Is NVDA’s Trend Waning? Oscillators Suggest So

The Hourly View for NVIDA

  • At the moment, NVDA’s price is down $-0.06 (-0.02%) from the hour prior.
  • The hourly chart shows that NVIDA has seen 2 straight down hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly 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

  • At the time of this writing, NVDA’s price is down $-3.43 (-1.13%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as NVIDA has now gone down 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence alert: Trend in NVDA’s price and its RSI are diverging. NVDA’s price is rising faster than its RSI.

Below is a daily price chart of NVIDA.

NVDA

Featured NVIDA Commentary From Twitter

$NVDA – Earnings Trade Idea 💡 – Nov 19 320C

Closed at 303.90

If NVDA closes through 323 after ER it can run to 344-350 next

Earnings: Wednesday After Hours (20-22 pt mv priced in)

$AAPL $AMD $AMZN $BA $FB $LCID $MSFT $NFLX $NIO $NVDA $PLTR $ROKU $SPCE $SPX $SPY $SQ $TSLA https://t.co/wXb3dogS7G

EliteOptions2