NVIDIA CORP (NVDA) Stock Technical Analysis
USA - NASDAQ:NVDA - US67066G1040 - Common Stock
Overall NVDA gets a technical rating of 8 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.
Besides having an excellent technical rating, NVDA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
104.84
We found 2 important support areas.
- A support zone ranging from 167.01 to 167.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @105.90 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @187.05 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for NVDA is neutral. |
| ChartMill Relative Strength | 82.07 | POSITIVE | NVDA has a high relative strength, it outperformed 82.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NVDA is below 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) | 46.41 | NEUTRAL | The RSI value for NVDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.26 | NEGATIVE | The MACD value suggests NVDA has a negative trend. |
| Stochastics (14,3) | 37.15 | NEUTRAL | The Stochastics value for NVDA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.67 | NEGATIVE | The low ADX value for NVDA suggests a weak or negative trend. |
186.86
-6.94 (-3.58%)
NVIDIA CORP / NVDA FAQ
What is the technical rating for NVDA stock?
ChartMill assigns a technical rating of 8 / 10 to NVDA.
Can you provide the trend direction for NVIDIA CORP?
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 46.4133. This indicates that the stock is currently neutral.
What is the MACD signal for NVIDIA CORP (NVDA) stock?
The MACD indicator for NVIDIA CORP (NVDA) has a value of -1.25759, indicating a bearish trend.
What is the short term momentum for NVIDIA CORP (NVDA) stock?
The short term momentum for NVIDIA CORP (NVDA) is neutral.