NVIDIA CORP (NVDA) Stock Technical Analysis
NASDAQ:NVDA - Nasdaq - US67066G1040 - Common Stock - Currency: USD
Taking everything into account, NVDA scores 9 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!
NVDA is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. NVDA outperforms 82% 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 140.85 - 167.89 range, which is quite wide. It is currently trading near the high of this range.
NVDA has an average volume of 203349000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NVDA did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although NVDA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
98.39
166.57
When analyzing the support we can see 3 important areas.
- A support zone ranging from 153.11 to 153.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @104.36 from a trend line in the weekly time frame.
- Support @99.38 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 | 89.17 | POSITIVE | NVDA has a high relative strength, it outperformed 89.17% 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) | 75.16 | OVERBOUGHT | The high RSI value suggests NVDA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests NVDA has a positive trend. |
| Stochastics (14,3) | 93.29 | OVERBOUGHT | The high Stochastics value suggests NVDA may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 47.21 | 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)
164.92
+0.82 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.5%
1 Week3.5%
2 Weeks6.39%
1 Month15.47%
3 Month48.67%
6 Month21.35%
12 Month27.61%
2 Year252.93%
3 Year808%
5 Year1453.69%
10 Year32966.7%
15 Year71682.4%
Volatility
ATR(14)3.77
ATR(20)%2.18%
ATR Inc-0.7%
Range Today4.42
ADR(20)3.18
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.17
Mansfield1.9
10 Day High167.89
10 Day Low151.49
20 Day High167.89
20 Day Low140.85
52 Week High167.89
52 Week Low86.62
CS1 End153.29
CR1 StartN/A
Volume & EV
DER(3)1.76%
DER(5)0.91%
Volume193.63M
Volume Incr-12.42%
Vol(5)164.65M
Vol(50)203.35M