NVIDIA stock price ended on $194.99 on Friday after losing 0.83% (Updated on July 30, 2021)
Buy or Hold candidate since 2021-07-21 Gain 0.46% PDF
The NVIDIA stock price fell by -0.83% on the last day (Friday, 30th Jul 2021) from $196.62 to $194.99. During the day the stock fluctuated 1.91% from a day low at $192.63 to a day high of $196.30. The price has been going up and down for this period, and there has been a 7.37% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -408 thousand shares and in total, 18 million shares were bought and sold for approximately $3.50 billion.
The stock lies in the lower part of a 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 $192.60 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 42.95% during the next 3 months and, with a 90% probability hold a price between $275.32 and $324.16 at the end of this 3-month period.
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 $194.74 and $193.12. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 06, 2021, and so far it has fallen -5.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
NVIDIA finds support from accumulated volume at $187.80 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 $3.67 between high and low, or 1.91%. For the last week, the stock has had a daily average volatility of 3.11%.
Our recommended stop-loss: $186.35 (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 day(s) ago.)
Is NVIDIA Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NVIDIA stock to perform well in the short-term.
Current score: 3.090
Predicted Opening Price for NVIDIA Corporation of Monday, August 2, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price August 2, 2021||Current price|
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On July 23, 2021 "Argus" gave "$175.00 - $230.00" rating for NVDA. The price target was set to $195.94+0.9%. Over the last 30 days, this security got 4 buy, 0 sell, and 0 hold ratings.
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