NVIDIA Corporation Forecast and Stock Analysis
Technical NVDA stock analysis for March 26, 2019.
|Loans||2 000.0 mill|
NVIDIA Corporation gained 1.78% in the last trading day, rising from $173.78 to $176.87 The price has been going up and down for this period, and there has been a 8.83% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4.34 million more shares were traded than the day before. In total, 17.43 million shares bought and sold for approximately $3 082.42 million.
Close price at the end of the last trading day (Tuesday, 26th Mar 2019) of the NVDA stock was $176.87. This is 1.78% more than the trading day before Monday, 25th Mar 2019.
During day the stock fluctuated 4.10% from a day low at $174.60 to a day high of $181.75.
30 day high of the NVDA stock price was $185.00 and low was $144.80.
90 day high was $185.00 and low was $124.46.
52 week high for the NVIDIA Corporation - $292.76 and low - $124.46.
NVIDIA Corporation lies in the middle of a 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 23.19% during the next 3 months and, with 90% probability hold a price between $190.11 and $228.75 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 $175.88 and $159.91. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday March 25, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $160.15 and $157.34.
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 $160.15. If this is broken, then the next support from accumulated volume will be at $157.34 and $138.01.
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 $7.15 between high and low, or 4.10%. For the last week, the stock has had a daily average volatility of 4.39%.
Our recommended stoploss: $166.89 (-5.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
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.