NVIDIA Stock Forecast
Red day on Thursday for NVIDIA
(Updated on May 09, 2024)
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.16% during the next 3 months and, with a 90% probability hold a price between $867.23 and $1,129.82 at the end of this 3-month period.
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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 $885.00 and $873.97. 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 Monday, March 25, 2024, and so far it has fallen -6.58%. 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
NVIDIA finds support from accumulated volume at $875.28 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 $28.41 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: $850.02 (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (NVDA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect NVIDIA Corporation to open at $893.50, and during the day (based on 14 day Average True Range), to move between $846.69 and $928.25, which gives a possible trading interval of +/-$40.78 (+/-4.59%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 9.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $893.98 (0.73%) than the support at $875.28 (1.37%), 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.
Current score: 3.850 Buy Candidate Unchanged
Predicted Opening Price for NVIDIA Corporation of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
$893.50 ( 0.679%) | $887.47 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 921.91 | 3.88 % | |
R2 | 911.06 | 2.66 % | ||
R1 | 904.35 | 1.90 % | ||
Current price: | 887.47 | |||
Support | S1 | 882.65 | -0.543 % | |
S2 | 875.94 | -1.30 % | ||
S3 | 865.09 | -2.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 919.13 | 3.57 % | |
R2 | 908.88 | 2.41 % | ||
R1 | 893.98 | 0.734 % | ||
Current price | 887.47 | |||
Support | S1 | 875.28 | -1.37% | |
S2 | 785.38 | -11.50% | ||
S3 | 762.00 | -14.14% |
NVDA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Mar 05, 2024 | Mar 27, 2024 | $0.0400 | 0.0044% |
2 | Nov 21, 2023 | Dec 05, 2023 | Dec 28, 2023 | $0.0400 | 0.0081% |
3 | Aug 23, 2023 | Sep 06, 2023 | Sep 28, 2023 | $0.0400 | 0.0093% |
4 | May 24, 2023 | Jun 07, 2023 | Jun 30, 2023 | $0.0400 | 0.0095% |
5 | Feb 22, 2023 | Mar 07, 2023 | Mar 29, 2023 | $0.0400 | 0.0148% |
FAQ
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