want to consider a long position or call options on NVDA as a result. Tickeron A.I. detected that in 64 of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.
The Moving Average Convergence Divergence (MACD) for NVDA just turned positive on January 05, 2021. Looking at past instances where NVDA's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 42 of 50 cases over the following month. The odds of a continued upward trend are 84%.
NVDA moved above its 50-day Moving Average on January 05, 2021 date and that indicates a change from a downward trend to an upward trend.
Following a +2.68% 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in 303 of 356 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 348 of 405 cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 05, 2021. You may want to consider a long position or call options on NVDA as a result. Tickeron A.I. detected that in 64 of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.
The Moving Average Convergence Divergence (MACD) for NVDA just turned positive on January 05, 2021. Looking at past instances where NVDA's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 42 of 50 cases over the following month. The odds of a continued upward trend are 84%.
NVDA moved above its 50-day Moving Average on January 05, 2021 date and that indicates a change from a downward trend to an upward trend.
Following a +2.68% 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in 303 of 356 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 348 of 405 cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.