NVIDIA all time high and upside levels to bear in mindOn the monthly chart should NVDA continue it's course of action, the upside Fib extension levels of 1.618 and 2 to watch out for is between 620 - 738.Longby FxCloudTrader111
NVDA earnings 11/21/23NVDA earnings are next Tuesday, 11/21/23, at 4:20pm. NVIDIA (NVDA) reported earnings of 2.79 per share on revenue of 13.51 billion for fiscal Q2 ending July 2023. The consensus earnings estimate was 2.09 per share on revenue of 11.09 billion. The company beat expectations by 30.99% while revenue grew 101.48% on a year-over-year basis. The company said it expects third-quarter revenue of 15.68 billion to 16.32 billion, with gross margins of approximately 72.5%, which implies non-GAAP earnings of 3.17 to 3.47 per share. Q3 October 2023 consensus: EPS = 3.16 Revenue = 16.12 B Moving averages: SMA50 = 443 SMA100 = 447 SMA200 = 369 AVWAP = 350 Angle of trajectory: 6 month = 460 YTD = 523 4 year = 358 Options data: Exp Date Put/Call OI 2023-11-17 0.9756 2023-11-24 0.7594 2023-12-01 0.6115 2023-12-08 0.7662 2023-12-15 0.7986 2023-12-22 0.8062 2023-12-29 1.2591 2024-01-19 0.9816 2024-02-16 0.7802 2024-03-15 1.552 2024-04-19 2.1658 2024-05-17 1.7528 2024-06-21 1.1359 2024-09-20 1.4871 2024-12-20 0.9676 2025-01-17 1.5738 2025-06-20 1.1192 2025-12-19 1.0876 2026-01-16 1.1469 by Options360Updated 1
NVDA: Approaching an All-Time High! Don't be Greedy.NVDA has reached a critical resistance area, as evidenced by the yellow area in the chart above. Although a pullback would be plausible in this circumstance, there is no bearish chart structure suggesting a possible correction, and there is no top signal today. Since it hit the previous support at $403.11 (red line), NVDA has rallied relentlessly. So it's important to keep in mind that if NVDA is about to correct, now would be the perfect time. We just need more confirmation. Confirmation is important because we can’t possibly know the future. Remember, trading is reactive, not predictive. Let’s take the reaction observed on October 31 as an example (red circle). On October 31, NVDA did a fantastic bullish reversal candlestick pattern, a Hammer, which acts as a bullish reversal roughly 60% of the time, according to Bulkowski’s studies (Encyclopedia of Candlestick Charts, p.348). This reaction has occurred right after NVDA hit the $403.11 support line, a critical support level that was making many investors nervous, as it was the neckline of a “possible” Head and Shoulders chart pattern, as seen in the weekly chart below. However, as long as the price doesn’t close below the neckline, the pattern won’t be triggered, which is why I used the word “possible”. Investors who were betting on a breakout were frustrated by the Hammer pattern on the daily chart, which rejected the thesis of the H&S pattern. As one of the greatest and most controversial traders that ever lived once said: “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” - Jesse Lauriston Livermore. Therefore, although NVDA is trading at a critical resistance level, near the all-time high, and it is having a hard time to break it, we don’t see any top signal confirming a pullback yet – but we might see one soon. If NVDA corrects, we can expect that it would seek its next support levels, like the $476.09 or the 21 ema on the daily chart, and this wouldn't ruin the bull trend. In fact, it might be just another buying opportunity. I’ll keep you updated on this, so consider following me to keep in touch with my analysis. Best regards. Nathan.by Nathan_Black4424
NVDANVDA bull case is it mirroring its current extension above previous all time high on an earnings pop 544-570Longby jhonnybrah0
Bearish Scalping Opportunity for NVDIA. As always thank you for watching my analysis. Please watch as I explain why I think NVDA is going down and will be a good short-scalping opportunity. And as always, keep your charts clean! NASDAQ:NVDA Short01:17by OptionsMastery1
💵 E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S Current 50-Day Market Trend: long/buyers/positive. Next Swing: negative swing to support. Next Wave: sell wave to the mean. Next 50-Day Market Trend: long/buyers/positive. Trade Type: Touch & Go don't wait for a close. 💵 E A R N I N G S A T A G L A N C E Market Capitalization: 1.218T Release Date: 11/21 AMC Quarter: FQ3'24 _______________________________________________ Revenue Anticipations: positive surprise of Revenues. Revenue Surprise-Confidence: on a scale of 0-9, #1 Revenue 2-Year Trend: the company trend in Revenues is positive. _______________________________________________ EPS Anticipations: positive surprise of EPS. EPS Surprise-Confidence: on a scale of 0-9, #5 EPS 2-Year Trend: the company trend in EPS is positive. _______________________________________________ 📝 S Y N O P S I S 🟢 Buy ~ If the earnings report is above the Wall Street consensus, I expect the market will buy the +surprise. ⚪ Neutral ~ If the earnings report is released with complicating press, I expect the market will avoid the surprise and invest in alternative securities. 🔴 Sell ~ If the earnings report is below the Wall Street consensus, I expect the market will sell the -surprise. 🔎 R E S E A R C H D E P T H Technical Analysis: daily chart. Fundamental Analysis: EPS & Revenue data. Press/News: none. Social Media: none. ☝️ P R O V I S I O N The analysis presented is incomplete work thereby can't safely trade in the Market by itself.by HGCRD1
NVIDIA PUTSThe weekly price action is completing a double top formation and daily price confirmed bearish outlook with lower high. Expecting the price to drop to $440 area, and given that its weekly tf forming double top, price will probably go even lower to areas of support like around $410.Shortby Jakh_FX116
NViDIA, potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend. Longby FakhruddinFazil110
