Red day on Friday for NVIDIA

StockInvest.us, 2 weeks ago

NVIDIA

The NVIDIA stock price fell by -3.12% on the last day (Friday, 24th Jan 2025) from $147.22 to $142.62. During the last trading day the stock fluctuated 4.99% from a day low at $141.89 to a day high of $148.97. The price has been going up and down for this period, and there has been a 1.79% gain for the last 2 weeks. Volume has increased on the last day by 79 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 233 million shares were bought and sold for approximately $33.18 billion.

On Jan 13, 2025, it was reported that HSBC gave NVDA a "Buy" grade with a "hold" action.

The stock lies in the middle of a 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 -2.72% during the next 3 months and, with a 90% probability hold a price between $123.86 and $144.56 at the end of this 3-month period.

NVIDIA

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, January 23, 2025, and so far it has fallen -3.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $140.75 and $138.33. A breakdown below any of these levels will issue sell signals.

NVIDIA finds support from accumulated volume at $140.14 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 $7.08 between high and low, or 4.99%. For the last week, the stock has had daily average volatility of 3.20%.

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.

Check full NVIDIA forecast and analysis here.