NVIDIA stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session

The NVIDIA stock price gained 0.781% on the last trading day (Thursday, 22nd May 2025), rising from $131.80 to $132.83. During the last trading day the stock fluctuated 2.05% from a day low at $131.55 to a day high of $134.25. The price has risen in 6 of the last 10 days and is up by 13.17% over the past 2 weeks. Volume fell on the last day by -83 million shares and in total, 185 million shares were bought and sold for approximately $24.61 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 May 22, 2025, it was reported that Needham gave NVDA a "Buy" grade with a "hold" action.

The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $135.74 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 4.06% during the next 3 months and, with a 90% probability hold a price between $101.08 and $141.25 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 $134.30. On a fall, the stock will find some support from the long-term average at approximately $114.06. 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 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. 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 Monday, May 19, 2025, and so far it has fallen -1.96%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $120.15 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 $120.15. 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 $2.70 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 2.70%.

The NVIDIA stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stock may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.