NVIDIA Corporation Stock Forecast
NVIDIA Corporation stock price up 0.377% on Monday
(Updated on Jun 17, 2024)
The NVIDIA Corporation stock price gained 0.377% on the last trading day (Monday, 17th Jun 2024), rising from 121.98€ to 122.44€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.26% from a day low at 120.92€ to a day high of 124.86€. The price has risen in 7 of the last 10 days but is still down by -88.26% for this period. Volume fell on the last day by -360 thousand shares and in total, 525 thousand shares were bought and sold for approximately 64.28€ million. 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.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 99.39€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.24% during the next 3 months and, with a 90% probability hold a price between 84.24€ and 920.73€ at the end of this 3-month period.
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NVD.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 9.32%. 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. The NVIDIA Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 258.61€ and 786.46€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NVIDIA Corporation stock
NVIDIA Corporation finds support from accumulated volume at 121.98€ 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 3.94€ between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 3.03%.
NVIDIA Corporation is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NVD.F) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect NVIDIA Corporation to open at 122.74€, and during the day (based on 14 day Average True Range), to move between 47.70€ and 197.18€, which gives a possible trading interval of +/-74.74€ (+/-61.05%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 122.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 121.98€, some 0.460€ (0.38%) from the current price of 122.44€, our system finds the risk reward attractive.
Is NVIDIA Corporation stock A Buy?
NVIDIA Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.838 Sell Candidate Unchanged
Predicted Opening Price for NVIDIA Corporation of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 122.74€ ( 0.245%) | 122.44€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVD.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 126.68 | 3.46% |
| R2 | 125.17 | 2.23% |
| R1 | 124.25 | 1.47% |
| Price | 122.44 | |
| S1 | 121.23 | -0.98% |
| S2 | 120.31 | -1.74% |
| S3 | 118.80 | -2.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 122.44 | |
| S1 | 121.98 | -0.376% |
| S2 | 119.46 | -2.43% |
| S3 | 114.22 | -6.71% |
NVD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 28, 2024 | 0.0092€ | 0.0076% |
| 2 | May 29, 2024 | May 29, 2024 | Jun 04, 2024 | 0.0368€ | 0.0351% |
| 3 | Mar 05, 2024 | Mar 05, 2024 | Mar 27, 2024 | 0.0370€ | 0.0443% |
| 4 | Dec 05, 2023 | Dec 05, 2023 | Dec 28, 2023 | 0.0371€ | 0.0827% |
| 5 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | 0.0400€ | 0.0913% |
FAQ
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