NVIDIA Stock Forecast
NVIDIA stock price ended at $796.77 on Wednesday, after losing 3.33%.
(Updated on Apr 24, 2024)
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $774.15 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 32.03% during the next 3 months and, with a 90% probability hold a price between $1,022.08 and $1,366.56 at the end of this 3-month period.
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NVDA Signals & Forecast
There are few to no technical positive signals at the moment. The NVIDIA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $819.91 and $878.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -16.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NVIDIA stock
NVIDIA finds support from accumulated volume at $788.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $48.99 between high and low, or 6.19%. For the last week, the stock has had daily average volatility of 6.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NVDA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect NVIDIA Corporation to open at $809.81, and during the day (based on 14 day Average True Range), to move between $756.80 and $836.74, which gives a possible trading interval of +/-$39.97 (+/-5.02%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 10.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $788.17 (1.08%) than the resistance at $857.74 (7.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NVIDIA Corporation stock A Buy?
The NVIDIA stock holds several negative signals and despite the positive trend, we believe NVIDIA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.119 Sell Candidate Unchanged
Predicted Opening Price for NVIDIA Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $809.81 ( 1.64%) | $796.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVDA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 858.80 | 7.78 % | |
| R2 | 840.08 | 5.44 % | ||
| R1 | 828.52 | 3.98 % | ||
| Current price: | 796.77 | |||
| Support | S1 | 791.09 | -0.713 % | |
| S2 | 779.53 | -2.16 % | ||
| S3 | 760.82 | -4.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 893.98 | 12.20 % | |
| R2 | 875.28 | 9.85 % | ||
| R1 | 857.74 | 7.65 % | ||
| Current price | 796.77 | |||
| Support | S1 | 788.17 | -1.08% | |
| S2 | 785.38 | -1.43% | ||
| S3 | 762.00 | -4.36% |
NVDA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 05, 2024 | Mar 27, 2024 | $0.0400 | 0.0044% |
| 2 | Nov 21, 2023 | Dec 05, 2023 | Dec 28, 2023 | $0.0400 | 0.0081% |
| 3 | Aug 23, 2023 | Sep 06, 2023 | Sep 28, 2023 | $0.0400 | 0.0093% |
| 4 | May 24, 2023 | Jun 07, 2023 | Jun 30, 2023 | $0.0400 | 0.0095% |
| 5 | Feb 22, 2023 | Mar 07, 2023 | Mar 29, 2023 | $0.0400 | 0.0148% |
FAQ
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