We assign a technical rating of 8 out of 10 to NVDA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, NVDA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 184.35, a Stop Loss order could be placed below this zone.
More info and screens
106.28
When analyzing the support we can see 4 important areas.
- A support zone ranging from 179.83 to 184.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 176.99 to 176.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @167.03 from a horizontal line in the daily time frame.
- Support @107.35 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 | NEUTRAL | NEUTRAL | The short term trend for NVDA is neutral. |
| ChartMill Relative Strength | 85.38 | POSITIVE | NVDA has a high relative strength, it outperformed 85.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVDA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NVDA is below 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) | 51.03 | NEUTRAL | The RSI value for NVDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests NVDA has a positive trend. |
| Stochastics (14,3) | 53.8 | NEUTRAL | The Stochastics value for NVDA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.14 | 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 |
|---|---|---|---|
| 188.01 | 179.82 | 8.19 (4.36%) | 22.96% |
| An entry @188.01. This is a Buy Stop order right above the 10 day high. | An exit @179.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.19 points, which is 4.36%. | When investing 22.96% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
185.55
+3.14 (+1.72%)
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 51.0295. 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 0.221083, 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.