Nvidia Corp (NVDA) Up 2.23%, in an Uptrend Over Past 30 Days; Price Base in Formation Over Past 14 Days

Nvidia Corp Daily Price Recap

Nvidia Corp is up 2.23% ($9.08) since the day prior, marking the 2nd day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 40.18% from the day before — and down 16.92% from the same day the week before. Here is a daily price chart of Nvidia Corp.

NVDA

Nvidia Corp Technical Analysis

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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Nvidia Corp’s price has gone up 8 them.

Overheard Around the Web

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

    $AAPL This morning the key big cap techs are being gifted to those buying… Here's my "hunch" $AAPL will be above $400 within a week or so. $AMZN will soon be above $3300, and $MSFT, the laggard of the three, is ready to rip as they unlock the buyback program again…

    Meanwhile, $NVDA is one sexy beast, about to tear the heart and lungs out of the naysayers and dipS shorts. Some longtimers know I have been saying that since $140… my new PT is $500+ by year end

    emeraldbayrider