RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NVDA
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Red day on Wednesday for NVIDIA
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 05, 2024 Gain 83.82% PDF

The NVIDIA stock price fell by -2.50% on the last day (Wednesday, 27th Mar 2024) from $925.61 to $902.50. During the last trading day the stock fluctuated 4.62% from a day low at $891.23 to a day high of $932.40. The price has risen in 6 of the last 10 days but is still down by -0.7% for this period. Volume has increased on the last day by 8 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 58 million shares were bought and sold for approximately $52.47 billion.

The stock 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 102.22% during the next 3 months and, with a 90% probability hold a price between $1,769.16 and $1,953.54 at the end of this 3-month period.

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NVDA Signals & Forecast

A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -5.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The NVIDIA stock holds a sell 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 giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $919.01. On a fall, the stock will find some support from the long-term average at approximately $823.65. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for NVIDIA stock

NVIDIA finds support from accumulated volume at $875.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $41.17 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 3.82%.

Our recommended stop-loss: $858.45 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (NVDA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect NVIDIA Corporation to open at $908.71, and during the day (based on 14 day Average True Range), to move between $863.95 and $941.05, which gives a possible trading interval of +/-$38.55 (+/-4.27%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 8.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $908.88 (0.71%) than the support at $875.28 (3.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is NVIDIA Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.573 Buy Candidate Unchanged

Predicted Opening Price for NVIDIA Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$908.71 ( 0.688%) $902.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NVDA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 949.88 5.25 %
R2 934.15 3.51 %
R1 924.44 2.43 %
Current price: 902.50
Support S1 892.98 -1.05 %
S2 883.27 -2.13 %
S3 867.54 -3.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 942.89 4.48 %
R2 919.13 1.84 %
R1 908.88 0.707 %
Current price 902.50
Support S1 875.28 -3.02%
S2 788.17 -12.67%
S3 785.38 -12.98%

NVDA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 05, 2024 Mar 27, 2024 $0.0400 0.0044%
2 Nov 21, 2023 Dec 05, 2023 Dec 28, 2023 $0.0400 0.0081%
3 Aug 23, 2023 Sep 06, 2023 Sep 28, 2023 $0.0400 0.0093%
4 May 24, 2023 Jun 07, 2023 Jun 30, 2023 $0.0400 0.0095%
5 Feb 22, 2023 Mar 07, 2023 Mar 29, 2023 $0.0400 0.0148%

FAQ

What is the symbol for NVIDIA Stock and on which exchange is it traded?
The symbol for NVIDIA is NVDA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NVIDIA Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy NVIDIA Stock?
NVIDIA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NVIDIA Stock.

What's the current price of NVIDIA Stock?
As of the end of day on the 2024-03-27, the price of an NVIDIA (NVDA) share was $902.50.

What is the 52-week high and low for NVIDIA Stock?
The 52-week high for NVIDIA Stock is $974.00 and the 52-week low is $258.50.

What is the market capitalization of NVIDIA Stock?
As of the 2024-03-27, the market capitalization of NVIDIA is 2.314T.

When is the next earnings date for NVIDIA?
The upcoming earnings date for NVIDIA is May 22, 2024.
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About NVIDIA Corporation

NVIDIA NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms fo... NVDA Profile

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