VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

NVDA Forecast and Technical Stock Analysis

Hold candidate since 2019-07-19

NVIDIA Corporation fell by -1.02% in the last day ( Friday, 19th Jul 2019 ) from $170.18 to $168.44 During day the stock fluctuated 2.25% from a day low at $168.20 to a day high of $171.98. The price has risen in 6 of the last 10 days and is up by 5.12% 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 -1.41 million shares and in total 8.46 million shares bought and sold for approximately $1 424.65 million.

Quick summary:

  • 30 day high of the NVDA stock price was $173.95 and low was $150.72.
  • 90 day high was $192.81 and low was $132.60.
  • 52 week high for the NVIDIA Corporation - $292.76 and low - $124.46.
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Trend

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 $169.89 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 -9.65% during the next 3 months and, with 90% probability hold a price between $112.15 and $153.49 at the end of this period.

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Signals

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 $168.08 and $155.18. 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 Thursday July 18, 2019, 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.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 58 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 behavior.

Support & Resistance

NVIDIA Corporation finds support from accumulated volume at $166.28.

Support: $166.28 Price: $168.44 Resistance: $168.82

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $3.78 (2.25%) between high and low. For the last week, the stock has had a daily average volatility of 2.27%.

Our recommended stoploss: $160.59 (-4.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

2.27 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

NVIDIA Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. 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 Hold/Accumulate.

Previous Hold Today NVDA ranks #2986 as HOLD CANDIDATE #2986 Next Hold

Will NVDA stock price go up or down on Mon, 22 Jul 2019?

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