Is Momentum Changing for NVIDA? Price Just Crossed Above Its 200 Day Moving Average

The Daily View for NVIDA

  • At the moment, NVDA’s price is up $2.43 (0.48%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as NVIDA has now gone up 4 of the past 5 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

NVIDA’s hourly price chart is shown below.

NVDA

The Daily View for NVIDA

  • Currently, NVDA’s price is down $-11.57 (-2.29%) from the day prior.
  • This is the 3rd day in a row NVIDA has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 day moving average has been crossed, so that price is now turning below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of NVIDA.

NVDA

Featured NVIDA Idea From TradingView

Below is a trading comment entitled NVDA poised to jump? you may find interesting:

Seeing NVDA fall to south of 500 was not pretty, but it’s gathered back up and resting above a good support zone of of 515-518, that I’m confident will hold if we have a further jitter. With yesterday being a slightly ugly day for t…

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