NVIDA (NVDA) Closes Prior Hour Down -0.77%; Heads Down For the 2nd Day In A Row

The Hourly View for NVDA

Last Updated January 18, 2021, 02:023 GMT

Currently, NVIDA’s price is down $-1.43 (-0.27%) from the hour prior. The hourly chart shows that NVIDA has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Nvidia Corp Daily Price Recap

Nvidia Corp came into today down 2.58% ($13.63) from the open of yesterday, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 5.84% from the day before — and down 54.07% from the same day the week before. The daily price chart of Nvidia Corp below illustrates.

NVDA

Nvidia Corp Technical Analysis

For additional context, note that price has gone up 5 out of the past 10 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about NVDA:

    $MU $QQQ $NVDA $AMD $SPY
    President-elect Joe Biden wants to give federal technology modernization and cybersecurity efforts a historic increase.
    As part of his COVID relief proposal to Congress, Biden called the need to upgrade the federal IT infrastructure an urgent national security issue. To that end, the proposal requests $9 billion for the Technology Modernization Fund—a 3,600% increase over the $25 million it received in fiscal 2020. https://federalnewsnetwork.com/budget/2021/01/biden-proposal-calls-investments-in-federal-it-an-urgent-national-security-issue/

    StockMaster00077