NVIDIA stock downgraded to Hold/Accumulate

The NVIDIA stock price gained 2.50% on the last trading day (Monday, 9th Feb 2026), rising from $185.41 to $190.04. During the last trading day the stock fluctuated 5.25% from a day low at $184.00 to a day high of $193.66. The price has been going up and down for this period, and there has been a 1.97% gain for the last 2 weeks. Volume fell on the last day by -28 million shares and in total, 195 million shares were bought and sold for approximately $37.10 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

On Jan 16, 2026, it was reported that Jefferies gave NVDA a "Buy" grade with a "hold" action.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $192.57 will give a strong buy signal and a trend shift could be expected.Given the current horizontal trend, you can expect NVIDIA stock with a 90% probability to be traded between $171.73 and $193.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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 $182.66 and $185.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 05, 2026, and so far it has risen 10.57%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

NVIDIA finds support from accumulated volume at $180.64 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 $9.66 between high and low, or 5.25%. For the last week, the stock has had daily average volatility of 5.17%.

NVIDIA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 candidate.