Nvidia Corp (NVDA) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Nvidia Corp 4 Hour Price Update

Updated July 31, 2020 04:25 PM GMT (12:25 PM EST)

In the past four hours of today’s trading session, NVDA’s price is down $-1.1 (-0.26%). To help put that in perspective, note that Nvidia Corp’s peers in the in the Electronic Equipment industry are down -0.96% on average during this time, while its counterparts in the broader Technology sector are down by an average of -0.18%.

Nvidia Corp Daily Price Recap

Nvidia Corp is up 1.42% ($5.94) since yesterday, marking the 2nd day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 7.33% from the previous day (Wednesday), and up 9.31% from Thursday of the week before. The daily price chart of Nvidia Corp below illustrates.

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. 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 19 out of the past 30 days.

Overheard Around the Web

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

    $NVDA Nvidia Reportedly in Talks to Buy Arm From SoftBank for Over 32B — Barrons.com

    7/31/20, 8:29 AM
    There's growing chatter that the graphics chip giant Nvidia is taking a serious run at buying the U.K.-based semiconductor design company Arm Holdings from SoftBank Group, which had acquired Arm in 2016 for $32 billion.

    Both the Financial Times and Bloomberg are reporting that the two companies are in talks about a deal that would bring SoftBank (ticker: 9984.Japan) more than its original purchase price for the company. Earlier this month, there were multiple reports that SoftBank was considering a sale or initial public offering for Arm, and there is reason to believe that an IPO could value the company north of $40 billion. This is the second round of reports suggesting Nvidia (NVDA) might be a buyer, and the new reports don't add much detail.

    Jemi