NVIDIA Corporation, NASDAQ May, 2024 X Right Prices: NVIDIA Corporation, NASDAQ May, 2024 X Right Prices: This week new support = $922.10 $1,72.098 $1,087.09 $1,140.84 $1,168.34 $1,233.61 $1,251.38 Execution price: $1,286.92 Distribution price: $1,300.88Shortby Skill-Knowledge-Conduct0
NVDA closing above the bearish channelWhy the stock gained today? • NVDA is a good defensive stock to protect against high interest rates. • Competitor intel losing part of the market and disappointed Q2 forecast • AI demand from MSFT, GOOG, META, TSLA that just revealed an increase in capex this week. NVDA is backed up after last week sell-off, could it last ? • NVDA broke the bearish channel today and importantly closed above which creates bull signal. • MAs: The stock was trading below major moving averages (MAs) on 1D chart last week, but NVDA finally closed above 20MA, 50MA, 9EMA today. • Volume: a good volume appeared after trading above 50MA, this could create a support for next week. Nevertheless, today's volume is still lower than last month. We need to see a bigger volume next week to create a bullish trend. • Performance: The stock gained 6.18% today and 15,14% this week which shows a strong rebound after last week. On a weekly-chart, the candle is inside last week candle, which shows that bulls don't have yet the control on. From now, we are not yet in a stable bullish trend, but today we crossed major resistance levels that can be used as supports for next week. Economic data and fed speaks will determine the stock direction. A greater volume is indeed important to maintain a bullish trend. Longby EmmaInvestsUpdated 339
Retest of 960 just in time for earnings??This chart analysis is a bit of mess, but the price action in the last 10 sessions leads me to believe that we will see around 960 by earnings. This would be a setup for another new high if the market likes the print. Options action around 900 middle of last week seemed to indicate a push higher. Having said that, I really don' know if the consolidation from the all time high has been long enough to support a big run over a 1000. Longby rdf1005
NVIDIA : ROAD TO $1K AND BEYOND- The Market registers higher highs and lows since October 2022 ; The long-term trend is therefore bullish. - Since 2024, and thanks to the AI frenzy, the market has accelerated from $480 to a new all-time high just below the $1000 zone. That sharp bullish impulsion that doubled the company's valuation and drove prices to uncharted territory has led investors to take some profits out. These exposure reallocation has driven the market into a bearish correction move in the shape of a flag pattern until $753 (38.2% Fibonacci). Since then, another bullish short-term rally took place as investors seized the occasion to buy the dip, leading prices back to the upper bound of their trend continuation bearish flag pattern. Both EMA remains in bullish configuration while the RSI indicator also validated a bullish break-out to come, now in buying zone. - Even if a clear signal from prices themselves is still to be seen, this is perceived as a bullish situation. Indeed, bearish flag patterns are some of the most reliable chart pattern in technical analysis. The current flag consolidation combined with all the bullish signals sent by technical indicators as well as the rebound over the 38.2% zone allow us to expect a bullish trend resurgence. New targets will be found towards $980/$1000 and beyond with $1,050, $1,115 and $1,215 as major technical resistances. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.Longby ActivTrades3
NVDA to 1182$ ...!!NVDA has the potency to reach 1182!! Yes I think it will reach its target probably in less than a month will see by saeedthubaiti3325
NVidia over QQQ comparison with AAPLNVidia over QQQ comparison with AAPL. Is NVDA taking market cap from AAPL?by TradingviewM0
while inside channel long to mid rangeim bullish on this late in the day as long as we can remain inside the reversal trend. while above this area average ill be targeting the mean range highs.Longby cerealmarketUpdated 1
Meta Invest a Whooping $30 Billion in NVIDIA GPUsMeta has invested $30 billion in 1 million NVIDIA GPUs to improve its AI model training capabilities and push technological boundaries in AI development. The acquisition, which includes a million GPUs, is one of the largest in the technology industry for such equipment and represents a major milestone in Meta's strategic direction towards the development of advanced AI technologies. Meta's current AI activities focus on refining and training more advanced editions of their Llama-3 models, but the process is slow and time-consuming, justifying the necessity of the new GPU acquisition. Another 500,000 GPUs were acquired to result in a total of one million GPUs, which were used to optimize Meta's AI training operation. John Werner's comparison to the Apollo program in the summit session emphasizes the scale of Meta and its financial investment. To surpass the computational achievements of former space missions, Meta's investment is set to stretch the limits that AI could achieve in terms of speed, efficiency, and complexity of tasks processed. However, the AI industry still needs serious challenges in the supply and costs of required components such as GPUs. The demand for high-performance GPUs has risen, leading to an increase in prices and middlemen in distribution channels. Technological advancements in the scalability of learning algorithms that would be able to use multiple GPUs in parallel would reduce the cost and foster faster AI development, making AI more affordable and efficient. Meta's approach to AI development includes hardware procurement and using the enormous data produced over its platforms. This approach seeks to improve and broaden AI functionalities, which can enrich user experiences on social media platforms such as Instagram and WhatsApp. By becoming more central to Meta's product development and overall strategy, AI will change the influence and role of the tech giant in the technology sector.Longby DEXWireNews8
