NVIDIA $NVDA | NVIDIA EARNINGS REPORT Nov. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA EARNINGS REPORT Nov. 20th, 2024
BUY/LONG ZONE (GREEN): $148.75 - $165.00
DO NOT TRADE/DNT ZONE (WHITE): $138.00 - $148.75
SELL/SHORT ZONE (RED): $118.25 - $138.00
Weekly: Bullish
Daily: Bullish
4H: Bullish
NASDAQ:NVDA reports earnings today, these are the areas that I will look for significant price movement at. The market is anticipating around an 8.5% move, roughly an $11.50 move in either direction, based on ATM option prices, or an 11%-12% move, roughly $16.50 move in either direction, based on volatility calculations.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Nvdaearnings
#NVDA: Is price going to hit 200-210? Let's wait and seeDear Traders,
First of all, we are mainly looking at the technical and we make decision on what we see on the chart. That is why in our view, behaviour of the price has shown us that there is possibility of swing buy coming and it can be one of the big buying opportunity/investing opportunity. Please this is no guarantee and do your own research before taking any entries.
NVDA Earnings Outlook:High Premium, Potential Post-Earnings DropNASDAQ:NVDA trades at a premium, with a P/E ratio of 277, towering over the sector median P/E of 25.56 and the S&P 500's P/E of 24.50. Its EV/EBIT is also remarkably high at 207.38 against the sector median of 19.45, signaling significant market sentiment.
The options market's pricing in a potential $50 move,trading well above recommended levels 50-day EMA, suggesting that it might be overbought. While there may be a continued run-up leading to earnings, a post-earnings drop is anticipated. Target levels post-earnings could be $433, $419, and $400. Play the run-up but be cautious to sell the news.
NVDA, Elliot Wave Theory: Analysis and StrategiesNvidia, is expected to present earning results today after market.
As undefined signs in the last days, I decided to make an Elliot wave analysis to check where we are at this point as this stock is long one for me.
I was surprised, scanning Fibonacchi’s on Elliot, that 3rd wave is exended.
No doubt as per fundamentals and innovation that this is a long term growth one. The thing now are its technicals to me, meanwhile we enter in a 4th wave, cost of opportunity is going to take an starring place.
Always taking in a dollars positions. Other countrys where money is not that robust one and or devaluated, shall be the same if your money is in an Elliot 4th wave for a long time or not. Also remember 4th could be not that 0.618 worse point but a 0.382 wich is not bad if your money devaluates less at that point. Then, 5th wave and your devaluation will be double key reasons to stay long.
Back in US dollars, think if you are in and the fourth wave takes place, two strategies come to mind: one is to stay into the 4th wave based on the fundamentals and innovation drivers of this stock, and also accumulate to catch the 5th wave, that well prepared. The the other strategie of these two is just stay out until the 5th takes place if you have a better one to invest, repurchasing when the 5th wave starts, only if you feel good at time management without losing the opportunity cost.
Conclusions> if fundamentals and innovation remain strong, there seems to be no room to lose for this growth investing.
If you are not there and the fourth wave takes place, you will have enough time to buy it.
I hope you like this analysis and it is useful for you.
Invest at your own risk.
NVDA channel.We see a long-term channel (purple lines). It started in 2016. In October 2018, it was broken. Then the "Diamond" model was formed. And the growth began until March 2020. Then the price of April 2020 pushed off from the support of the "diamond" and took a course sharply up to rejoin the old purple trend.
Today we are near the trend resistance, the peak growth is limited to $620-630 and the stabilization in the range of $605-615 at best. In the worst case, close to the day of the report, the price will draw something similar to the "Double Top" model and, breaking through the "neck" level, will go down to the support of the channel - to $525.
$NVDA Option Play | Earnings Continuation?$NVDA Technical Analysis & This Week's Option Play
Will NVDA hit $430?
NVDA Headlines:
Chip stocks in focus, as NVDA surpasses INTC
Nvidia gets Street-high price target on console catalyst
The Play:
- If we can hold this channel support expect to see $430-$435 within the next 2 weeks. We're looking to play the continuation into earnings.
NVDA $435 7/17 @ $300-350 per contract
or
NVDA $435 Call 7/24 @ $750-$800 per contract
If you can afford it, I personally prefer the 7/24 contract.
Do not trade this
DotcomJack