If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 10.26% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$7.26 (+/-5.13%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Monday 7thįor the upcoming trading day on Monday, 7th we expect NVIDIA Corporation to open at $140.27, and during the day (based on 14 day Average True Range), There is a buy signal from a pivot bottom found 15 days ago.)Īlso, this stock might be very well worth checking out! * > The RSI14 is 76 and this increases the risk substantially. (This stock has medium daily movements and this gives medium risk. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought.

The NVIDIA stock is overbought on RSI14 and lies in the upper part of the trend. For the last week, the stock has had daily average volatility of 4.98%. During the last day, the stock moved $5.32 between high and low, or 3.88%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. NVIDIA finds support from accumulated volume at $139.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This is considered to be a good technical signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Friday, October 14, 2022, and so far it has risen 26.09%. A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $135.49 and $126.52. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

The NVIDIA stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Mostly positive signals in the chart today.

Nvda stock earnings time