NVIDA what next..!
The chart displays NVIDIA (NVDA) stock on a daily interval with several indicators and clear support and resistance levels. Here is a detailed technical analysis:
1. Support and Resistance Levels:
Nearest Resistance Level: $150 (above the closing price).
Key Support Levels:
$140.75 (immediate support level).
$130.62 (secondary support level).
$127.21 (critical support level for the medium term).
2. Ascending Channel:
The chart shows movement within a clear ascending channel, with the stock nearing the lower boundary of the channel.
A drop below the lower support line of the channel (around $140) could indicate a trend reversal.
3. Indicators:
Moving Averages:
The 50-period moving average (green) is above the closing price, supporting the continuation of the uptrend.
The 150-period moving average (dark green) is far below the current price, indicating strong long-term support.
CCI (14):
The current value is -2.96, indicating a nearly neutral state but slightly leaning bearish.
Volume:
Higher-than-average volume on the last day suggests significant selling pressure.
4. Candlestick Analysis:
The last candlestick is a large red bearish candle, reflecting a strong daily bearish sentiment.
The candlestick formation shows bearish pressure but is close to a significant support level.
5. Risk Assessment:
The risk level is moderate since the stock is near a clear support level but experiencing strong selling pressure.
Position Recommendation:
Entry: Around $140.75 (near the immediate support level).
Stop-Loss: Below $138 (approximately 2% below the entry point).
Profit Target: $147 (around a 5% increase from the entry point).
Summary:
The stock's trend over the past two weeks is bullish, but the last day indicates a potential correction.
It is recommended to monitor the price reaction near the $140.75 level and evaluate the strength of the support.
Disclaimer:
This analysis is for educational purposes only and does not constitute a recommendation to buy or sell any financial instrument. Please conduct your own research or consult with a financial advisor before making any investment decisions.
1. Support and Resistance Levels:
Nearest Resistance Level: $150 (above the closing price).
Key Support Levels:
$140.75 (immediate support level).
$130.62 (secondary support level).
$127.21 (critical support level for the medium term).
2. Ascending Channel:
The chart shows movement within a clear ascending channel, with the stock nearing the lower boundary of the channel.
A drop below the lower support line of the channel (around $140) could indicate a trend reversal.
3. Indicators:
Moving Averages:
The 50-period moving average (green) is above the closing price, supporting the continuation of the uptrend.
The 150-period moving average (dark green) is far below the current price, indicating strong long-term support.
CCI (14):
The current value is -2.96, indicating a nearly neutral state but slightly leaning bearish.
Volume:
Higher-than-average volume on the last day suggests significant selling pressure.
4. Candlestick Analysis:
The last candlestick is a large red bearish candle, reflecting a strong daily bearish sentiment.
The candlestick formation shows bearish pressure but is close to a significant support level.
5. Risk Assessment:
The risk level is moderate since the stock is near a clear support level but experiencing strong selling pressure.
Position Recommendation:
Entry: Around $140.75 (near the immediate support level).
Stop-Loss: Below $138 (approximately 2% below the entry point).
Profit Target: $147 (around a 5% increase from the entry point).
Summary:
The stock's trend over the past two weeks is bullish, but the last day indicates a potential correction.
It is recommended to monitor the price reaction near the $140.75 level and evaluate the strength of the support.
Disclaimer:
This analysis is for educational purposes only and does not constitute a recommendation to buy or sell any financial instrument. Please conduct your own research or consult with a financial advisor before making any investment decisions.
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.