NVIDA Closed Yesterday Down -1.68%

The Hourly View for NVIDA

  • At the time of this writing, NVDA’s price is up $3.13 (1.19%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as NVIDA has now gone up 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Of note is that the 20 hour changed directions on NVDA; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NVIDA’s hourly price chart is shown below.

NVDA

The Daily View for NVIDA

  • Currently, NVDA’s price is down $-4.53 (-1.68%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Of note is that the 50 day changed directions on NVDA; it is now pointing down. 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.
  • Divergence between NVDA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NVDA’s price.

Below is a daily price chart of NVIDA.

NVDA

Featured NVIDA Idea From TradingView

Below is a trading comment entitled NVDA: Held Key Area you may find interesting:

Watching NVDA to bounce after filling and holding a major gap at 267.84. If we see SOXL start to go green or gaps up, wouldn’t be surprised to see NVDA have a move back to 284/285 area. Overall market cannot be going into the gutter for this move to happen. NVDA should find local supply around $280. If NVDA fails 256 for any reason, swing puts down to 230 may be an absolute monster payday.

AlphaTradersInc