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NVIDIA stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.

StockInvest.us, 4 months ago


The NVIDIA stock price fell by -1.35% on the last day (Monday, 26th Jul 2021) from $195.58 to $192.94. and has now fallen 3 days in a row. During the day the stock fluctuated 2.79% from a day low at $189.14 to a day high of $194.42. The price has fallen in 7 of the last 10 days and is down by -5.94% for this period. Volume has increased on the last day by 933 thousand 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, 20 million shares were bought and sold for approximately $3.91 billion.

On July 23, 2021 "Argus" gave "$175.00 - $230.00" rating for NVDA. The price target was set to $195.94+0.9%.Over the last 30 days, this security got 5 buy, 0 sell, and 0 hold ratings.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $188.26 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 44.68% during the next 3 months and, with a 90% probability hold a price between $272.37 and $321.91 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $190.58 and $190.83. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 06, 2021, and so far it has fallen -6.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months 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.

NVIDIA finds support from accumulated volume at $187.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $5.28 between high and low, or 2.79%. For the last week, the stock has had a daily average volatility of 3.24%.

NVIDIA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Check full NVIDIA forecast and analysis here.