NVIDA is Up for the 3rd Day in a Row

The Hourly View for NVIDA

  • At the moment, NVDA’s price is up $0.67 (0.24%) from the hour prior.
  • NVIDA has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • 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 moment, NVDA’s price is up $1.82 (0.65%) 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.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on NVIDA. Given that we see downtrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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

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