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The NVIDIA stock price gained 2.80% on the last trading day (Tuesday, 3rd Jun 2025), rising from $137.38 to $141.22. During the last trading day the stock fluctuated 2.93% from a day low at $137.96 to a day high of $142.00. The price has been going up and down for this period, and there has been a 4.24% 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, 29 million more shares were traded than the day before. In total, 223 million shares were bought and sold for approximately $31.56 billion.
On May 29, 2025, it was reported that Benchmark gave NVDA a "Buy" grade with a "hold" action.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $128.56, a level that may pose a second chance to hit a runner. According to fan-theory $149.18 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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 $136.36 and $120.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 21, 2025, and so far it has risen 45.72%. 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 $115.99 and $114.33.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 $115.99. If this is broken, then the next support from accumulated volume will be at $114.33 and $107.57.
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 $4.04 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 3.17%.
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. 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 period.
Check full NVIDIA forecast and analysis here.