AlTorress

NVDA, enters weekly bullish trend.Expect an Uptrend continuation

Long
NASDAQ:NVDA   NVIDIA
NVIDIA Corp (NVDA, $519.64) is predicted by Tickeron A.I.dvisor to grow by 2% to $530.03 or more within the next week. With its winning streak extending for a consecutive week, NVDA is expected to continue climbing following the week-long Uptrend ― the odds of an Uptrend continuation are 76%. Current price $506.92 is above $490.28 the highest support line found by Tickeron A.I. Throughout the month of 08/13/20 - 09/15/20, the price experienced a +14% Uptrend. During the week of 09/08/20 - 09/15/20, the stock enjoyed a +9% Uptrend growth.

Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +6.79% 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in 301 of 352 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.

The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 360 of 412 cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 60%. During the last month, the daily ratio of advancing to declining volumes was 1.49 to 1.

The Tickeron Price Growth Rating for this company is 1 (best 1 - 100 worst), indicating outstanding price growth. NVDA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 4 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 56, placing this stock better than average.

The Tickeron PE Growth Rating for this company is 13 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is 24 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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