NVIDA (NVDA) Closes Prior Hour Up 2.05%; 3 Day Down Streak Broken, in an Uptrend Over Past 90 Days

The Hourly View for NVDA

Last Updated September 22, 2020, 00:05 GMT

At the moment, NVDA’s price is down $-5.06 (-1.04%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NVDA has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them so that price is now turning above them. 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

The end of a 3 day negative run has come for Nvidia Corp, which finished yesterday up 2.69% ($13.12). As for how volume fared, yesterday’s volume was up 3.53% from the previous day (Sunday), and up 3.03% from Monday of the week before. Below is a daily price chart of Nvidia Corp.

NVDA

Nvidia Corp Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

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

    Today was interesting. I noticed a connection with four of my stocks. Both $NVDA and $AMD were in the green this morning with the other related dynamic duo $WMT and $ORCL. I am really intrigued to see the pre-market tomorrow, especially for $TSLA. Oh, and #CHWY was also an interesting green success. For the rest I sold in the last week to purchase more Tesla, they were also in the red. The latest news will definitely change everything tomorrow. Always remember – Monday is the day to buy because everyone is selling. The rest of the week is yours shortly before the weekend. Nobody likes weekend surprises, especially involving drinks, morning after pills, and missing teeth.

    ATerragna