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NVIDIA CORP CEDEAR EAC 24 REP 1(USD)NVIDIA CORP CEDEAR EAC 24 REP 1(USD)NVIDIA CORP CEDEAR EAC 24 REP 1(USD)

NVIDIA CORP CEDEAR EAC 24 REP 1(USD)

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Is NVDA Approaching $97?Nvidia's stock dropped 9.5% on Tuesday, marking the largest single-day market value loss for a U.S. company, as investor enthusiasm for AI cooled amidst a broad market selloff. Nvidia's market capitalization fell by $279 billion, reflecting growing caution around AI's potential, which had driven much of the year's stock market gains. This downturn follows Nvidia's recent quarterly forecast, which didn't meet the high expectations of investors. Concerns about AI's slow payoff have also impacted other tech giants like Microsoft and Alphabet. Despite the market turbulence, Nvidia is still up 118% for the year, though it is now trading at 34 times expected earnings, down from over 40 in June. The chip index is up 14% in 2024, slightly below the S&P 500's 16% gain. Investors remain cautious ahead of the Federal Reserve's upcoming interest rate decision and key labor market data. Technical Overview Recent Price Action: NVDA has experienced a significant sell-off, dropping 9.5% recently, which aligns with the bearish sentiment indicated in your chart. The stock has broken below key support levels, indicating a potential continuation of the downtrend. Volume Profile: The volume profile suggests that there has been a high concentration of trading activity around the $120-$125 range. This area could act as a resistance zone if the stock attempts to bounce back. However, the price has now moved below this area, indicating weakness. Support Levels: Immediate Support: Around $97-$98, where the price may attempt to find a short-term floor. Critical Support: If the stock fails to hold the $97 level, the next significant support is around $90.80. Resistance Levels: Immediate Resistance: At $116.77, which aligns with the recent breakdown level. Stronger Resistance: Around $121.76 and $123.92, where previous trading activity was concentrated. Stochastic Oscillator: The oscillator is showing oversold conditions, which could indicate a potential short-term bounce. However, oversold conditions can persist in a strong downtrend, so this may not be a reliable buy signal just yet. Investor Confidence Investor confidence in NVDA has clearly been shaken, as evidenced by the record one-day drop in market capitalization. The failure to meet lofty expectations in the recent quarterly forecast, combined with broader market concerns about the sustainability of AI-driven gains, has led to increased caution among investors. Intraday and Short-Term Outlook Bearish Bias: Given the sharp decline and the breakdown of key support levels, NVDA may continue to face selling pressure. A bounce back towards the $116-$121 range is possible, but it could struggle to break above this resistance due to weak investor sentiment. Potential for a Bounce: If the stock stabilizes around the $97-$98 level, there could be a short-term opportunity for a bounce. However, this is more likely to be a dead cat bounce unless accompanied by a significant change in market sentiment or positive news. Long-Term Outlook Long-Term Caution: For long-term investors, the recent developments suggest caution. While NVDA remains a leader in AI and semiconductors, the current market conditions and investor skepticism may lead to further downside before a more stable bottom is found. Buying Opportunities: Long-term investors might consider accumulating shares if the stock drops towards the $90-$97 range, but only if they are prepared for potential further declines. The key would be to watch for stabilization and a clear sign of investor confidence returning. Conclusion Near-Term Direction: The immediate direction for NVDA appears to be downward, with potential support around $97-$98 and a possible test of the $90-$91 range if selling pressure continues. Investor Confidence: Confidence has been significantly eroded, and without a catalyst, NVDA may struggle to regain its previous highs in the near term. Trading Strategy: For intraday traders, watch for potential bounces off the $97 level, but be ready to exit quickly if the stock shows signs of further weakness. For long-term investors, consider waiting for clearer signs of a bottom before adding to positions.
