Nvidia Corp (NVDA) Down 2.96%; in an Uptrend Over Past 90 Days

Nvidia Corp 4 Hour Price Update

Updated July 24, 2020 04:31 PM GMT (12:31 PM EST)

NVDA traders saw its share price increase 1.99% ($8.08) over the past four hours of trading. For context, Nvidia Corp’s peers in the in the Electronic Equipment industry are down -0.9% on average in this time, while its counterparts in the broader Technology sector are down by an average of -1.18%.

Nvidia Corp Daily Price Recap

The back and forth price flow continues for Nvidia Corp, which started today off at 405.19 US dollars, down 2.96% ($12.36) from yesterday. The price move occurred on volume that was up 13.19% from the day prior, but down 22.9% from the same day the week before. Below is a daily price chart of Nvidia Corp.

Nvidia Corp Technical Analysis

Notably, Nvidia Corp is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for Nvidia Corp has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard Around the Web

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

    $WDC $MU $AMD $NVDA $TSM Today is an absolute gift for $WDC. Loaded up like crazy. Intel is dragging down anything not named AMD, TSM, or NVDA. Do people not realize the huge beat that Intel's SSD division had? Good thing I'm a long term investor. Days like today are so beautiful for people who know that Western Digital is going to absolutely destroy their earnings report in about a week.