Taking everything into account, NVDA scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVDA is showing a nice and steady performance.
Although NVDA has an excellent technical rating, it does not present a decent entry opportunity 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.
106.99
4 important support areas can be observed.
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 | UP | POSITIVE | The short term trend for NVDA is up. |
| ChartMill Relative Strength | 85.64 | POSITIVE | NVDA has a high relative strength, it outperformed 85.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVDA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVDA is above the rising 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) | 58.68 | NEUTRAL | The RSI value for NVDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.64 | POSITIVE | The MACD value suggests NVDA has a positive trend. |
| Stochastics (14,3) | 95.31 | OVERBOUGHT | The high Stochastics value suggests NVDA may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.79 | NEGATIVE | The low ADX value for NVDA suggests a weak or negative trend. |
190.53
+1.92 (+1.02%)
ChartMill assigns a technical rating of 8 / 10 to NVDA.
The current trend direction for NVIDIA CORP (NVDA) is Bullish.
NVIDIA CORP (NVDA) has an RSI value of 58.6817. This indicates that the stock is currently neutral.
The MACD indicator for NVIDIA CORP (NVDA) has a value of 1.63955, indicating a bullish trend.
The short term momentum for NVIDIA CORP (NVDA) is positive.