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$169.75 (5.08%)

Volume: 77.569M

Closed: May 25, 2022

Hollow Logo Score: -1.454

NVIDIA Stock Forecast

$169.75 (5.08%)

Volume: 77.569M

Closed: May 25, 2022

Score Hollow Logo -1.454
Which way will NVDA go? Request
Wed, May 25, 2022 Sell Candidate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 41 and the stock is currently not being overbought or oversold

NVIDIA stock price up more than 5.08% on Wednesday
(Updated on May 25, 2022)

Sell candidate since 2022-04-21 Loss -15.89% PDF

The NVIDIA stock price gained 5.08% on the last trading day (Wednesday, 25th May 2022), rising from $161.54 to $169.75. During the day the stock fluctuated 6.94% from a day low at $160.00 to a day high of $171.11. The price has been going up and down for this period, and there has been a 2.07% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 million more shares were traded than the day before. In total, 78 million shares were bought and sold for approximately $13.17 billion.

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 $160.00 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.50% during the next 3 months and, with a 90% probability hold a price between $112.80 and $158.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are mixed signals in the stock today. 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 $169.94 and $193.56. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, May 24, 2022, and so far it has risen 5.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

NVIDIA finds support from accumulated volume at $166.94 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 $11.11 between high and low, or 6.94%. For the last week, the stock has had a daily average volatility of 6.57%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Thursday 26th

For the upcoming trading day on Thursday 26th we expect NVIDIA Corporation to open at $166.95, and during day (based on 14 day Average True Range), to move between $157.23 and $182.27, which gives a possible trading interval of +/-$12.52 (+/-7.37%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 14.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $166.94 (1.66%) than the resistance at $175.95 (3.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NVIDIA Corporation stock A Buy?

NVIDIA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.454

Sell Candidate Upgraded

Predicted Opening Price for NVIDIA Corporation of Thursday, May 26, 2022

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

Fair opening price May 26, 2022 Current price
$166.95 $169.75 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 178.06 4.90 %
173.82 2.40 %
171.20 0.85 %
Current price: 169.75
Support 162.71 -4.15 %
160.09 -5.69 %
155.84 -8.19 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 187.88 10.68 %
177.06 4.31 %
175.95 3.65 %
Current price 169.75
Support 166.94 -1.66%
166.30 -2.03%
161.75 -4.71%

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About NVIDIA Corporation

NVIDIA NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud-based streaming on gaming ... Read more

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