NVIDIA CORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	NVDA
ISIN:

NVIDIA CORP. - Daily - Technical analysis published on 10/23/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 135.57 USD

My targets

143.41 USD (+2.57%)

159.16 USD (+13.83%)

My analysis

The bullish trend is currently very strong on NVIDIA CORP.. As long as the price remains above the support at 135.57 USD, you could try to benefit from the boom. The first bullish objective is located at 143.41 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 159.16 USD as an objective. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by althani. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NVIDIA CORP. rating is 139.82 USD. On the day, this instrument lost -2.63% and was traded between 138.26 USD and 142.43 USD over the period. The price is currently at +1.13% from its lowest and -1.83% from its highest.

138.26

142.43

139.82

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NVIDIA CORP.:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of NVIDIA CORP. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	98.90	118.45	135.57	139.82
Change (%)	-29.27%	-15.28%	-3.04%	-
Change	-40.92	-21.37	-4.25	-
Level	Major	Minor	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	139.47	140.62	142.11	143.26	144.75	145.90	147.39
Camarilla	142.86	143.11	143.35	143.59	143.83	144.07	144.32
Woodie	139.63	140.71	142.27	143.35	144.91	145.99	147.55
Fibonacci	140.62	141.63	142.26	143.26	144.27	144.90	145.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	118.71	123.73	130.86	135.88	143.01	148.03	155.16
Camarilla	134.66	135.77	136.89	138.00	139.11	140.23	141.34
Woodie	119.78	124.26	131.93	136.41	144.08	148.56	156.23
Fibonacci	123.73	128.37	131.24	135.88	140.52	143.39	148.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.97	89.95	105.70	116.68	132.43	143.41	159.16
Camarilla	114.09	116.54	118.99	121.44	123.89	126.34	128.79
Woodie	81.35	91.14	108.08	117.87	134.81	144.60	161.54
Fibonacci	89.95	100.16	106.47	116.68	126.89	133.20	143.41

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.24
MACD (12,26,9):	5.9600
Directional Movement:	12.40
AROON (14):	92.86
DEMA (21):	140.01
Parabolic SAR (0,02-0,02-0,2):	137.07
Elder Ray (13):	4.41
Super Trend (3,10):	129.18
Zig ZAG (10):	140.95
VORTEX (21):	1.1500
Stochastique (14,3,5):	93.94
TEMA (21):	143.35
Williams %R (14):	-14.61
Chande Momentum Oscillator (20):	13.33
Repulse (5,40,3):	2.3200
ROCnROLL:	1
TRIX (15,9):	0.6000
Courbe Coppock:	27.36

MA7:	138.60
MA20:	131.10
MA50:	123.55
MA100:	121.81
MAexp7:	139.27
MAexp20:	132.68
MAexp50:	125.36
MAexp100:	117.64
Price / MA7:	+0.88%
Price / MA20:	+6.65%
Price / MA50:	+13.17%
Price / MA100:	+14.79%
Price / MAexp7:	+0.39%
Price / MAexp20:	+5.38%
Price / MAexp50:	+11.53%
Price / MAexp100:	+18.85%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on NVIDIA CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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