Big movements in NVIDIA stock price on Monday moving 10.03% between high and low
StockInvest.us, 2 weeks ago
The NVIDIA stock price fell by -16.97% on the last day (Monday, 27th Jan 2025) from $142.62 to $118.42. During the last trading day the stock fluctuated 10.03% from a day low at $116.70 to a day high of $128.40. The price has been going up and down for this period, and there has been a -12.87% loss for the last 2 weeks. Volume has increased on the last day by 570 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 803 million shares were bought and sold for approximately $95.06 billion.
On Jan 13, 2025, it was reported that HSBC gave NVDA a "Buy" grade with a "hold" action.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($126.51) are considered to be a "second chance" to get out. According to the fan-theory $104.88 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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. On corrections up, there will be some resistance from the lines at $138.21 and $137.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, January 23, 2025, and so far it has fallen -19.56%. 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.
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $11.70 between high and low, or 10.03%. For the last week, the stock has had daily average volatility of 4.76%.
NVIDIA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Check full NVIDIA forecast and analysis here.