NVIDIA Stock Forecast
High volatility in NVIDIA stock price on Friday which ended trading at $762.00
(Updated on Apr 19, 2024)
Given the current short-term trend, the stock is expected to rise 41.90% during the next 3 months and, with a 90% probability hold a price between $1,081.25 and $1,474.43 at the end of this 3-month period.
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NVDA Signals & Forecast
There are few to no technical positive signals at the moment. 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 $853.03 and $882.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -19.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $694.52 and $693.32. 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 $694.52. If this is broken, then the next support from accumulated volume will be at $693.32 and $682.23.
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 $87.18 between high and low, or 11.53%. For the last week, the stock has had daily average volatility of 5.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NVDA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect NVIDIA Corporation to open at $787.10, and during the day (based on 14 day Average True Range), to move between $722.14 and $801.86, which gives a possible trading interval of +/-$39.86 (+/-5.23%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 10.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $785.38 (3.07%) than the support at $694.52 (8.86%), 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?
The NVIDIA stock holds several negative signals and despite the positive trend, we believe NVIDIA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.543 Sell Candidate Unchanged
Predicted Opening Price for NVIDIA Corporation of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$787.10 ( 3.29%) | $762.00 |
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 | 874.28 | 14.73 % | |
R2 | 840.98 | 10.36 % | ||
R1 | 820.40 | 7.66 % | ||
Current price: | 762.00 | |||
Support | S1 | 753.80 | -1.08 % | |
S2 | 733.22 | -3.78 % | ||
S3 | 699.92 | -8.15 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 875.28 | 14.87 % | |
R2 | 788.17 | 3.43 % | ||
R1 | 785.38 | 3.07 % | ||
Current price | 762.00 | |||
Support | S1 | 694.52 | -8.86% | |
S2 | 693.32 | -9.01% | ||
S3 | 682.23 | -10.47% |
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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