RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NVDA
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Friday for NVIDIA stock after gaining 0.355%
(Updated on Feb 23, 2024)


Buy or Hold candidate since Jan 05, 2024 Gain 60.53% PDF
The NVIDIA stock price gained 0.355% on the last trading day (Friday, 23rd Feb 2024), rising from $785.38 to $788.17. During the last trading day the stock fluctuated 6.22% from a day low at $775.71 to a day high of $823.94. The price has been going up and down for this period, and there has been a 13.18% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 82 million shares were bought and sold for approximately $64.50 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

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 $769.92, a level that may pose a second chance to hit a runner. According to fan-theory $883.80 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

NVDA Signals & Forecast

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 $733.50 and $634.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 16.81%. 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).

Maximize Your Market Edge: Go Premium for In-Depth AI-Powered Stock Research and Exclusive Lists! 🚀

Support, Risk & Stop-loss for NVIDIA stock

NVIDIA finds support from accumulated volume at $785.38 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 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 $48.23 between high and low, or 6.22%. For the last week, the stock has had daily average volatility of 4.98%.

Our recommended stop-loss: $764.05 (-3.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (NVDA) For The Upcoming Trading Day Of Monday 26th

For the upcoming trading day on Monday, 26th we expect NVIDIA Corporation to open at $795.94, and during the day (based on 14 day Average True Range), to move between $756.46 and $819.88, which gives a possible trading interval of +/-$31.71 (+/-4.02%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 8.05% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $785.38, some $2.79 (0.35%) from the current price of $788.17, our system finds the risk reward attractive.

Is NVIDIA Corporation stock A Buy?

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.

Current score: 5.964 Open Broker Account

Strong Buy Candidate Unchanged

Predicted Opening Price for NVIDIA Corporation of Monday, February 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price February 26, 2024 Current price
$795.94 ( 0.99%) $788.17

Remember To Visit Our YouTube Channel

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 844.17 7.11 %
R2 825.75 4.77 %
R1 814.36 3.32 %
Current price: 788.17
Support S1 777.52 -1.35 %
S2 766.13 -2.80 %
S3 747.71 -5.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 788.17
Support S1 785.38 -0.354%
S2 694.52 -11.88%
S3 682.23 -13.44%
What is the symbol for NVIDIA Stock and on which exchange is it traded?
The symbol for NVIDIA is NVDA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NVIDIA Stock?
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.

How to buy NVIDIA Stock?
NVIDIA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NVIDIA Stock.

What's the current price of NVIDIA Stock?
As of the end of day on the 2024-02-23, the price of an NVIDIA (NVDA) share was $788.17.

What is the 52-week high and low for NVIDIA Stock?
The 52-week high for NVIDIA Stock is $823.94 and the 52-week low is $222.97.

What is the market capitalization of NVIDIA Stock?
As of the 2024-02-23, the market capitalization of NVIDIA is 1.947T.

When is the next earnings date for NVIDIA?
The upcoming earnings date for NVIDIA is May 22, 2024.

Click to get the best stock tips daily for free!

About NVIDIA Corporation

NVIDIA NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms fo... NVDA Profile

NVDA Dividend Data

0.0416%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Frequency Quarterly
Amount Per Share $0.0400
View Details

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT