Triple top.. bye bye NvidiaPrice cannot get past 960-970$ zone
These failures create a triple top formation that is a very bearish pattern
I expect a sharp downtrend move in the next weeks
NVDA trade ideas
NVDAWeekly chart here with log Scale... . Upper boundary has been respected for years 7years here and so has Weekly 200sma (Purple line)... last test of upper boundary was March .. The resistance is slanted upwards so Technically NVDA can make another high without breaking.. Lets see NVDA did rally after earnings, the upoer boundary or trendline would now be 1080-1100 which would represent another 12-15% move up ..
Here you can see that when NVDA is over 150% extended from its weekly 200sma a crash occurs.. And when i say crash i mean 35-50% dump .. If NVDA was to pop to 1100 that would put it at 275% extended from 200sma and also near resistance.
I think i nvda will pull back to weekly 200sma or 410.00 by fall of 2025 and that if this pops it will be the last high for some time..
This is the time to try and shortThe last time NVDA had a meteoric exponential rise of 1500%, it had taken only three months to lose over half of its market cap. This coincided with the monthly RSI being severely overbought.
I am proposing we will see the same occur at this level. Not only with the same overbought levels, but nearly double the absolute bottom to top gain we saw from the 2015 era. However, this time we are also at the peak of a trendline on the S&P going back to 1929 when we rejected the 535 level.
I am proposing that Nvidia will see a sharp decline possibly to the 600 level within the coming months.
Position: 4x 9/20/24 800p. 88% of remaining portfolio is in cash waiting for a 25% retracement on all indexes.
NVIDIA is going to top out, consolidate before taking offThere's only one more meme rally left before CBDC's. I expect Nvidia to meet guidance for earnings, will spike up and then crater.
There's some cheap puts for .20 for 500 strike price for July. Will probably be 450 after it's all said and done when it bottoms out. Which is a 2,250x return if the stock did crater! Couldn't rule out a flash crash. I think if we wait till next week to buy the puts it'll be cheaper, maybe .15 which is a 3,000x.
They will definitely soar when the FED ends up cutting rates after the BOJ sells treasuries and BRICS unveil their currency.
If Trump wins our country will convert back to a gold standard. If Biden wins they will try to usher in a CBDC. Better own some food, land, ammo and precious metals comrade if you do decide to vote against "Mean Tweets"...
Time for a rug pull on this bubble stockDump the bubble stock on retail.
Yours sincerely,
Wall Street
After Earnings Report, NVDA Stock Price Exceeds $1,000After Earnings Report, NVDA Stock Price Exceeds $1,000
For the first time in history, Nvidia's stock price has reached a four-digit number, and its market capitalisation has surpassed $2.5 trillion, ranking third globally after Microsoft and Apple. This surge is due to a strong earnings report, driven by high demand for AI chips:
→ Earnings per share: actual = $6.12, expected = $5.60;
→ Gross revenue: actual = $26.04 billion, expected = $24.59 billion.
Additionally, Nvidia announced a 10-for-1 stock split to make shares more accessible and attract new investors, which should support NVDA stock in the future.
While yesterday's main trading session closed around $950 per share, the price rose by approximately 6% in after-hours trading. Thus, NVDA's stock price has increased by over 100% since the beginning of the year. Can the rally continue?
On March 28, in the article "Stock Market Analysis: NVDA Losing Leadership?", we:
→ Noted signs of weakness relative to the S&P 500 index;
→ Constructed an ascending blue channel;
→ Suggested a potential pullback to the $800 level.
The NVDA chart shows that after these signs of weakness, the price dropped to the lower boundary of the channel on April 19, briefly falling below $800. However, the bulls then attempted to resume the upward trend, and it paid off.
Given NVDA's pre-market price, it is reasonable to assume today's main session will open around $1,010. Therefore, technical analysis of the NVDA daily chart today shows:
→ The price remains within the ascending channel;
→ The price is breaking through the $960 level with a bullish gap, which can now be expected to act as support;
→ If the bullish momentum from the earnings report continues (as it did on February 22), NVDA's price could approach the median line of the ascending channel.
According to TipRanks, the average analyst target price for NVDA is $1,104.62, but this target may be raised considering Nvidia's strong forecasts for the next quarter.
