NVIDIA CORP (NVDA)       214.3  +3.41 (+1.62%)

214.3  +3.41 (+1.62%)

US67066G1040 - Common Stock

Technical Rating

8

Overall NVDA gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NVDA is only an average performer.



Both the short term and long term trends are positive. This is a very positive sign.
In the last month NVDA has a been trading in the 151.41 - 219.49 range, which is quite wide. It is currently trading near the high of this range.
NVDA has an average volume of 44540800 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 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
NVDA is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 62% of 106 stocks in the same industry.
NVDA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 41.93% 29.17% 12.72% -11.94% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 84.02 108.13 - 289.46
NVDA Weekly chart
NVDA Daily chart

Support/Resistance Analysis


153.13

216.44
5 important support areas can be observed.
  • A support zone ranging from 210.88 to 211.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • A support zone ranging from 202.29 to 203.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @191.61 from a horizontal line in the daily time frame.
  • Support @164.62 from a trend line in the weekly time frame.
  • Support @154.68 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

3

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.


NVDA Daily chart

NVIDIA CORP214.3

NASDAQ:NVDA (2/7/2023, 12:52:09 PM)+3.41 (+1.62%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Semiconductors & Semiconductor Equipment

Performance
Today 1.62% 1 Week 10.06%
2 Weeks 9.88% 1 Month 41.93%
3 Month 29.17% 6 Month 12.72%

Volatility
ATR(14) 9.95 ATR(20)% 4.46%
ATR Inc -11.57% Range Today 10.21

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 84.02 Mansfield 1.8
10 Day High 219.49 10 Day Low 185.8
20 Day High 219.49 20 Day Low 151.41
52 Week High 289.46 52 Week Low 108.13
CS1 End 203.82 CR1 Start 211.01

Volume & EV
DER(3) 4.52% DER(5) 4.29%
Volume 42.59M Volume Incr 12.41%
Vol(5) 52.09M Vol(50) 44.54M

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