On Tuesday NVIDIA stock price gained impressive 5.14%

The NVIDIA stock price gained 5.14% on the last trading day (Tuesday, 7th Feb 2023), rising from $210.89 to $221.73. During the last trading day the stock fluctuated 5.24% from a day low at $211.50 to a day high of $222.59. The price has risen in 7 of the last 10 days and is up by 15.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 million more shares were traded than the day before. In total, 66 million shares were bought and sold for approximately $14.66 billion.

Truist Securities is very positive about NVDA and gave it a "$198.00 - $238.00" rating on Jan 23, 2023. The price target was changed from 198 to 238.Over the last 90 days, this security got 10 buy, 6 sell, and 1 hold ratings.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $206.19, a level that may pose a second chance to hit a runner. According to fan-theory $253.44 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Mostly positive signals in the chart today. The NVIDIA stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $208.16 and $173.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 28, 2022, and so far it has risen 57.97%. 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 is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $209.43 and $191.93.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 $209.43. If this is broken, then the next support from accumulated volume will be at $191.93 and $180.72.

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 $11.09 between high and low, or 5.24%. For the last week, the stock has had daily average volatility of 5.54%.

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. 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 period.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.