NVIDA (NVDA) Closes Last Hour Up $3.50; Heads Down For the 2nd Consecutive Day

The Hourly View for NVDA

Last Updated September 14, 2020, 23:14 GMT

Currently, NVDA’s price is up $39.14 (8.04%) from the hour prior. The hourly chart shows that NVDA has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Nvidia Corp Daily Price Recap

Nvidia Corp closed the previous day down 1.2% ($5.89); this denotes the 2nd consecutive day a decrease has occurred. The price move occurred on volume that was down 8.84% from the day prior, but up 25.42% from the same day the week before. The daily price chart of Nvidia Corp below illustrates.

NVDA

Nvidia Corp Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Nvidia Corp’s price has gone up 5 of the previous 10 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to NVDA:

    $SPY “What matters here is that the market has spoken. Big-time hedge-fund managers may come on our air and say that stocks are too high, maybe even dangerous, that we’re in a bubble,” Cramer said. “But big companies tend to know their own industries, and they seem to think many stocks are undervalued or reasonably valued.” $NVDA $ORCL $GILD

    Easymoney78