NASDAQ:NVDA
by BullBear-Insights
Nvidia - The -60% correction is starting!NASDAQ:NVDA is showing us multiple confluences which will lead to a massive move lower. Be greedy when others are fearful and fearful when others are greedy. But on Nvidia we cannot be fearful yet - so far, the smaller timeframes are still bullish. Everything makes me believe though that we will see a significant move lower soon: Nvidia is retesting massive channel resistance, repeated the previous bullish cycles and is preparing for the next correction cycle! Levels to watch: $120, $50 Keep your long term vision, Philip - BasicTrading
NASDAQ:NVDAShort
by basictradingtv
51
NVIDIA Remains BearishThis doesn't really look good for NVIDIA. The volume profiles in both the larger and the smaller picture look decidedly bearish. To the frustration of the bulls, there is still an untested Implied Fair Value gap (visible in the M5) at around USD 105.20, which “coincidentally” is located at the low of the Value Area of the upward movement since August 5. For this short trade, we are initially waiting for a small retracement in the area of around USD 120.20 in order to optimize our RRR.
NASDAQ:NVDAShort
by Ochlokrat
NVIDIA chart weaknessesThe biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors. NVIDIA is showing a weak RSI in the latest move-ups. It bounced from the 0.382 FIB level, but maybe it needs to find liquidity between the pivot line and again the 0.382 FIB level, somewhere around 90$.
NASDAQ:NVDA
by edgargargar
NVIDIA Corporation (NVDA) Monthly Start Analysis - SeptemberOverall Trend: NVIDIA (NVDA) has been trading within a well-defined upward channel on its daily chart, which has guided the stock's price since late 2022. This channel underscores a strong, long-term uptrend. Moving Averages: Short-Term: The stock is currently consolidating around its short-term moving averages, which have acted as dynamic support. Despite the recent pullback, the bullish structure remains intact. Long-Term: The long-term moving averages (likely the 50, 100, and 200-day) are situated below the current price, reinforcing the upward trend. These averages are aligned in a bullish order, suggesting continued strength in the stock. Pullbacks and Corrections: Recent Pullback: NVIDIA recently experienced a pullback from its recent highs, which is a healthy correction within an overall bull market. This pullback has brought the price toward the middle of the channel, where it appears to be finding support. Technical Indicators: MACD: The MACD indicator is showing a bearish crossover, indicating the potential for continued short-term downside. However, the MACD remains in positive territory, indicating that the broader trend is still positive. RSI: The RSI has corrected from overbought levels and is now in a neutral zone, suggesting that there's still room for the stock to move higher without entering overbought territory again. Recent News Impact: AI and Chip Demand: Recently, NVIDIA has been in the spotlight due to its leadership in the AI space, especially with its GPUs being the backbone of many AI models and data centers. The ongoing demand for AI-driven applications, cloud computing, and machine learning has significantly boosted NVIDIA's revenues and growth outlook. Earnings Reports: NVIDIA's latest earnings report surpassed analyst expectations, driven by the booming demand for AI chips. The company reported record revenues, particularly from its Data Center segment, which saw substantial growth year-over-year. This strong earnings performance has kept investor sentiment high, even amid broader market volatility. Geopolitical Factors: There's been some concern about potential restrictions on chip exports to certain countries, which could impact NVIDIA's future revenue streams. However, the company has managed to mitigate these risks through diversification and expansion into different markets. This has been a factor in the recent volatility and pullback but hasn't significantly dampened the long-term outlook. Product Launches: NVIDIA's continued innovation, particularly with its upcoming product launches in the AI and gaming sectors, is expected to keep the company ahead of the curve. Recent announcements regarding new GPUs and AI tools have been well-received by the market, further bolstering the stock's potential upside. Prediction and Strategy: Short-Term: In the short term, NVDA may continue to consolidate or experience a minor pullback until it finds solid support, possibly near the lower boundary of the upward channel or one of the key moving averages. Any significant news regarding AI advancements or geopolitical developments could cause short-term volatility. Mid to Long-Term: Given the strong fundamentals and positive news flow, the long-term outlook for NVIDIA remains bullish. The ongoing demand for AI chips and data center products, combined with the company's innovative edge, suggests that the stock could continue to perform well. Investors might consider using any dips as buying opportunities, especially if driven by temporary market reactions to news. Conclusion: NVIDIA remains in a strong uptrend, supported by both technical indicators and strong fundamentals. Recent news around AI demand, earnings beats, and new product launches continue to favor the bulls. While short-term volatility may arise from external factors, the long-term outlook is promising. Investors should monitor news flow closely and consider adding to positions on dips within the upward channel.