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A Golden Age for Splits? Nvidia's MoveNvidia's recent announcement of a 10-for-1 stock split sent ripples through the tech industry. Investors cheered the move, with the stock price surging 9% to a record high. But beyond the immediate impact on Nvidia, Bank of America (BofA) suggests this could be the first domino in a wave of tech stock splits. This article explores the implications of Nvidia's split, the factors driving potential future splits, and the historical trends associated with this strategy.
Nvidia's Split: A Catalyst for Change?
Nvidia's stock price, hovering around $1,000 before the announcement, undoubtedly played a significant role in the decision. With a lower share price after the split, the stock becomes more accessible to individual investors, potentially broadening its investor base. This aligns with BofA's observation that Nvidia is already a favorite among retail investors, according to a May 22 Vanda Research report.
BofA analysts see the split as a positive sign, highlighting a trend of "shareholder-friendly policies" within large-cap tech companies. They also point to historical data suggesting that companies undergoing splits tend to experience strong returns in the following year.
A Landscape Ripe for Splits?
BofA's note identifies 36 companies within the S&P 500 with share prices exceeding $500, potentially making them candidates for future splits. This includes tech giants like Microsoft and Meta Platforms, whose stock prices are approaching that threshold.
There are several factors making the current tech landscape ripe for stock splits:
• Soaring Stock Prices: Fueled by technological advancements and strong demand, many tech stocks have experienced phenomenal growth in recent years. This has pushed share prices to record highs, potentially creating a psychological barrier for some retail investors.
• Accessibility and Liquidity: A lower share price can make a stock more attractive to individual investors, increasing overall trading volume and liquidity. This broader investor base can potentially lead to a more stable stock price.
• Psychological Impact: A lower share price can make the stock appear more affordable, even if the underlying value of the company remains unchanged. This can trigger increased buying interest, particularly among retail investors.
Beyond Price: The Strategic Considerations
While share price is a key factor, companies considering a split should also weigh other strategic considerations:
• Signaling Confidence: A stock split can be seen as a sign of management's confidence in the company's future growth potential. This positive signal can improve investor sentiment and potentially attract new investment.
• Maintaining Momentum: A well-timed split can capitalize on a company's positive momentum, further propelling its stock price upwards. However, a poorly timed split during a market downturn might not yield the desired results.
• Cost and Complexity: Implementing a stock split involves administrative costs and logistical complexities that companies need to consider.
Historical Trends and Potential Outcomes
BofA cites historical data showing that stock splits have generally been followed by positive returns. They argue that splits don't dilute the company's value, but rather make it more accessible to a broader investor base. This can lead to increased trading activity and potentially higher valuations.
However, it's important to note that correlation doesn't imply causation. While past trends suggest positive outcomes, future performance remains subject to market conditions and individual company fundamentals.
The Road Ahead: A Spliting Tech Future?
Nvidia's stock split has reignited the conversation around this strategy within the tech industry. With numerous companies sporting high share prices, BofA's prediction of a potential wave of splits holds merit. This trend, if it materializes, could have several implications:
• Increased Retail Investor Participation: Lower share prices could attract more retail investors to the tech sector, potentially boosting overall market activity.
• Enhanced Liquidity: Broader investor participation can lead to higher trading volumes and improved liquidity for these tech stocks.
• Short-Term Volatility: The implementation of splits could lead to short-term market volatility as investors adjust their positions.
Conclusion
Nvidia's stock split may be a harbinger of a larger trend within the tech sector. Companies with high share prices might consider following suit to broaden their investor base and potentially enhance long-term value. However, the decision to split should be a strategic one, carefully evaluating both the potential benefits and the associated costs and complexities. As the market watches Nvidia's post-split performance, it will be interesting to see if this move ushers in a new era of tech stock splits and how it shapes the investment landscape in the coming years.
💫NVIDIA might be ready for ATH: Multitimeframe💫☝️Do not act based on my analysis, do your own research!!
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$NVDA path to the top - $1170ish targetUpdating my analysis with some additions of some key levels to watch for as price makes it's way higher.
I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels.
Even though price seems to be forming a H&S top, I'm not sure that we break down here.
I think the most likely scenario is that price moves up to the midpoint at $993-1008. If it breaks it, we likely see the highs at the upper resistance levels. If it can't break that level, it sets up a move down to the lower supports. If those supports hold, then it'll set up one final move to the upper resistance levels.
My base case is move to midpoint, reject and then a final move to the highs. But reality is, price can take a number of paths from here. You'll want to long the lower supports, reduce risk at the middle supports and sell the top levels.