Nvidia-A bullish flag continuation pattern forming on the 4H TFAn excellent opportunity to make a quick buck in this scrip.Longby hamidshaikhsarmaaya1
NVIDIA :MICROItem Name: Nvidia *If you follow SEOVERIGN, you can get an alarm. *Boost gives SEOVERIGN the momentum to analyze more of the other stocks! Nice to meet you. SEOVERIGN - This is SeoVerign. Nvidia, which used to be called God, is falling. We found the starting point from the existing Nvidia falling point of view.Shortby SeoVereign3
$NVDA $650 by 6/1Welp.... say it ain't so... do what you want of course... I have this target by June 1st of this year. Refer to 22' Top.Shortby TazmanianTrader6
Nvidia Stock Drops 4.18% on Weak Forecast from AMDThe semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks Solutions. Let's delve into the details of AMD's forecast, its implications for Nvidia, and the broader semiconductor landscape. AMD's Disappointing Guidance: Despite meeting earnings expectations for the first quarter, AMD left investors wanting more with its revenue forecast. While the company raised its revenue target for the MI300 AI accelerator, it fell short of the market's ambitious expectations. Analysts had hoped for a more robust projection, aiming for figures closer to $4.5 billion to $5 billion. The disparity between AMD's forecast and market expectations triggered a significant sell-off, with AMD's stock plummeting over 9%. Nvidia's Response and Market Reaction: The impact of AMD's lackluster guidance extended beyond its own stock, as Nvidia, its primary competitor, also experienced a sharp decline. Nvidia, renowned for its dominance in the AI chip market, saw its stock retreat by approximately 5%. The correlation between the performance of these two tech titans underscores the intense rivalry and interdependence within the semiconductor space. Skyworks Solutions Caught in the Crossfire: Skyworks Solutions, a wireless-chip manufacturer heavily reliant on the smartphone market, faced its share of challenges amidst the semiconductor turbulence. Despite a modest beat in the March quarter, the company's guidance for the June quarter fell well below expectations. This disappointing forecast led to a staggering 15.4% drop in Skyworks stock, highlighting the vulnerability of companies exposed to rapidly evolving consumer trends. Broader Market Implications: The Philadelphia Semiconductor Index (SOX), a barometer of semiconductor performance, mirrored the turbulence witnessed by individual companies. The index, comprising the 30 largest semiconductor stocks in the U.S., slid by 3.9%, reflecting investor concerns about the industry's short-term outlook. The widespread sell-off underscores the sensitivity of the semiconductor market to company-specific forecasts and broader economic factors.by DEXWireNews4
Will NVIDIA price falling to $725? My NVIDIA short position first target at price around 725. Shortby Zak-228
NVDA - Bull case scenarioIf support here holds at the .786 fib (light blue line) NVDA will see new ATH. Profit targets are as listed. Use a stoploss please. Also - May is historically good for semiconductors. Bullish! *this is not financial advice* please use a stoploss.Longby The_GainsUpdated 114
Short Opportunity in NVIDIAOnce again, the stock markets show clear signs of weakness after nearly catastrophic economic data. In a previous analysis, we advised against buying NVIDIA stock and instead referred to a buy limit. This statement remains valid. However, given the current situation, there is now an opportunity for a lucrative short position on NVIDIA, as shown in this trading idea.Shortby OchlokratUpdated 1
NVDA Video Update Correction vs ReversalLearn how to read price! Learn where the key areas are Learn good risk reward Take notes on how FOMO and Euphoria behave, feel, and trade like Learn what tight tight tight looks and behaves like both up and down Learn the difference between CORRECTION and REVERSAL! Shorting is for the elite of elite Navy Seal Snipers! Short15:10by RealMacroUpdated 7373144
NVDA: Last week of April Oh NVDA, NVDA and its tricks. What a disaster stock, but I still trade it daily. Let's go over what to expect next week: There is an immediate setup on the chart for a bullish continuation up. However, its minor and just saying that we will snag up to 883: That is with extended hours turned off. Extended hours really just makes a mess out of things based on how we closed. There is no clear setup unless we look at the 4 hour where we can see the start of a bullish formation with a TP of 883 again. So it seems the 883 will be our go to into Monday. Usually we break a bit over, so we will likely see a move past 883. In terms of the math numbers: LSTM is quite bearish on the weekly data, saying that it thinks top is at 883 (yeah, this 883 is being thrown around a lot between the chart setup and the math projections haha). With a low of 764. ARIMA from