NVIDA is Down for the 2nd Day in a Row

The Hourly View for NVIDA

  • At the moment, NVDA’s price is down $-0.3 (-0.18%) from the hour prior.
  • NVIDA has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 moment, NVDA’s price is down $-0.22 (-0.13%) from the day prior.
  • This is the 2nd 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 20 day timeframe.
  • Of note is that the 20 day changed directions on NVDA; it is now pointing up. The moving averages on the daily 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.
  • 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: Could it REVERSE? Let’s see. you may find interesting:

Hello traders and investors! Let’s see how NVDA is looking today! Since it lost the 21 ema, NVDA frustrated any possibility of a bullish reaction, and we are still trading under it. Clearly, NVDA is not bullish, but the bearish sentiment is getting weaker, at least. It seems we found a bottom around $ 155 again, and since then, NVDA is just moving sideways, respecting this support level, while it can’t properly reverse. The volume is increasing as well, but unfortunately, there’s no clear bullish reve…

Nathan_Black