Let's see how it plays out over the coming month.
NVDA: The 10-1 Split Chart I'm Watching Now I was hoping for the stock split and it is finally here .. so here's the chart i will be watching (and trading) for the next 2 weeks - thought to share with other traders who like splits (like me ;) ) ..
I love stock splits because _ with big names like AAPL, TSLA, NVDA..etc, they generate so much hype and excitement that a split announcement presents a wonderful trading event ..
i see so many "gurus" say that a split changes nothing for the stock, and that's true from a valuation standpoint, but the mechanics (option pricing / broker hedging) and trader psychology around a split introduces major catalysts that are known only to few traders.. anyways, that's a whole different topic.
there's 2 trading plays here.. one stage is short-term (a 2-week swing), we trade the split between the announcement to the actual record date for a big move up - then there's the longer term Buy/hold of the stocks for few months after the split - for a possible run generated by the demand of new investors coming in to the (now cheaper) stock.
Big caveat here, the scenario i have on the chart is only a "possible" scenario - and it may not materialize - no one can predict the market - there are major economic news coming next week - so closely managing this trade is super critical. This is a high-risk/high-reward but i like the probabilities .. the wind is (mostly) favorable now but can turn at any moment.. risk management is the key.
i will trade this split with both stocks and long call options (June month expiry) .. i won't keep the options for long, and for the stocks, may unload a part right after the split. i Have my price targets (including the expected call option prices already calculated
If you'd like to read more about why I love splits and how i trade them, pls find my old published idea on the AAPL split back in 2020
Note the record date of this split is Thursday June 6th
This is not a trade recommendation - just sharing what I'm doing.. Good luck.
pure technicalsearnings aside NVDIA chart is looking bearish, it has closed out the ascending triangle like never before, probabaly a little sell and the earnings wont come as good as expected but not horrible, ive been doing this for 4 years news just an excuse 8/10 times to do what the chart says.
lets see! im just using this to see if i should enter crypot ai coins
NVDA short: Hit Price Target from Fibonacci extensionI had previously mentioned to wait to short NVDA with resistance around $970 and expected their earnings to push the stock to gap up to just below $1000 (I had expected around $991). But good thing is that it gapped up way above the 2 prices mentioned above and actually made a perfect top at the Fibonacci extension level. Meaning if people had waited according to what I said, they could enter the short position at a much more favourable price.
🗺️NVIDIA Roadmap🗺️🚀➕20%🚀🔔Today, I want to analyze NVIDIA stock for you because I think it still has the potential to increase in price, and also, in NVIDIA 's previous rally, AI tokens had a good rise.
💡The main reason for Nvidia's growth is the company's leadership in the field of Artificial Intelligence(AI) chips . The market value of this company crossed the one trillion dollar mark less than a year ago. Nvidia now has a higher market value than the well-known companies Amazon and Google .
💡 Nvidia's earnings report that was published exceeded expectations so that Nvidia was able to make $26 billion in profits in the first 3 months of this year, which is really great.
💡Profitability was 5.3% higher than forecasts , and Nvidia made a profit of $6.12 Earnings per Share(EPS) .
💡Nvidia forecasted $28 billion in revenue for the fiscal second quarter , with a margin of error of 2% .
💡Soon the price of each stock will be divided into 10 units. For each stock of the price break, $0.01 is distributed, which represents 150% growth from the previous period.
💡 Artificial Intelligence Tokens have not yet shown their progress, but it is better to keep an eye on them. BINANCE:FETUSDT _ BINANCE:NEARUSDT _ BINANCE:RNDRUSDT _ BINANCE:GRTUSDT _ BINANCE:TAOUSDT _ BINANCE:INJUSDT _ BINANCE:THETAUSDT
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📊Now let's take a look at the NVIDIA chart .
✅ NVIDIA managed to break the 🔴 Resistance zone($974_$924) 🔴 by Breakaway Gap .
📈In terms of Classic Technical Analysis , NVIDIA has managed to form a Bullish Long Island Pattern , and this pattern is one of the continuing patterns and will be a sign of the continuation of NVIDIA's upward trend .
🌊According to the theory of Elliott Waves , NVIDIA is completing the main wave 5 and it is very likely that the main wave 5 will finish in the 🟡 Potential Reversal Zone(PRZ)($1,305_$1,138) 🟡.
