NVD Technical Analysis - NVIDIA CORP

Technical Rating and Analysis

Taking everything into account, NVD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NVD has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that NVD is one of the better performing stocks in the market, outperforming 88% of all stocks.

NVD is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 80% of 57 stocks in the same industry.

A new 52 week high is currently being made by NVD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month NVD has a been trading in the 142.16 - 162.80 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although NVD has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

140.08

163.53

We found 2 important support areas.

A support zone ranging from 150.23 to 152.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 141.49 to 143.32. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 161.27 to 161.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for NVD.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NVD.DE is up.
ChartMill Relative Strength	88.94	POSITIVE	NVD.DE has a high relative strength, it outperformed 88.94% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NVD.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NVD.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NVD.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.42	NEUTRAL	The RSI value for NVD.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.33	POSITIVE	The MACD value suggests NVD.DE has a positive trend.
Stochastics (14,3)	94.05	OVERBOUGHT	The high Stochastics value suggests NVD.DE may be overbought.
Average True Range in percent/ATR (20)	2.52	MEDIUM VOLATILITY	The ATR as a percentage value for NVD.DE suggests some volalility.
Average Directional Index/ADX (14)	16.53	NEGATIVE	The low ADX value for NVD.DE suggests a weak or negative trend.