NVIDA (NVDA) Closes Prior Hour Up 0.07%; 2 Day Down Streak Snapped, Breaks Above 20 Day Average, in an Uptrend Over Past 90 Days

The Hourly View for NVDA

Last Updated September 15, 2020, 23:6 GMT

Currently, NVDA’s price is up $10.38 (2.02%) from the hour prior. The hourly chart shows that NVDA has seen 2 straight up 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 20, 50 and 100 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

514.89 was the closing price of the day for Nvidia Corp, resulting in today being one in which price moved up 5.82% ($28.31) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 87.73% from the day prior, and up 38.02% from the same day the week before. The daily price chart of Nvidia Corp below illustrates.

NVDA

Nvidia Corp Technical Analysis

Notably, Nvidia Corp crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Nvidia Corp’s price has gone up 19 them.

Overheard Around the Web

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

    $HAPP Another slow day here, but worked on setting myself up better for this week. Picked up just enough shares to get my HAPP average down to 2.39 (immensely undervalued company. Still awaiting this gem to be realized and for possible share buyback from management). Lowered both $SINT and $QLGN averages as we wait on PR updates. Picked up a couple hundred shares of $MOHO (releasing unaudited quarterly report tomorrow morning and has been beat down for weeks. Looking for a possible pop). Lastly picked up a $NVDA call for anticipated RTX 3080 release

    Profits4Peez