NASDAQ:NVDALong
by alfredomares2019
4
7 Dimension Comprehensive Analysis FOR NVDAThis analysis focuses on a potential trade setup using the 7-Dimension Analysis approach on the Daily (D1) timeframe, with an additional H1 timeframe consideration for a counter-trade. Below is the detailed breakdown: 😇 7 Dimension Analysis Time Frame: Daily (D1) Swing Structure: The overall structure is bullish, with the market having taken inducement and currently moving toward completing its corrective swing move. The corrective move is nearing its extreme levels, with one pullback already completed and a proper bearish internal structure observed. An Extreme Order Block (OB) is marked as the Point of Interest (POI) right at the discounted zone of the swing, around the 80% Fibonacci level. This area also aligns with a prior demand zone where the last impulsive move started, making it a strong area of interest for a potential buy entry. Pattern: 🟢 Chart Patterns: A reversal pattern in the form of a Rounding Pattern is forming, with a higher low (HL) internal leg that could lead this swing further down before it potentially reverses. 🟢 Candle Patterns: After a Tower Top, the candlesticks have broken out to the downside in a narrow range, accompanied by gaps and momentum. The breakout was followed up by an engulfing candle, with a Dark Cloud Cover pattern in play, signaling strong bearish control in the market at this point. Volume: 🟢 Despite the corrective move, there hasn't been a drastic decrease in volume, suggesting that this move is still part of a corrective phase. This implies that a significant buying opportunity may present itself at the POI. Momentum RSI: 🟢 The momentum has shifted into a sideways zone after a long rally, with a range shift having occurred. However, according to Andrew Cardwell’s RSI analysis (Grandfather-Father-Son module), the overall market sentiment remains extremely bullish, indicating that this down move could just be a correction, and buying at the POI would be advisable. Volatility Bollinger Bands: 🟢 After an expansion phase, the market may take some time to cool down, so it's not surprising if the price enters a sideways or corrective range for some time at these levels. Strength ADX: The ADX also suggests that this is merely a corrective move, with a strong potential for continuation of the previous bullish trend after the correction. Rating: ⭐⭐⭐⭐ (4 Stars) Probability: 80% This setup has a high probability, with strong indications that the corrective move will provide a buying opportunity at the identified POI. Planned Entries: Counter Trade Entry (Sell): ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ POI: Counter Trade Gap Down 💡 Decision: Sell Limit 🚀 Entry: 114.41 ✋ Stop Loss: 120.1 🎯 Take Profit: 86.5 😊 Risk to Reward Ratio: 5RR 🕛 Expected Duration: 20 days Main Trade Entry (Buy): ✔️ Entry Time Frame: Daily (D1) ✅ Entry TF Structure: Bullish ☑️ POI: Extreme POI 💡 Decision: Buy Limit 🚀 Entry: 87 ✋ Stop Loss: 74 🎯 Take Profit: 180 😊 Risk to Reward Ratio: 7RR 🕛 Expected Duration: 60 to 180 Days SUMMARY: The analysis suggests a dual approach—first, a short-term counter-trade sell position based on the H1 structure with a favorable risk-to-reward ratio, followed by a long-term buy position in line with the bullish daily structure. The corrective phase in the daily timeframe is expected to present a strong buying opportunity at the identified POI, with a highly probable chance of significant upside thereafter. The two trade setups provide different time horizons and risk profiles, catering to both short-term traders and longer-term investors.
NASDAQ:NVDALong
by Optimum369
If NVDA falls, How far will it Retrace?? - NVDAHere I have NVDA on the 4 Hr Chart! Price on NVDA is showing exhaustion in the $126.83 - $133.75 Range, just shy of the Previous Highs in June & July. This Range is based off the Beginning of what seems to be an Elliot Correction Wave from the Lower Low @ $90.69 followed by our High (Point A) @ $108.8 then our Higher Low (Violation of Structure - Point B) @ $97.53. Confirmation of Wave comes once Price Broke Point A to Push Higher to Point C where it stalls now! Now, using the Fibonacci Retracement Tool, we can see that if $130 stands to be our new Higher High, price should be looking to make a Higher Low by Retracing to the Fib Entry Zone between $119.19 - $113.77! -Once Price confirms the Correction Wave, we see the RSI cross Above 50 -Price is now trading Above 200 EMA *AREA OF CAUTION* -Price created quite a Price Gap between $110 - $112 so we could possibly see price make a another 38.2% retracement to Fill The Gap before moving Higher!! Earnings & Revenue Due Wednesday Aug. 28th.
