NVIDA (NVDA) Closes Prior Hour Up 0.37%; 3 Day Down Streak Broken, Crosses 20 Day Moving Average

The Hourly View for NVDA

Last Updated September 10, 2020, 15:7 GMT

At the moment, NVDA’s price is up $5.76 (1.13%) from the hour prior. NVDA has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend 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

Nvidia Corp’s 3 day negative streak has officially concluded, as the candle from yesterday closed up 6.73% ($32.08). The price move occurred on volume that was down 7.44% from the day prior, but up 35.86% from the same day the week before. Below is a daily price chart of Nvidia Corp.

NVDA

Nvidia Corp Technical Analysis

Moving average crossovers are always interesting, so let’s start there: 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. For another vantage point, consider that Nvidia Corp’s price has gone up 10 of the previous 14 trading days.

Overheard Around the Web

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

    $NVDA Long on NVDA but I don't know what in the hell the people manipulating this market are thinking. On the plus side, I can finally understand why Biden is polling well, I guess.

    Kevin_Malone_