Bullish vs. Bearish (327 opinions)
Social Sentiment 0.07
NVDA Stock Forecast and Technical Analysis
Buy or Hold candidate since 2020-02-03 Gain 22.36% PDF
NVIDIA Corporation fell by -4.74% in the last day ( Friday, 21st Feb 2020 ) from $308.70 to $294.07 and has now fallen 3 days in a row. During the day the stock fluctuated 5.00% from a day low at $290.66 to a day high of $305.20. The price has risen in 6 of the last 10 days and is up by 15.66% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.29 million shares and in total 18.88 million shares bought and sold for approximately $5 551.85 million.
NVDA Stock Price Summary
- 30 day high of the NVDA stock price was $316.32 and low was $232.23.
- 90 day high was $316.32 and low was $200.37.
- 52 week high for NVIDIA Corporation - $316.32 and low - $132.60.
NVIDIA Corporation 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 28.91% during the next 3 months and, with 90% probability hold a price between $326.17 and $408.74 at the end of this period.
NVIDIA Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $292.45 and $256.09. A break down 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 sales signal was issued from a pivot top point on Wednesday February 19, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
NVDA Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
NVDA Support & Resistance
NVIDIA Corporation finds support from accumulated volume at $289.79.
NVDA Stock Risk
This stock may move much during a 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 $14.54 between high and low, or 5.00%. For the last week, the stock has had a daily average volatility of 4.77%.
Our recommended stop-loss: $274.98 (-6.49%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from pivot top found 2 day(s) ago.)
4.77 %Average volatility
Very Low Low Medium High Very High
NVDA Stock Evaluation
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 this stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 327 votes on StockTwits.
|NVDA $294.07 ($-14.63 -4.74%)|
NVDA is down $14.63 today, but where's it headed in 2020?
|Zacks Investment Research is releasing its prediction for NVDA based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the NVDA analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.