NVIDIA CORP. - Weekly - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 772.64 USD
My targets
938.83 USD (+0.65%)
1,013.63 USD (+8.67%)
My analysis
The bullish trend is currently very strong on NVIDIA CORP.. As long as the price remains above the support at 772.64 USD, you could try to benefit from the boom. The first bullish objective is located at 938.83 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,013.63 USD as an objective. Crossing it would then enable buyers to target 1,105.02 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by ybsony. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NVIDIA CORP. price is 932.80 USD. The price registered an increase of +3.79% over 5 days and was traded between 885.29 USD and 948.62 USD over the period. The price is currently at +5.37% from its lowest point and -1.67% from its highest point.885.29
948.62
932.80
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this NVIDIA CORP. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 333.17 | 404.41 | 493.42 | 932.80 | 950.02 |
| Change (%) | -64.28% | -56.65% | -47.10% | - | +1.85% |
| Change | -599.63 | -528.39 | -439.38 | - | +17.22 |
| Level | Major | Major | Intermediate | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 919.86 | 930.44 | 937.02 | 947.60 | 954.18 | 964.76 | 971.34 |
| Camarilla | 938.87 | 940.44 | 942.02 | 943.59 | 945.16 | 946.74 | 948.31 |
| Woodie | 917.85 | 929.44 | 935.01 | 946.60 | 952.17 | 963.76 | 969.33 |
| Fibonacci | 930.44 | 937.00 | 941.05 | 947.60 | 954.16 | 958.21 | 964.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 840.10 | 861.21 | 879.99 | 901.10 | 919.88 | 940.99 | 959.77 |
| Camarilla | 887.81 | 891.47 | 895.12 | 898.78 | 902.44 | 906.09 | 909.75 |
| Woodie | 838.95 | 860.63 | 878.84 | 900.52 | 918.73 | 940.41 | 958.62 |
| Fibonacci | 861.21 | 876.45 | 885.86 | 901.10 | 916.34 | 925.75 | 940.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 606.45 | 681.25 | 772.64 | 847.44 | 938.83 | 1,013.63 | 1,105.02 |
| Camarilla | 818.32 | 833.55 | 848.79 | 864.02 | 879.25 | 894.49 | 909.72 |
| Woodie | 614.74 | 685.40 | 780.93 | 851.59 | 947.12 | 1,017.78 | 1,113.31 |
| Fibonacci | 681.25 | 744.74 | 783.96 | 847.44 | 910.93 | 950.15 | 1,013.63 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.59 | |
| MACD (12,26,9): | 103.1900 | |
| Directional Movement: | 19.67 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 925.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 756.06 | |
| Elder Ray (13): | 79.95 | |
| Super Trend (3,10): | 723.44 | |
| Zig ZAG (10): | 933.36 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 79.74 | |
| TEMA (21): | 951.31 | |
| Williams %R (14): | -13.15 | |
| Chande Momentum Oscillator (20): | 144.71 | |
| Repulse (5,40,3): | 6.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.5900 | |
| Courbe Coppock: | 78.87 |
| MA7: | 918.05 | |
| MA20: | 879.85 | |
| MA50: | 882.61 | |
| MA100: | 767.79 | |
| MAexp7: | 883.66 | |
| MAexp20: | 788.04 | |
| MAexp50: | 619.72 | |
| MAexp100: | 474.07 | |
| Price / MA7: | +1.61% | |
| Price / MA20: | +6.02% | |
| Price / MA50: | +5.69% | |
| Price / MA100: | +21.49% | |
| Price / MAexp7: | +5.56% | |
| Price / MAexp20: | +18.37% | |
| Price / MAexp50: | +50.52% | |
| Price / MAexp100: | +96.76% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on NVIDIA CORP. at the time of the analysis were as follows:
- Voice Assistant Builder PolyAI Closes $50 Million Series C; Backers Include Hedosophia, Nvidia and Khosla Ventures
- Remark Holdings to present at NYC Smart City Expo with Oracle and Nvidia
- NVIDIA Grace Hopper Ignites New Era of AI Supercomputing
- NVIDIA Accelerates Quantum Computing Centers Worldwide With CUDA-Q Platform
- Nextech3D.ai's AI Search Engine Powered by Nvidia GPUs Accelerating It's Production of 3D Models
This member declared not having a position on this financial instrument or a related financial instrument.
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