NVIDIA CORP (NVDA) Stock Technical Analysis
USA - NASDAQ:NVDA - US67066G1040 - Common Stock
We assign a technical rating of 7 out of 10 to NVDA. In the last year, NVDA was one of the better performers, but we do observe some doubts in the very recent evolution.
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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
105.20
When analyzing the support we can see 2 important 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 @106.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @187.87 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 | DOWN | NEGATIVE | The short term trend for NVDA is down. |
| ChartMill Relative Strength | 85.65 | POSITIVE | NVDA has a high relative strength, it outperformed 85.65% 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) | 46.4 | NEUTRAL | The RSI value for NVDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.54 | NEGATIVE | The MACD value suggests NVDA has a negative trend. |
| Stochastics (14,3) | 26.94 | NEUTRAL | The Stochastics value for NVDA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | 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. |
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 |
|---|---|---|---|
| 187.88 | 178.90 | 8.98 (4.78%) | 20.92% |
| An entry @187.88. This is a Buy Stop order right above the resistance zone. | An exit @178.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.98 points, which is 4.78%. | When investing 20.92% 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.
186.6
-3.57 (-1.88%)
NVIDIA CORP / NVDA FAQ
What is the technical rating for NVDA stock?
ChartMill assigns a technical rating of 7 / 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 46.3962. 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 -1.54389, indicating a bearish trend.
What is the short term momentum for NVIDIA CORP (NVDA) stock?
The short term momentum for NVIDIA CORP (NVDA) is negative.