Overall NVDA gets a technical rating of 4 out of 10. In the last year, NVDA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- NVDA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVDA is lagging the market slightly.
- NVDA has an average volume of 181727000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- NVDA is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, NVDA did better than 47% of them.
- In the last month NVDA has a been trading in the 177.61 - 193.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NVDA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 188.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 186.28, a Stop Loss order could be placed below this zone.
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165.36
When analyzing the support we can see 5 important areas.
- A support zone ranging from 183.83 to 186.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 178.45 to 179.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @175.01 from a horizontal line in the weekly time frame.
- Support @170.93 from a horizontal line in the daily time frame.
- Support @167.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 188.47 to 190.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NVDA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVDA is neutral. |
| ChartMill Relative Strength | 78.49 | POSITIVE | NVDA has a high relative strength, it outperformed 78.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVDA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NVDA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVDA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.98 | NEUTRAL | The RSI value for NVDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests NVDA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.86 | NEUTRAL | The Stochastics value for NVDA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.37 | NEGATIVE | The low ADX value for NVDA suggests a weak or negative trend. |
187.67
+2.83 (+1.53%)
NVIDIA CORP / NVDA FAQ
What is the technical rating for NVDA stock?
ChartMill assigns a technical rating of 4 / 10 to NVDA.
What is the current trend direction of NVIDIA CORP (NVDA) stock?
The current trend direction for NVIDIA CORP (NVDA) is Bullish.
What is the RSI signal for NVDA stock?
NVIDIA CORP (NVDA) has an RSI value of 53.9774. This indicates that the stock is currently neutral.
What is the MACD signal for NVDA stock?
The MACD indicator for NVIDIA CORP (NVDA) has a value of -0.131677, indicating a bearish trend.