NVIDIA CORP (NVDA) Stock Technical Analysis
NASDAQ:NVDA - US67066G1040 - Common Stock
177.99 USD
+3.01 (+1.72%)
178.38 USD
+0.39 (+0.22%)
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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
NVDA is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. NVDA outperforms 81% of them.
NVDA is currently trading near its 52 week high, which is a good sign. 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 168.80 - 184.48 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NVDA has an average volume of 169007000 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 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, NVDA also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 182.71. Right above this resistance zone may be a good entry point.
More info and screens
100.53
185.00
We found 3 important support areas.
- Support @174.97 from a horizontal line in the daily time frame.
- Support @108.66 from a trend line in the weekly time frame.
- Support @101.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 182.71 to 183.17. 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 | 88.91 | POSITIVE | NVDA has a high relative strength, it outperformed 88.91% 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) | 55.62 | NEUTRAL | The RSI value for NVDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.52 | NEGATIVE | The MACD value suggests NVDA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.7 | NEUTRAL | The Stochastics value for NVDA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.52 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 183.18 | 174.96 | 8.22 (4.49%) | 22.28% |
| An entry @183.18. This is a Buy Stop order right above the resistance zone. | An exit @174.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.22 points, which is 4.49%. | For a 1.00% total portfolio risk, you can invest 22.28% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
177.99
+3.01 (+1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.72%
1 Week-1.36%
2 Weeks-2.58%
1 Month2.59%
3 Month35.57%
6 Month32.4%
12 Month37.58%
2 Year260.63%
3 Year1079.21%
5 Year1230.82%
10 Year31570.8%
15 Year76290.6%
Volatility
ATR(14)4.57
ATR(20)%2.73%
ATR Inc9.62%
Range Today7.39
ADR(20)4.68
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.91
Mansfield2
10 Day High184.48
10 Day Low168.8
20 Day High184.48
20 Day Low168.8
52 Week High184.48
52 Week Low86.62
CS1 End174.97
CR1 Start182.71
Volume & EV
DER(3)1.43%
DER(5)-0.66%
Volume172.79M
Volume Incr9.65%
Vol(5)169.04M
Vol(50)169.01M