Sign In
The NVIDIA stock price gained 1.10% on the last trading day (Thursday, 19th May 2022), rising from $169.38 to $171.24. During the day the stock fluctuated 5.69% from a day low at $167.34 to a day high of $176.87. The price has fallen in 6 of the last 10 days and is down by -9.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 62 million shares were bought and sold for approximately $10.63 billion.
The last rating was given by Oppenheimer on May 19, 2022. The price target was set to 171.24+1.1.Over the last 90 days, this security got 4 buy, 7 sell, and 0 hold ratings.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $155.29 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -24.72% during the next 3 months and, with a 90% probability hold a price between $116.90 and $180.70 at the end of this 3-month period.
There are mixed signals in the stock today. 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 $171.45 and $205.15. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 12, 2022, and so far it has risen 5.87%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
NVIDIA finds support from accumulated volume at $169.50 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 $9.53 between high and low, or 5.69%. For the last week, the stock has had a daily average volatility of 5.87%.
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.