Nvidia Corp (NVDA) Up 1.72%; in an Uptrend Over Past 14 Days

Nvidia Corp 4 Hour Price Update

Updated September 01, 2020 04:34 PM GMT (12:34 PM EST)

In the past four hours of today’s trading session, NVDA’s price is up $17.09 (3.19%). To help put that in perspective, note that Nvidia Corp’s peers in the in the Electronic Equipment industry are up 0.99% on average during this time, while its peers in the broader Technology sector are up by an average of 1.24%.

Nvidia Corp Daily Price Recap

Nvidia Corp is up 1.72% ($9.07) since the day prior, marking the 2nd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 7.83% from the day before — and down 45.98% from the same day the week before. Let’s take a look at the daily price chart of Nvidia Corp.

NVDA

Nvidia Corp Technical Analysis

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 21 out of the past 30 days.

Overheard Around the Web

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

    $AMD has a uphill battle against the $NVDA 3000 series. Their problem…they are competing on two fronts. CPU and GPU. They can only put so much money into either and $NVDA is not slowing down when it comes to R&D.

    Bru_Shrop