Updating 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...
Pretty simple here, we have a bear flag setup after the monster 10% down day. Looks juicy to short
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...
NVDA that was driving the market set for down.. Broken the daily MA and back to test the BO. the next halt is 610-630 level..
Here's a neat little POTENTIAL setup. I added a projection line. I probably shouldn't have added a projection line. It will probably make me look stupid in a few months to a year. Or maybe even right now. Depends if you like my charts or not. Or have just recently followed. This chart is a little more longer term. Do I think NVDA crashes some 32% to $620...
Why 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...
Immediate negative outlook for NASDAQ:NVDA with:- #1 the bearish engulfing candle, #2 accumulated volume hitting 1.9x standard deviation implying a climatic topping, #3 +4x standard deviation on the daily MACD and +5.3x standard deviation on the weekly MACD. Taken together, this looks like a climatic topping act NASDAQ:NVDA ion for a parabolic surge.
NVDA 1 week chart printed the same Fib TSI bearish signal pattern in the week of March 25th 2024 as it did in the week of November 22nd 2021. I'm going to make a bold statement and forecast NVDA stock price to be 345 by April 2025. I'm retracing this target as 346 is NVDA high price in the week of November 22nd 2021, so that would be a natural support level in a...
We 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.
If 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.
On April 24, 2024, Wednesday, the price failed to close above the minor level of $830.40, resulting in a bearish engulfing bar compared to the Tuesday bar formed on April 23, 2024. Looking at my price chart, it's clear that the $830.40 minor structure is crucial for determining buyer sentiment towards this stock. As long as the price of NVDA trades below $830.40,...
As we watch NASDAQ:NVDA for our next short trading opportunity, we have to keep in mind the unfilled daily gap around 680. After a hefty pullback we could see the stock cluster and move higher looking for a double top where a second and even bigger pullback will occur and the gap below becomes filled. With markets turning higher and only 3-4 months left until...
Executive Summary: Our comprehensive analysis of NVIDIA Corporation (NVDA) encompasses a multitude of technical indicators and fundamental data. As of the latest observation, NVDA has exhibited a mixed sentiment, warranting a nuanced approach for potential entry and exit points. The current market position presents a speculative upside target of $993.62, aligning...
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...
NVDA is neutral on its 1D technical outlook (RSI = 45.860, MACD = -7.940, ADX = 34.317) as it corrected to a respectable extent, a correction that we have been expected as pointed out on our latest idea. The Channel Up is intact, the price crossed under the 1D MA50 and like the September-October correction, it may consolidate until it catches up with the 1D MA100....
Looking for continuation of downtrend once price reaches the downtrend line, supply, 0.618 Fibonacci level.
04/24/2024 MACD clearly shows bearish momentum , wider lines RSI not over sold price action : Resistance at 50 day MA and bearish downside reversal candle stick pattern: Bearish Engulfing Sell 800 , target 760
and Undervaluation Despite Strong Fundamentals! 1. Potential Price Dip Below $500.00: Despite strong fundamentals, there's a possibility for Nvidia's stock price to fall below $500.00. This suggests a cautious outlook, indicating that market conditions could lead to downward pressure on the stock. 2. Anticipated Correction: There's a looming expectation of a...