NVIDIA CORP. - Weekly - Technical analysis published on 10/23/2024 (GMT)
- 131
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above
My targets
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NVIDIA CORP. as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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This analysis was given by althani. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NVIDIA CORP. price is 139.76 USD. The price registered an increase of +2.98% over 5 days and was traded between 138.00 USD and 143.71 USD over the period. The price is currently at +1.28% from its lowest point and -2.75% from its highest point.138.00
143.71
139.76
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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.:
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 this Weekly chart of NVIDIA CORP. indicates that the overall trend is strongly bullish. 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 is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Weekly
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
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 support
Type : Bullish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 49.69 | 98.90 | 135.57 | 139.76 |
| Change (%) | -64.45% | -29.24% | -3.00% | - |
| Change | -90.07 | -40.86 | -4.19 | - |
| Level | Minor | Major | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.61 | |
| MACD (12,26,9): | 10.6300 | |
| Directional Movement: | 14.75 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 134.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 99.57 | |
| Elder Ray (13): | 16.21 | |
| Super Trend (3,10): | 105.00 | |
| Zig ZAG (10): | 140.98 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 95.02 | |
| TEMA (21): | 133.60 | |
| Williams %R (14): | -6.77 | |
| Chande Momentum Oscillator (20): | 33.42 | |
| Repulse (5,40,3): | 10.8100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.4400 | |
| Courbe Coppock: | 16.67 |
| MA7: | 138.60 | |
| MA20: | 131.10 | |
| MA50: | 123.55 | |
| MA100: | 121.81 | |
| MAexp7: | 130.36 | |
| MAexp20: | 119.75 | |
| MAexp50: | 98.27 | |
| MAexp100: | 74.79 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +6.61% | |
| Price / MA50: | +13.12% | |
| Price / MA100: | +14.74% | |
| Price / MAexp7: | +7.21% | |
| Price / MAexp20: | +16.71% | |
| Price / MAexp50: | +42.22% | |
| Price / MAexp100: | +86.87% |
Quotes :
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15 min delayed data
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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:
-
Northern Data Group: Europe’s largest independent NVIDIA hardware cluster
- The AI solutions for Indonesian businesses received international recognition through the lens of NVIDIA
- LITEON Debuts Integrated AI Cloud Server Rack Solutions Powered by NVIDIA at 2024 OCP Summit
- Supermicro's Liquid-Cooled SuperClusters for AI Data Centers Powered by NVIDIA GB200 NVL72 and NVIDIA HGX B200 Systems, Deliver a New Paradigm of Energy-Efficient Exascale Computing
- Supermicro Adds New Petascale JBOF All-Flash Storage Solution Integrating NVIDIA BlueField-3 DPU for AI Data Pipeline Acceleration
This member declared not having a position on this financial instrument or a related financial instrument.
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