NVDA Technical Analysis and GEX Insights
Current Overview
* Price: NVDA is trading at 127.63, recovering from recent lows with significant bullish momentum.
* Trend: The stock is rebounding sharply after a strong sell-off, with potential resistance levels ahead.
* Market Note: Market conditions can shift at the open; adaptability is crucial. Reassess these levels and trends post-market open for alignment with updated momentum.
Technical Analysis
1. Key Levels:
* Support:
* 125.00: Immediate support, also aligned with the HVL.
* 123.00: Critical level near Fibonacci retracement and previous consolidation.
* Resistance:
* 130.00: A significant barrier with visible selling pressure in past price action.
* 133.00–135.00: Upper resistance near a gamma wall and potential rejection zone.
2. Momentum Indicators:
* MACD: Bullish crossover, signaling growing upward momentum but showing a slowing curve.
* Stochastic RSI: Recovering from oversold, with potential to push higher if momentum continues.
3. Volume:
* High trading volumes during the recent rally suggest strong buying interest, supporting further upside if sustained.
4. Trendlines:
* Downtrend resistance near 129–130: A break above this would confirm a short-term reversal.
* Support trendline near 123–124, reinforcing a solid base.
GEX (Gamma Exposure) Insights
1. Gamma Walls:
* Call Walls:
* 130.00: 88.36% of the 2nd Call Wall, acting as key resistance.
* 140.00: 76.73% of the 3rd Call Wall, marking a significant upside target if 130 breaks.
* Put Walls:
* 120.00: Major put support, reflecting downside protection.
* 115.00: Another key level, with strong negative GEX support.
2. IVR and Options Flow:
* IVR: 45, reflecting moderate implied volatility.
* Calls vs. Puts: Calls dominate at 34.7%, indicating a bullish sentiment in options activity.
* GEX Direction: Positive, suggesting a stable to bullish market bias.
Market Direction Scenarios
1. Bullish:
* A breakout above 130 could lead NVDA toward 133–135, supported by gamma exposure and momentum continuation.
2. Bearish:
* Failure to hold 125 may result in a pullback to 120, with 115 as a significant lower support.
Key Notes:
* The market will likely adjust at the open; use these levels as a guide but adapt to real-time price action and volume shifts.
If you’d like an updated analysis after the market opens, feel free to send me a message for a real-time update.
* Price: NVDA is trading at 127.63, recovering from recent lows with significant bullish momentum.
* Trend: The stock is rebounding sharply after a strong sell-off, with potential resistance levels ahead.
* Market Note: Market conditions can shift at the open; adaptability is crucial. Reassess these levels and trends post-market open for alignment with updated momentum.
Technical Analysis
1. Key Levels:
* Support:
* 125.00: Immediate support, also aligned with the HVL.
* 123.00: Critical level near Fibonacci retracement and previous consolidation.
* Resistance:
* 130.00: A significant barrier with visible selling pressure in past price action.
* 133.00–135.00: Upper resistance near a gamma wall and potential rejection zone.
2. Momentum Indicators:
* MACD: Bullish crossover, signaling growing upward momentum but showing a slowing curve.
* Stochastic RSI: Recovering from oversold, with potential to push higher if momentum continues.
3. Volume:
* High trading volumes during the recent rally suggest strong buying interest, supporting further upside if sustained.
4. Trendlines:
* Downtrend resistance near 129–130: A break above this would confirm a short-term reversal.
* Support trendline near 123–124, reinforcing a solid base.
GEX (Gamma Exposure) Insights
1. Gamma Walls:
* Call Walls:
* 130.00: 88.36% of the 2nd Call Wall, acting as key resistance.
* 140.00: 76.73% of the 3rd Call Wall, marking a significant upside target if 130 breaks.
* Put Walls:
* 120.00: Major put support, reflecting downside protection.
* 115.00: Another key level, with strong negative GEX support.
2. IVR and Options Flow:
* IVR: 45, reflecting moderate implied volatility.
* Calls vs. Puts: Calls dominate at 34.7%, indicating a bullish sentiment in options activity.
* GEX Direction: Positive, suggesting a stable to bullish market bias.
Market Direction Scenarios
1. Bullish:
* A breakout above 130 could lead NVDA toward 133–135, supported by gamma exposure and momentum continuation.
2. Bearish:
* Failure to hold 125 may result in a pullback to 120, with 115 as a significant lower support.
Key Notes:
* The market will likely adjust at the open; use these levels as a guide but adapt to real-time price action and volume shifts.
If you’d like an updated analysis after the market opens, feel free to send me a message for a real-time update.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.