Bullish vs. Bearish (35 opinions)
Social Sentiment 0.14
NVDA Forecast and Technical Stock Analysis
Buy candidate since 2019-12-31 Gain 5.94% PDF
NVIDIA Corporation gained 0.14% in the last trading day ( Friday, 17th Jan 2020 ), rising from $248.93 to $249.28 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.06% from a day low at $247.37 to a day high of $250.00. The price has risen in 8 of the last 10 days and is up by 5.6% over the past 2 weeks. Volume fell in the last day by -0.76 million shares and in total, 6.34 million shares bought and sold for approximately $1 581.62 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the NVDA stock price was $252.99 and low was $229.35.
- 90 day high was $252.99 and low was $191.03.
- 52 week high for NVIDIA Corporation - $252.99 and low - $131.00.
NVIDIA Corporation lies in the middle of a 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 26.2% during the next 3 months and, with 90% probability hold a price between $295.53 and $322.32 at the end of this period.
Only positive signals in the chart today. 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 $247.20 and $230.75. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 15, 2020, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 65 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $212.28 and $209.61.
There is 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 Corporation finds support just below today's level at $212.28. If this is broken, then the next support from accumulated volume will be at $209.61 and $204.19.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.63 (1.06%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: $237.00 (-4.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.62 %Average volatility
Very Low Low Medium High Very High
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.
Also 91% of user sentiment are positive to the stock. The sentiment is based upon 35 votes on StockTwits.
|NVDA $249.28 ($0.35 0.14%)|
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