The Hourly View for NVDA
Last Updated February 19, 2021, 12:43 GMT
Currently, NVDA’s price is down $-3.77 (-0.63%) 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. Regarding the trend, note that the strongest trend 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 0.52% ($3.08) from the open of the day prior, marking the 2nd straight day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 15.1% from the day before — and down 46.04% from the same day the week before. Below is a daily price chart of Nvidia Corp.
Nvidia Corp Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Nvidia Corp’s price has gone up 7 them.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to NVDA:
$PLUG first fell thru the bottom of the BB's Tuesday. When it failed to ricochet, the standard pattern then began for this signal. Meaning, it could continuing poking thru bottom for several sessions. With a decent ER next Thursday, we should expect a holding pattern to follow for several sessions and then a crawl back up followed by more catalysts to then accelerate the crawl. A stellar report and promising guidance will produce another gap up period of a few days where it should reclaim 52 week high ground. A typical run back to overbought on RSI14 should bring it to $100-120, timeframe entirely dependent on next week's financial update. Remember the $NVDA drop from $290 to $125…. and now pushing $600? The $TSLA drop from high 300's to 120? $SHOP last year from $600 to $300 back to $1200? $BYND from $200 to around $100 and back to $200 in the past few months?? This is NORMAL. Impatience is the ever present, brutal enemy of the trader. Harness it.