NVIDIA CORP (NVDA) Stock Technical Analysis
NASDAQ:NVDA • US67066G1040
Taking everything into account, NVDA scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, NVDA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 79% of all stocks.
- 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.
- In the last month NVDA has a been trading in the 171.03 - 194.49 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- NVDA has an average volume of 166919000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NVDA is part of the Semiconductors & Semiconductor Equipment industry. There are 114 other stocks in this industry, NVDA did better than 43% of them.
NVDA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 190.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 189.00, a Stop Loss order could be placed below this zone.
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109.86
6 important support areas can be observed.
- A support zone ranging from 184.80 to 189.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @180.73 from a trend line in the weekly time frame.
- A support zone ranging from 174.19 to 175.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 170.93 to 170.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @167.03 from a horizontal line in the daily time frame.
- Support @110.97 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 190.10 to 190.53. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for NVDA is up. |
| ChartMill Relative Strength | 79.87 | POSITIVE | NVDA has a high relative strength, it outperformed 79.87% 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) | 54.88 | NEUTRAL | The RSI value for NVDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests NVDA has a positive trend. |
| Stochastics (14,3) | 75.73 | NEUTRAL | The Stochastics value for NVDA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.34 | NEGATIVE | The low ADX value for NVDA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 190.54 | 184.79 | 5.75 (3.02%) | 25.00% |
| An entry @190.54. This is a Buy Stop order right above the resistance zone. | An exit @184.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.75 points, which is 3.02%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NVDA. Please evaluate whether better entry and exit points can be found.
- 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.
189.82
+1.92 (+1.02%)
NVIDIA CORP / NVDA FAQ
What is the technical rating for NVDA stock?
ChartMill assigns a technical rating of 8 / 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 54.8841. 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 0.435079, indicating a bearish trend.
What is the buy/sell signal for NVDA stock?
The buy/sell signal for NVIDIA CORP (NVDA) is buy as both the short term and long term trends are positive.