Sign In
The NVIDIA stock price gained 0.675% on the last trading day (Friday, 9th Jun 2023), rising from $385.10 to $387.70. During the last trading day the stock fluctuated 2.97% from a day low at $385.67 to a day high of $397.11. The price has been going up and down for this period, and there has been a 2.08% 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, 263 thousand more shares were traded than the day before. In total, 42 million shares were bought and sold for approximately $16.21 billion.
Tigress Financial is very positive about NVDA and gave it a "" rating on Dec 09, 2022. The price target was set to 250.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 45.93% during the next 3 months and, with a 90% probability hold a price between $471.44 and $609.71 at the end of this 3-month period.
The NVIDIA stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $388.11. On a fall, the stock will find some support from the long-term average at approximately $319.22. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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, May 30, 2023, and so far it has fallen -3.34%. Further fall is indicated until a new bottom pivot has been found.
NVIDIA finds support from accumulated volume at $379.80 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $11.44 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 3.44%.
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.
Check full NVIDIA forecast and analysis here.