The Hourly View for NVDA
Last Updated September 17, 2020, 22:15 GMT
At the moment, NVDA’s price is down $-6.52 (-1.3%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NVDA has now gone up 4 of the past 5 hours. 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 is down 0.41% ($2.04) since the previous day, marking the 2nd day in a row a decline has happened. The change in price came along side change in volume that was up 41.79% from previous day, but down 0.23% from the Wednesday of last week. Below is a daily price chart of Nvidia Corp.
Nvidia Corp Technical Analysis
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 additional context, note that price has gone up 7 out of the past 14 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to NVDA:
This stock should be somewhere around $650 to $750 right now. It’s not only a car 🚗 making company, it’s a tech and also a highly rated innovative company.
Check $TSLA market cap and compare it to companies like $ZOOM and $NVDA.
$TSLA stock price is way very cheap right now.