Evaluation of NVIDIA stock downgraded after the last trading session

The NVIDIA stock price gained 1.97% on the last trading day (Monday, 11th May 2026), rising from $215.20 to $219.44. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.93% from a day low at $213.89 to a day high of $222.30. The price has been going up and down for this period, and there has been a 1.31% gain 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, 23 million more shares were traded than the day before. In total, 157 million shares were bought and sold for approximately $34.43 billion.

On Apr 15, 2026, it was reported that BTIG gave NVDA a "Buy" grade with a "initialise" action.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $221.03 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 13.65% during the next 3 months and, with a 90% probability hold a price between $202.29 and $251.20 at the end of this 3-month period.

The NVIDIA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $206.77 and $192.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 05, 2026, and so far it has risen 11.67%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $195.56 and $184.89.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NVIDIA finds support just below today's level at $195.56. If this is broken, then the next support from accumulated volume will be at $184.89 and $177.10.

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 $8.41 between high and low, or 3.93%. For the last week, the stock has had daily average volatility of 3.39%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NVIDIA stock to perform well in the short-term.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.