NVIDIA CORP (NVDA) Stock Technical Analysis
NASDAQ:NVDA - Nasdaq - US67066G1040 - Common Stock - Currency: USD
Overall NVDA gets a technical rating of 9 out of 10. 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.
The long and short term trends are both positive. This is looking good!
NVDA is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. NVDA outperforms 85% of them.
NVDA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NVDA has a been trading in the 132.92 - 158.71 range, which is quite wide. It is currently trading near the high of this range.
NVDA has an average volume of 218760000 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 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NVDA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
97.67
159.33
3 important support areas can be observed.
- Support @141.96 from a horizontal line in the daily time frame.
- Support @102.92 from a trend line in the weekly time frame.
- Support @98.66 from a trend line in the weekly time frame.
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 | 90.69 | POSITIVE | NVDA has a high relative strength, it outperformed 90.69% 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) | 76.61 | OVERBOUGHT | The high RSI value suggests NVDA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests NVDA has a positive trend. |
| Stochastics (14,3) | 94.35 | OVERBOUGHT | The high Stochastics value suggests NVDA may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 43.46 | POSITIVE | The high ADX value value for NVDA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
157.75
+2.73 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.76%
1 Week9.66%
2 Weeks8.79%
1 Month13.33%
3 Month43.84%
6 Month15.14%
12 Month27.69%
2 Year272.91%
3 Year940.64%
5 Year1560.92%
10 Year31277.4%
15 Year61702.2%
Volatility
ATR(14)3.41
ATR(20)%2.32%
ATR Inc-9.83%
Range Today3.46
ADR(20)3.26
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.69
Mansfield1.6
10 Day High158.71
10 Day Low140.85
20 Day High158.71
20 Day Low132.92
52 Week High158.71
52 Week Low86.62
CS1 End141.96
CR1 StartN/A
Volume & EV
DER(3)3.97%
DER(5)4.26%
Volume263.23M
Volume Incr3.57%
Vol(5)214.48M
Vol(50)218.76M