Nvidia Maintains Lead in AI MarketNvidia's strategy of expanding into cloud services aims to reinforce its market position. The company's financial health is robust, with profit margins nearing 25%, significantly outpacing AMD's 4%. This stark contrast in profitability underlines why Nvidia may continue to be a more attractive investment option compared to AMD. Despite projections hinting at AMD's faster growth in 2024, Nvidia is expected to hold onto its leadership position. Tech giants and investors are closely watching these developments. who holds positions in both AMD and Nvidia as well as other tech firms like Microsoft, Amazon, and Intel (NASDAQ:INTC), considers his investment in AMD as a strategic hedge against his larger stake in Nvidia. Meanwhile, Meta Platforms (NASDAQ:META) has opted not to challenge Nvidia's GPU capabilities for AI tasks, further cementing Nvidia's dominance in the market. As the AI revolution demands more processing power, both companies are likely to remain critical players. However, for now, Nvidia's combined hardware-software offerings give it an edge reminiscent of Intel’s past market dominance but with the added leverage of being a crucial software provider akin to Microsoft. Longby DEXWireNews222
The 3 Step Rocket Booster StrategyWhen you read this you will learn about the rocket booster strategy that will help you create wealth in the stock market. -- In order to learn this system I had to read for at least 3 months of study and practice. This was also accompanied by losses and mistakes. but this system saved me from myself because -- i got addicted to gamibling in the stock market and without this system i would have continued with this bad habit -- 3 Step Rocket Booster Strategy Price has to be above the 50 EMA Price has to be above the 200 EMA Price action has to show a a gap -- Remove you emotions from trading to profit and make the right decision to learn more about this strategy -- Rocket boost this content to learn more. -- Disclaimer:THis is not financial advice, Do you own research before you buy or sell anything. Longby lubosi1
NVIDIA Perfect Bearish H&S PatternAn awesome looking H&S Pattern has emerged on the NVIDIA chart and it's as neat as it gets. Can clearly see bearish RSI divergence that has developed too. Best of luck. Shortby SkyTreesUpdated 225
NVDA ~ Snapshot TA (Daily / Nov 2023)NASDAQ:NVDA chart mapping/analysis. Breakout/bullish price momentum pushing higher within an ascending parallel channel (green). Bull target(s) Golden Pocker Fib Ascending trend-line resistance (white dotted) 78.6% Fib (+1) Bear target(s) 50% Fib (+1) Descending trend-line support (white dotted) aka "return to scene of crime" 38.2% Fib (+1) Underlying gap fill (~423.81) + lower range of ascending parallel channel (green) confluence support zone 23.6% Fib (+1) Lower range of ascending parallel channel (light blue) + gap fill (~306.01) confluence support zone by BlueHatInvestorUpdated 1
NVDA BEARSH ENGULFING CANDLEIt seems like the NVDA stock is not performing well. It has shown a bearish engulfing candle after closing below the low price of the previous hanging man. This has happened at the significant historical resistance level at $500. Consequently, we predict that the stock will undergo a significant correction. MR SULTAN Shortby MrWallStreet1
NVIDIA formed a text book version of Head and Shoulder PatternI am surprised and not sure but the technical pattern on NVIDIA is very very clear, it has formed a perfect Head & Shoulder Pattern. As per H&S Pattern the price target is around $314. This does not seem to be true if you look at fundamentals, they are fully sold out for their high end GPUs for this year. But you never know, the technical pattern includes all market conditions!!!Shortby spranavUpdated 5512
$NVDA downside gap-fill potential!NASDAQ:NVDA ,1D: Price dipped just below the 50% line and popped back up over the line after coming off the local lows at 403. Given the 'uncertainty' around the level and duration of a 'higher for longer' rate environment along with the market's general preference for 'clarity' over 'uncertainty', it would not be unreasonable to expect the 'increased volatility' that comes with 'uncertainty' until some level of 'clarity' can be established around the duration of the current 'higher rate environment'. Further adding to the potential for 'market uncertainty' and 'lack of clarity' are the tenuous and ongoing negotiations between the U.S. and China around access to semi-conductor IP. NASDAQ:NVDA utilizes the cost benefits provided to its model from the 'cost efficiency' of both Chinese and greater Asia's manufacturing and production capacities. Were trade relations around semi-conductor IP between China and the U.S. to become 'less amenable', the deterioration of that relationship could adversely impact NASDAQ:NVDA 's margins. If NASDAQ:NVDA had to re-establish production/manufacturing supply chain relationships elsewhere this could inject 'uncertainty' into the price discovery process. These are 'unknown unknowns' at this point and hard to factor into analysis, but at a minimum, they would increase the potential for 'market uncertainty' and the subsequent 'lack of clarity', which often leads to 'price volatility' until some level of 'certainty' could be re-established. Looking at our 1 day RSI against price I am seeing a 'bearish divergence' whereby price makes 'higher-highs' and 'higher-lows' while the RSI prints 'lower-highs' and 'lower-lows'. This can be taken as a 'leveling off' of momentum that often precedes a change in price direction or, at a minimum, a significant pull back within a constructive trend. (see light violet curves) I would expect that a downside 'gap fill' could be a 'necessary evil' at some point in time across the next 6 weeks or so, and before further gains to the upside could probabilistically be portended from a structural standpoint. The bottom of the gap fill is roughly in confluence with the YTD VWAP (peach). NOT FINANCIAL ADVICE. ALL STOCKS CAN GO TO ZERO. Shortby The_FirewalkerUpdated 223