🔔I expect that NVIDIA will continue to grow at least 🚀➕20%🚀 more, although minor corrections are also possible.
NVIDIA Analyze (NVDAUSD), Daily time frame ⏰.
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NVDA: Earnings Week AheadNVDA has been extremely rangey.
It has been operating within a larger bearish setup; however, my suspicion is that it soon should be invalidated because, in my opinion, no market top as of yet.
NVDA has been in this uptrend channel for some time, more of a wedge I guess you could say:
We ended the week right on support and within the next week bull/bear threshold range.
Probability for Monday is bearish which makes me think we will gap up and re-test on Monday. Look for the bull/bear threshold range as the support range into next week.
Bias is up, at least to the top of the channel but realistically NVDA will likely make a new ATH, maybe with earnings this week, but can't be certain.
I don't play earnings and am not going to count on 2 consecutive parabolic earning releases, I will catch it pre and after the move but not gambling the move myself.
Overall bias on the week is long to the high targets in the chart.
If you are an earnings gambler, I wish you luck! haha
Safe trades!
Nvidia 1500 by November PossibleUsing Elliot waves and fibs plus other TA I believe Nvidia is ready for another run up after consolidating for a few months..... Earnings are tomorrow after market close and if they come in rocking like I suspect it could setoff another run up and I'm liking 1500 as a destination by the election in November. Other targets are also possible but I believe up is the direction from here.
Nvida Back on Track to Reach 1,157My 03/12/24 post illustrated that NVDA could reach 1157. Subsequently NVDA broke important support noted in 04/19/24 post.
The NVDA 05/22/24 earnings report has put the stock back on track to hit what could be major resistance near 1,157.
Friendly Reminder: NVDA Bullflag BreakoutWe have earnings tomorrow but friendly reminder that we did have a major breakout from a bullflag, all things held constant we should approach our profit targets nicely.
Nvidia Where iT Will Break ?Hi mates and Trading community so here i am sharing mine a very simple and ordinary idea on Nvidia on the basis of price action support and resistance but hope it will work and will respect to the marked levels.
So as we can see that price reaching third time to the marked resistance and getting rejections again from there so i marked up an immediate support (920) if price break this and close below we can see price can touch marked target zone below which is also a support zone based target and if price will break resistance and succeed to close above we can see marked potential upside target in coming sessions target taken from the length of consolidation channel.
My view for coming trade execution is not clear so far that is the reason not tagging this publication in long or short category so after any breakout i will update my trade idea accordingly.
This idea is meant for only educational purpose this not any kind of trading or investment advice.
Best Regards- Amit
NVIDIA - ready for the earnings?
Regarding Nvidia, we maintain our view that Wave ((iv)) has concluded, and we are currently on the path to completing the overarching Wave 3. We anticipate this wave to reach between $1032 and $1300, which we consider the maximum potential target range for now.
We observed an accumulation phase from June 2023 to January 2024. This area might become significant again, possibly next year, as a zone for placing new entries. Currently, the market has left a lot of imbalances and shows very little volume on the way up because the price has been consistently surging.
With the earnings report due today, we can expect around 8.7% volatility in either direction, depending on the earnings outcome. It’s common to see even greater fluctuations than anticipated during such events. We will find out this evening after the market closes. For now, everything points towards the continuation of the upward trend.
Zooming in, it's clear that since reaching the 461.8% level, where we perfectly completed Wave ((iii)), we have seen the formation of Waves (i) and (ii) in the current move to complete wave ((v)). We anticipate expanding this upwards within the trend channel. Our tentative expectation is that the upcoming earnings report might outperform expectations, which would align with the chart’s indications.
If earnings exceed expectations, we could see a spike to a new all-time high, followed by a retracement marking Wave (iv) and then an overshooting Wave (v).
The target zones for Wave ((v)) are similar to those of Wave 3, lying between the 50% and 61.8% Fibonacci extensions. Specifically, we are looking at a range between $1123 and $1192.
After reaching these levels, we expect a significant pullback towards the Wave 4. This scenario would align with typical Elliott Wave patterns and provide opportunities for strategic entries and exits.
Nvidia Takeoff!! $1039 with earnings around the cornerNvidia earnings around the corner are we going to make another ATH in Spy! Will Nvidia get us there, I think so GPU 50 series release Rumors more Cloud Technology added in GPU's!! What else could you ask for in an AI boom!! $1039 price target for Nvidia
NVDA - Long Condor Spread (options trade)First time doing a Long Condor Spread for an earnings play.
