Nvidia Corp (NVDA) Down 1.98%; in an Uptrend Over Past 90 Days

Nvidia Corp 4 Hour Price Update

Updated July 29, 2020 04:32 PM GMT (12:32 PM EST)

In the past four hours of today’s trading session, NVDA’s price is up $9.3 (2.28%). For context, Nvidia Corp’s peers in the in the Electronic Equipment industry are up 1.55% on average in this time, while its counterparts in the broader Technology sector are up by an average of 1.84%.

Nvidia Corp Daily Price Recap

The choppiness in the recent daily price action of Nvidia Corp continues; to start today, it came in at a price of 408.62 US dollars, down 1.98% ($8.24) since the day prior. The price move occurred on volume that was down 5.51% from the day prior, but up 0.46% from the same day the week before. Here is a daily price chart of Nvidia Corp.

NVDA

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 another vantage point, consider that Nvidia Corp’s price has gone up 18 of the previous 30 trading days.

Overheard Around the Web

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

    $TSLA $NVDA $AMD $AAPL $SPY markets is waiting for100% known money-head decision? what changes ? Do they wait for a start-sell signal or what ? what should change at 2 pm? imo there is no "value" information for the fake-market. This bubble will explode from other kind of news.

    roni76