Green day on Friday for NVIDIA
(Updated on Jan 14, 2022)
Sell candidate since 2022-01-10 Loss -1.67% PDF
The NVIDIA stock price gained 1.38% on the last trading day (Friday, 14th Jan 2022), rising from $265.75 to $269.42. During the day the stock fluctuated 3.77% from a day low at $262.10 to a day high of $271.97. The price has risen in 6 of the last 10 days, but is still down by -8.39% for this period. Volume fell on the last day by -14 million shares and in total, 39 million shares were bought and sold for approximately $10.63 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.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $259.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.17% during the next 3 months and, with a 90% probability hold a price between $294.24 and $402.24 at the end of this 3-month period.
Signals & Forecast
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 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 $274.51 and $295.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 29, 2021, and so far it has fallen -19.28%. 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).
Support, Risk & Stop-loss
NVIDIA finds support from accumulated volume at $265.75 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 $9.87 between high and low, or 3.77%. For the last week, the stock has had a daily average volatility of 5.30%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is NVIDIA Corporation stock A Buy?
The NVIDIA stock holds several negative signals and despite the positive trend, we believe NVIDIA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.494Sell Candidate Unchanged
Insiders are negative selling more shares than they are buying in NVIDIA
In the last 100 trades there were 1.37 million shares bought and 3.93 million shares sold. The last trade was done 16 days ago by Huang Jen Hsun who sold 440 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
Predicted Opening Price for NVIDIA Corporation of Tuesday, January 18, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 18, 2022||Current price|
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On Jan 06, 2022 "Truist" gave "$389.00 - $350.00" rating for NVDA. The price target was set to $281.78+2.1%.
NVDA Insider Trading
|Jan 03, 2022||Sell||440 000||Huang Jen Hsun||Employee Stock Option (Right to Buy)|
|Jan 03, 2022||Sell||2 900||Huang Jen Hsun||Common Stock|
|Jan 03, 2022||Sell||19 606||Huang Jen Hsun||Common Stock|
|Jan 03, 2022||Sell||35 625||Huang Jen Hsun||Common Stock|
|Jan 03, 2022||Sell||55 263||Huang Jen Hsun||Common Stock|
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