NVIDIA Corporation Stock Analysis
Technical stock analysis for 22 January 2019
|Loans||2 000.0 mill|
NVIDIA Corporation fell by -5.20% in the last day from $156.93 to $148.77 The price has risen in 6 of the last 10 days and is up by 3.74% over the past 2 weeks. Volume has increased in the last day by 0.13 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 16.31 million shares bought and sold for approximately $2 426.07 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the NVDA stock was $148.77. This is 5.2% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 5.85% from a day low at $147.55 to a day high of $156.18.
30 day high of the NVDA stock price was $157.98 and low was $124.46.
90 day high was $222.00 and low was $124.46.
52 week high for the NVIDIA Corporation - $292.76 and low - $124.46.
NVIDIA Corporation lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $155.61 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -33.78% during the next 3 months and, with 90% probability hold a price between $59.89 and $103.04 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls 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. NVIDIA Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $150.77. On a fall, the stock will find some support from the long-term average at approximately $145.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
NVIDIA Corporation finds support from accumulated volume at $144.71.
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 $8.63 between high and low, or 5.85%. For the last week, the stock has had a daily average volatility of 4.01%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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NVIDIA Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
|NVDA $148.77 $-8.16(-5.20%)|
NVDA is down $8.16 today, but where's it headed in 2019?
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