Sign In
The NVIDIA stock price gained 5.21% on the last trading day (Wednesday, 5th Feb 2025), rising from $118.65 to $124.83. During the last trading day the stock fluctuated 3.51% from a day low at $120.76 to a day high of $125.00. The price has been going up and down for this period, and there has been a -15.12% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 million more shares were traded than the day before. In total, 259 million shares were bought and sold for approximately $32.33 billion.
On Feb 02, 2025, it was reported that Citigroup gave NVDA a "Buy" grade with a "hold" action.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -10.69% during the next 3 months and, with a 90% probability hold a price between $103.67 and $129.16 at the end of this 3-month period.
A buy signal was issued from a pivot bottom point on Monday, February 03, 2025, and so far it has risen 7.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NVIDIA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $134.12. On a fall, the stock will find some support from the short-term average at $122.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
NVIDIA finds support from accumulated volume at $124.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.24 between high and low, or 3.51%. For the last week, the stock has had daily average volatility of 5.08%.
NVIDIA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Check full NVIDIA forecast and analysis here.