By Mill Chart
Last update: Dec 8, 2023
In this article we will dive into NVIDIA CORP (NASDAQ:NVDA) as a possible candidate for growth investing. Investors should always do their own research, but we noticed NVIDIA CORP showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:NVDA boasts a 10 out of 10:
ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NASDAQ:NVDA has earned a 6 out of 10:
ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:NVDA was assigned a score of 8 for profitability:
Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:NVDA currently has a 7 as setup rating:
NVDA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 441.12, a Stop Loss order could be placed below this zone.
More Strong Growth stocks can be found in our Strong Growth screener.
Our latest full fundamental report of NVDA contains the most current fundamental analsysis.
For an up to date full technical analysis you can check the technical report of NVDA
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
NASDAQ:NVDA (2/21/2024, 2:03:10 PM)
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