We therefore hold a negative evaluation of this stock. NVIDIA holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks.

With no support below and resistance from accumulated volume $8.91 (7.63%) our system find the risk reward not very attractive. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$6.83 (+/-5.85%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Monday 10thįor the upcoming trading day on Monday, 10th we expect NVIDIA Corporation to open at $117.34, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 4.82%. During the last day, the stock moved $7.16 between high and low, or 6.28%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. This may be an early warning and the stock should be followed more closely. Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Thursday, August 04, 2022, and so far it has fallen -39.27%.

A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $125.58 and $138.40. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.

The NVIDIA stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Nvda price to sales