14-day Premium Trial Subscription Try For FreeTry Free
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-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

NVIDIA stock downgraded to Buy Candidate
(Updated on Jun 20, 2024)

Buy or Hold candidate since May 03, 2024 Gain 47.29% PDF

The NVIDIA stock price fell by -3.54% on the last day (Thursday, 20th Jun 2024) from $135.58 to $130.78. During the last trading day the stock fluctuated 8.67% from a day low at $129.53 to a day high of $140.76. The price has been going up and down for this period, and there has been a 6.81% gain for the last 2 weeks. Volume has increased on the last day by 216 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 505 million shares were bought and sold for approximately $66.03 billion.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $136.27 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 46.15% during the next 3 months and, with a 90% probability hold a price between $153.97 and $199.17 at the end of this 3-month period.

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

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 $129.28 and $106.84. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 18, 2024, and so far it has fallen -3.54%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for NVIDIA stock

On the downside, the stock finds support just below today's level from accumulated volume at $121.00 and $113.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NVIDIA finds support just below today's level at $121.00. If this is broken, then the next support from accumulated volume will be at $113.90 and $103.80.

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 $11.23 between high and low, or 8.67%. For the last week, the stock has had daily average volatility of 4.35%.

The NVIDIA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $125.50 (-4.04%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (NVDA) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect NVIDIA Corporation to open at $133.69, and during the day (based on 14 day Average True Range), to move between $125.54 and $136.02, which gives a possible trading interval of +/-$5.24 (+/-4.00%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 8.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $130.98 (0.15%) than the support at $121.00 (7.48%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.380 Buy Candidate Downgraded

Predicted Opening Price for NVIDIA Corporation of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$133.69 ( 2.23%) $130.78

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

Trading levels for NVDA

Fibonacci Support & Resistance Levels

Level Price
R3 144.92 10.81%
R2 140.63 7.53%
R1 137.98 5.51%
Price 130.78
S1 129.40 -1.06%
S2 126.75 -3.08%
S3 122.46 -6.36%

Accumulated Volume Support & Resistance Levels

Level Price
R3 135.58 3.67%
R2 131.88 0.84%
R1 130.98 0.153%
Price 130.78
S1 121.00 -7.48%
S2 113.90 -12.91%
S3 103.80 -20.63%

NVDA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 22, 2024 Jun 11, 2024 Jun 28, 2024 $0.0100 0.0074%
2 May 17, 2024 May 29, 2024 Jun 04, 2024 $0.0400 0.0344%
3 Feb 21, 2024 Mar 05, 2024 Mar 27, 2024 $0.0400 0.0443%
4 Nov 21, 2023 Dec 05, 2023 Dec 28, 2023 $0.0400 0.0808%
5 Aug 23, 2023 Sep 06, 2023 Sep 28, 2023 $0.0400 0.0928%

FAQ

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?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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 Jun 20, 2024, the price of an NVIDIA (NVDA) share was $130.78.

What is the 52-week high and low for NVIDIA Stock?
The 52-week high for NVIDIA Stock is $140.76 and the 52-week low is $39.23.

What is the market capitalization of NVIDIA Stock?
As of the Jun 20, 2024, the market capitalization of NVIDIA is 3.335T.

When is the next earnings date for NVIDIA?
The upcoming earnings date for NVIDIA is Aug 28, 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

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