Updating my analysis with some additions of some key levels to watch for as price makes it's way higher.
I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels.
Even though price seems to be forming a H&S top, I'm not sure that we break down here.
I think the most likely scenario is...
Here's a neat little POTENTIAL setup.
I added a projection line.
I probably shouldn't have added a projection line.
It will probably make me look stupid in a few months to a year.
Or maybe even right now.
Depends if you like my charts or not.
Or have just recently followed.
This chart is a little more longer term.
Do I think NVDA crashes some 32% to $620...
and Undervaluation Despite Strong Fundamentals!
1. Potential Price Dip Below $500.00: Despite strong fundamentals, there's a possibility for Nvidia's stock price to fall below $500.00. This suggests a cautious outlook, indicating that market conditions could lead to downward pressure on the stock.
2. Anticipated Correction: There's a looming expectation of a...
Just one week ago NVDA looked like it could reach 1,000. Todays massive break of support now makes it more likely to reach 500.
Only one Stochastic line has reached the overbought zone. RSI is above the oversold zone.
And finally, NVDA.
Setup is beraish on the 4 hour, with the immediate point being the yellow line in the chart. We usually overshoot these Heikin ashi setup targets so look to the calculate low targets starting at 849.
I was thinking we would fall back down into the gap support and then break below it (the purple box), however, owning to that over-zealous...
Stock is overbought and is overextended. There is a major gap at the $300 level that will need to be filled. Semiconductors have also always been cyclical, and have seen major drawdown on their stock every cycle after major run ups.
Immediate negative outlook for NASDAQ:NVDA with:-
#1 the bearish engulfing candle,
#2 accumulated volume hitting 1.9x standard deviation implying a climatic topping,
#3 +4x standard deviation on the daily MACD and +5.3x standard deviation on the weekly MACD.
Taken together, this looks like a climatic topping act NASDAQ:NVDA ion for a parabolic surge.
The breakdown action of NVDA on 04/18/24 and 04/19/24 could have long-term consequences. Monthly RSI has a bearish cross of its moving average line. Also Monthly Stochastic has bearish lines cross. These signals have not occurred since December 2021. Subsequently NVDA decline 69% from its November 2021 top.
If NVDA now has a similar decline it could fall...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NVDA has been overall bullish from a long-term perspective, trading above the blue trendline which is acting as a non-horizontal support.
After breaking below the last low marked in red, NVDA has been in a correction phase from a medium-term perspective.
Moreover, the...
Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of...
NVIDIA Channel and Levels
Nvidia has support around 740-732 range and since its staying above , next level to break is 797-800 and then 830 -858 is where most of the sideways action may lie in the recent plays.
880 might be the level to break to 900+
There are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish.
Here we are going to be looking at the signals for the NVDA stock on both sides.
Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the...
Executive Summary:
Our comprehensive analysis of NVIDIA Corporation (NVDA) encompasses a multitude of technical indicators and fundamental data. As of the latest observation, NVDA has exhibited a mixed sentiment, warranting a nuanced approach for potential entry and exit points. The current market position presents a speculative upside target of $993.62, aligning...
NVDA is neutral on its 1D technical outlook (RSI = 45.860, MACD = -7.940, ADX = 34.317) as it corrected to a respectable extent, a correction that we have been expected as pointed out on our latest idea. The Channel Up is intact, the price crossed under the 1D MA50 and like the September-October correction, it may consolidate until it catches up with the 1D MA100....