a weekly perspective is actually surprisingly bearish too, saying that its topped here. Its likely the fact that NVDA is not normally distributed on the weekly timeframe that is causing this so if we flip down to the daily timeframe, isolate for normal distribution data only, ARIMA essentially says this: High 95% for the week is 984 (meaning, 95% chance we will not close above 984 next week). High 80% for the week is 974, meaning an 80% chance we close the week below 974. TO the downside, the key level is actually our LSTM level of 764. That is around the 80% confidence (80% chance we close above 764). Some concerns: SPY has a bearish setup. Now it is possible it invalidates this into Monday but as of now SPY is set to sell down to 500. NVDA does well to push off SPY's bearishness SOMETIMES, but not always. So watch out for that and watch out for NVDA potentially leading the sell on SPY haha. NVDA is pretty precarious, it does these whipsaw moves up, only to grind right back down again. The bigger picture for NVDA was a correction back to the 600s and even lower. However, if NVDA in its stans pump it up to new ATHs, we will have successfully invalidated the larger bearish setup we are seeing play out currently. IF you remember a couple of ideas back, I indicated we printed a confirmation candle on the weekly bearish setup, which would bring us sub 700. SO we are still operating within that setup. But if we get pulled back and break the ATH, the setup target price is invalidated. The other concern is, for the most part, market is still ignoring bad news. So yeah, its a problem. Earnings next month but like towards the end of the month, so not an immediate concern. What it all means and verdict: Look for 883 and slightly above into Monday. If NVDA rallies Monday and surpasses 883 and holds, its a long into the week to the high targets in the chart. If we reject anywhere at 883 or above and crash down below 883, we will likely see this sell down to the 850s. My personal bias is, it should be bearish. Its pushing awfully close to invalidate a really great weekly setup. Probability for Monday is neutral to bearish. NVDA is such a wild card, I always suggest just take it day by day. If we do have a hold of above 883 its probably safe to swing a bit, but with the market is in such a disarray right now (bearish setups on some major things, bullish on others), its quite difficult to really promote a swining mentality. All I see is a ton of bad news and an obstinate marking flailing its arms around saying "NEEEOOOWW, I WILL NEVER GO DOWN, YOU CAN'T MAKE ME!" And for that reason, I will continue to just day trade this trainwreck haha. Safe trades! by SteverstevesUpdated 8828
NVDA Breakout Trade 20% PROFIT to 600 Q1-2024NVDA with high volume broke out of the trading range 400 to 500 which has been a range for more than 6 months and trades at around 550 atm. Usually, after significant breakouts, price movement tend to Rallye not more than 5% higher off of an all-time high, if it does euphoria is kicking in. Price action could look for a pullback or consolidation to former resistance which is at 500 and become the bouncing point after turning it into support. Key takeaways: One could see a healthy consolidation phase since mid-2023. Two attempts of breaking out of a resistance at 480 were rejected twice, -first peak: 502.66/August 24th, 2023; -second peak: 505.48/ November 20th 2023), The both of them failed breakout attempts developed high volume, which led to retest support-level at 400 twice: -409.80/September 21st -392.30/October 31st 2023 Moving Averages, especially 50SMA show a bouncing point, which is a positive indicator. Now what? 2 options: 1. If volume keeps it momentum and increases, the price could soar to 600 in the first quarter of 2024. 2. After a breakout from 500 and ~ 10% gain to 550, a retest of 500 support level/bounce as a confirmation move for more upward movement 2.1. The retest of 500 could become another failed breakout and retest of 400 lows is in play What do you think about this setup? GQTLongby GER-Quality-TradesUpdated 335
NVDAWe can attempt to short NVDA from specified level if it break HL , trendline support , also there is bearish divergence indicate that it move downward. SL , TP mention in chart.Shortby SignalEdge118
Does Nvidia have the Strength to Get OMH in the target box?Nvidia has been weak as of the last month, after a major run-up in the stock. Since we have no catalysts on the short term horizon, I am forecasting a fall back towards $700. However, in the short term we can get as high as $927 before falling back towards my target of $700. To get this sort move in the stock I will remove the purple alternative path of the stock being in a wave 4, with a near term push into the $1,000 area. I will warn followers that my longer term target for Nvidia is closer to $400 as I am counting this as a cycle wave II decline. Best to all, Chrisby maikisch6
NVIDIA Corporation continuing bullish patternNVIDIA Corporation is forming a bullish flag. It will continue its trend on breakout.Longby arslanjaved2121
The entry point is at the resistance level and when the RSI lineAccording to the chart, if the candlestick stands above the resistance level as shown and the RSI line crosses above the 70 line, it indicates a potential opportunity for entering a long position to capture profits. However, if the conditions haven't been met yet, it's advisable to wait for confirmation before buying.Longby trader428963952