You may use and the contents contained in solely for your own individual non-commercial and informational purposes only. Liable for your own investment decisions and agree to the Users should not base their investment decision upon. is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. We, therefore, hold a negative evaluation of this stock. NVIDIA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance. Since the stock is closer to the support from accumulated volume at $116.70 (2.42%) If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 11.67% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$6.98 (+/-5.84%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Friday 14thįor the upcoming trading day on Friday, 14th we expect NVIDIA Corporation to open at $116.17, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 6.36%. During the last day, the stock moved $12.65 between high and low, or 11.70%.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. NVIDIA finds support from accumulated volume at $116.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This is considered to be a good technical signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Wednesday, October 12, 2022, and so far it has risen 4.00%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $121.62 and $133.72. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
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The NVIDIA stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. There are mixed signals in the stock today.
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