NVIDIA stock price up more than 6.42% on Wednesday

StockInvest.us, 1 week ago

NVIDIA

The NVIDIA stock price gained 6.42% on the last trading day (Wednesday, 12th Mar 2025), rising from $108.76 to $115.74. During the last trading day the stock fluctuated 3.44% from a day low at $112.88 to a day high of $116.76. The price has risen in 6 of the last 10 days but is still down by -11.84% for this period. Volume fell on the last day by -30 million shares and in total, 321 million shares were bought and sold for approximately $37.12 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 Feb 26, 2025, it was reported that Morgan Stanley gave NVDA a "Overweight" grade with a "hold" action.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -13.18% during the next 3 months and, with a 90% probability hold a price between $92.26 and $117.66 at the end of this 3-month period.

NVIDIA

There are mixed signals in the stock today. The NVIDIA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $126.59. On a fall, the stock will find some support from the short-term average at $112.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, March 10, 2025, and so far it has risen 8.19%. Further rise is indicated until a new top pivot has been found. 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 $114.06 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 $3.88 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 5.36%.

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.

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