NASDAQ:NVDALong
by Novi_Fibonacci
4
NVDA is just getting started. NASDAQ:NVDA NVDA has been making headlines recently, with a significant bounce off support in the mid-90s and a successful breach of both the 100 and 50-day moving averages. This technical bullishness was further reinforced by the strong demand and growing penetration of AI into various markets. However, the post-earnings retreat below the 50-day moving average has introduced a layer of uncertainty. While the overall technical picture remains positive, a closer look at the chart reveals an unfilled gap in the $109-$113 range. This gap represents a potential area of resistance that could hinder further upside momentum. Filling the Gap and Reaching New Heights If NVDA can successfully fill this gap, it could open the door for a more sustained upward trajectory. The stock's strong fundamentals, driven by the growing demand for AI and data center solutions, provide a solid foundation for continued price appreciation. NVDA has recently broken above the upper resistance of a negative channel, but was unable to find support at these levels. Watch for this resistance to be broken again and serve as support for further upward movement.
NASDAQ:NVDALong
by Average_Joe_Options
NVDA Outlook💹 Stocks: 📈 Bullish Outlook: NVIDIA has been breaking into new highs on our Weekly, Daily, and 4hr time frame. Context time frame (1W): Price has been surfing above the 10ema and is showing strength. Context time frame (1W): Price has brokedown into the 10ema and has showed a valid pulllback. Validation time frame (1D): Price is showing strength and surfing above the 10/50/200 EMAs Validation time frame (1D): Price has brokedown into the 10ema and has showed a valid pulllback. Entry time frame (4hr): Price has brokedown into the 10ema and has showed a valid pulllback. Entry time frame (4hr): I'm interested in longs if price can get above the 10ema and start showing strength. Keeping an eye on this. 👁️
NASDAQ:NVDALong
by angelvalentinx
NVDA | Earnings vs The Chart —Fundamentals vs Technical AnalysisGood morning, happy labor day for those in the US. I guess most people reading this are in the US. We have this situation, we have "the earnings" and "the chart." This is the great fight that has been going on for decades when it comes to approaching the markets. What's the best approach to the market; using which tool. ➖ Fundamentals (FA) vs technical analysis (TA). I am of the TA group but please read, this might make sense even to you. ➢ The chart (TA) is saying down while the earnings (FA) are saying up. The reason why you see this and other stocks go up each time is because we are in a bull-market. You see the release of the CPI, the earnings and everything else and each time the stock valuation tend to rise. The stock is not rising because of positive news, company growth or favorable fundamentals, the stock is rising because we are in a bull-market. Everything has been rising for years. You can confirm this by looking around. We are in a fiat bubble bull-market but the bull-market is of course real. Now, the bull-market doesn't last forever. There are periods when the sentiment changes and we enter a bear-market. When we are in a bear-market the stock valuations will drop regardless of the news. Short-term there can always be fluctuations and volatility when "the earnings" are released, but long-term the stock will follow the market trend. If the CPI, the earnings and the rest are bearish or bullish this will be of no consequence to the stock. If we are in a bear-market it is going to drop. That's why you can see bad CPI numbers yet valuations grow. That's why you can see negative fundamentals and yet, everything grows. The chart is saying down while the earnings are saying up. Let's say we reached the end of the bull-market, therefore we are entering a bear-market. You can have good earnings, good CPI, cut rates and all the rest and yet prices drop. The only way to know if we are in a bull or bear market is by looking at a chart. Namaste.
NASDAQ:NVDAShort
by AlanSantana
7
NVIDIA Technical Analysis And Forecast For This WeekNVIDIA Technical Analysis And Forecast For This Week NVIDIA has recently experienced a pullback following a less-than-optimistic forecast for the upcoming quarter, which fell short of investors' expectations. This disappointment has prompted a wave of shorting by several shareholders, adding downward pressure to the stock. However, based on my technical analysis, I believe NVIDIA is poised for a potential rebound from its current price levels this week. Key indicators suggest that the recent dip may have been overextended, and we could see a recovery as market sentiment stabilizes. Keep an eye on support levels and any bullish signals that could indicate a reversal in the near term.
NASDAQ:NVDALong
by ForexClinik