NVDA expecting a big upside move.
It's an Iron Condor, but only on the call side, the strikes:
-965 +960 & -1100 +1105
Risking $169 to make $331, directionally bias move to the upside.
Nvidia Stock Surges After Exceeding Earnings Expectations Nvidia Shares Surge Over 6% in Premarket Trading
Shares of Nvidia ( NASDAQ:NVDA ) rose more than 6% in premarket trading on Thursday following the company's impressive first-quarter results and CEO Jensen Huang's remarks about the soaring demand for its upcoming AI-optimized chip.
Nvidia, a California-based semiconductor giant, has seen its data center graphics processing units (GPUs) become crucial to the development of generative AI products. As a result, Nvidia's performance is now viewed as a key indicator of AI demand and a significant influence on broader market sentiment. U.S. stock futures also climbed in response to the report.
"The next industrial revolution has begun," Huang stated. "AI will bring significant productivity gains to nearly every industry, helping companies become more cost- and energy-efficient while expanding revenue opportunities."
Nvidia Stock Surges After Exceeding Earnings Expectations
Nvidia has exceeded market expectations with its April quarter results, solidifying its status as a crucial stock globally. CEO Jensen Huang highlighted the company's pivotal role in the evolving tech landscape, stating, "The next industrial revolution has begun. Companies and countries are partnering with Nvidia to shift traditional data centers to accelerated computing, creating AI factories to produce a new commodity: artificial intelligence."
Nvidia's sales soared 262% in the first fiscal quarter to $26 billion, marking an 18% increase from the previous quarter. Earnings per share, excluding non-cash costs, reached $6.12, up 461% from the previous year and 19% from the prior quarter, surpassing Wall Street's estimates of $5.60 per share. Under generally accepted accounting principles, earnings were $5.98 per share.
The company also provided robust guidance for the July quarter, projecting revenue of $28 billion, surpassing the average Wall Street forecast of $26.6 billion. Nvidia's dominance in the AI platform sector was underscored by a more than fivefold increase in sales to cloud-computing data centers, which totaled $22.6 billion or 87% of total revenue. Chief Financial Officer Colette Kress noted that large cloud providers were significant contributors, accounting for approximately 45% of all data center revenue in the quarter.
Into the Omniverse: SoftServe and Continental Accelerate Digitalization with OpenUSD and Generative AI
In response to the increasing demand for seamless and connected driving experiences, SoftServe, a leading IT consulting and digital services provider, has collaborated with Continental, a prominent German automotive technology company, to create the Industrial Co-Pilot. This virtual agent, powered by generative AI, helps engineers streamline maintenance workflows.
SoftServe enhances manufacturers' operations, like those of Continental, by integrating the Universal Scene Description (OpenUSD) framework into virtual factory solutions. These solutions, including the Industrial Co-Pilot, are developed on the NVIDIA Omniverse platform, further optimizing efficiency and productivity.
South Korea Unveils $19 Billion Package for Chip Industry
South Korea has announced a 26 trillion won ($19.09 billion) package to bolster its semiconductor market. The initiative, revealed by President Yoon Suk Yeol during a meeting with government officials, includes a 17 trillion won investment plan through the Korea Development Bank for chip producers and suppliers to enhance semiconductor infrastructure.
Despite the country's current 1% share in the global fabless industry—a term for semiconductor companies without production lines—President Yoon emphasized the strategic importance of this sector. "Semiconductors are a field where all-out national warfare is underway. Winning or losing depends on who can make cutting-edge semiconductors first," Yoon stated.
AI Boom Fuels High Expectations for NVIDIA's EarningsThe whole world is waiting for NVIDIA's new quarterly figures, which the company will release this evening. Analysts have already announced new price targets on the upside: there is talk of $1,200, even $1,500. Is this realistic? Yes, both from a technical and a fundamental perspective. The AI boom is just gaining momentum and is unlikely to turn out to be a bubble in the medium to long term, but rather possibly a new Kondratiev cycle. In the larger time frames, we do not see an overbought situation either technically or from the perspective of the indicators. On the contrary, the MACD is poised for a new upward movement in the higher time frames, and the VOLD indicates a healthy upward trend. The presented trading idea is just one of many ways to benefit from the further upward trend.
