NVIDA (NVDA) Price Near $498.55; 2 Day Up Streak Ended, in an Uptrend Over Past 90 Days, Crosses 20 Day Moving Average

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.

NVDA

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:

    $TSLA

    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.

    WallstreetTips