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....
NVDIA Corporation is having a -5.50% day so far and that was enough to make the 1D timeframe not overbought again (RSI = 69.907, MACD = 67.840, ADX = 37.914) for the first time since February 21st. On the 1W timeframe though it remains vastly overbought (RSI = 89.349), which means that on the long term the stock has considerable room for a downward...
NVDA is neutral on its 1D technical outlook (RSI = 48.753, MACD = 1.350, ADX = 31.640) as the Channel Up since the October 13th 2022 bottom has transitioned into a Rectangle where the stock in consolidating. The price is exactly on the 1D MA50 in the last three sessions, making it a key support for a possible continuation of the uptrend. If it holds, it will...
NVDIA is trading at the bottom of the eleven month Channel Up, around the 1D MA50 but on a neutral1D technical outlook (RSI = 51.399, MACD = -2.580, ADX = 27.665). As long as the price trades inside the Channel Up, it makes the current level a low risk buy entry. The 1D CCI suggests that the price might be on a bottom like February 23rd, after which it rose by...
NVIDIA - NASDAQ:NVDA
Earnings Release today (After Close)
Earnings Est: 2.082
Reported: (TBC later today / will re-share)
Revenue Est: $11.186 Bln
Reported: (TBC later today / will re-share)
Mid Term Chart
- A correction would be welcome
- Revisit of 10 month SMA @ c.$348 would be ideal
Long Term Chart
- Above 10 month SMA still
- Could bounce off the...
NVDIA is trading inside a Channel Up pattern since December, critically overbought on the 1W timeframe (RSI = 84.098, MACD = 65.650, ADX = 67.416) but on healthy bullish technicals on 1D. During that time, every bearish divergence on the 1D RSI was supported in price terms on a HL trendline that initiated a new rise to a HH.
As long as this level holds, we will...
