Stronger technical forecast for NVIDIA stock price after Wednesday trading

The NVIDIA stock price gained 2.29% on the last trading day (Wednesday, 13th May 2026), rising from $220.78 to $225.83. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.83% from a day low at $221.57 to a day high of $227.84. The price has risen in 7 of the last 10 days and is up by 7.92% over the past 2 weeks. Volume fell on the last day by -15 million shares and in total, 142 million shares were bought and sold for approximately $32.16 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 12, 2026, it was reported that Susquehanna gave NVDA a "Positive" grade with a "hold" action.

The stock has broken the 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 $223.03, a level that may pose a second chance to hit a runner. According to fan-theory $264.30 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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 $213.87 and $195.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 05, 2026, and so far it has risen 14.93%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $195.56 and $184.89.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 $195.56. If this is broken, then the next support from accumulated volume will be at $184.89 and $177.10.

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 $6.27 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 3.38%.

Since the NVIDIA has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

NVIDIA holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.