NVDA long $176.6-$178.0NASDAQ:NVDA finishes it's 3rd wave.
Price target is between $176.6 and $178.0
4NVDA trade ideas
Short NVDA?I took a short out on Monday against NVDA. Almost got stopped out yet still there for now!
The reason for the short was :-
1. MACD diverging on the weekly and Daily Time frames
2. Last earnings release the stock started to roll over the week prior and continued down even with Beats.
With the above in mind, I will be holding my position until post-earnings. if its bearish ill keep holding!
Trade Safe.
Nvidia Reports Earnings Next Week. What Does Its Chart Say?More than 90% of S&P 500 stocks have already reported quarterly earnings, but tech giant Nvidia NASDAQ:NVDA is set to release results next week. Let's see what NVDA's technical and fundamental analysis says heading into its fiscal Q3 earnings report next Wednesday (Nov. 20) after the bell.
Nvidia's Fundamental Analysis
As I write this on Tuesday (Nov. 12), the Street is looking Nvidia to report $0.74 in adjusted earnings per share on nearly $33 billion of revenue. That would amount to 100% earnings growth and 82.3% in revenue gains year over year.
But as incredible as such gains would seem, that would actually represent a deceleration of growth for Nvidia -- probably due to the simple laws of scale. CEO Jensen Huang has said that demand for Nvidia's products remains "over-subscribed," but large year-over-year gains are impossible to match forever.
Nvidia saw 152% in year-over-year earnings growth in its fiscal Q2 after four successive quarters of 440% or more in annual gains. Revenue growth likewise fell to "only" 122% year on year in fiscal Q2 after three successive quarters of 206% or more in annual gains.
In fact, of the 36 sell-side analysts that I've found who cover NVDA, 31 have revised their earnings estimates higher since the current quarter began. (The remaining five revised their forecasts lower.)
Looking at Nvidia's fiscal Q2 financials, the company had $48.7 billion of trailing-twelve-month operating cash flow as of July 28. That included $1.9 billion of capex (capital expenditures), leaving $46.8 billion of free cash flow.
The firm used $26.4 billion of that free cash to repurchase common stock, plus another $540 million for dividends to shareholders.
All in, Nvidia had a $34.8 billion cash position as of July 28, as well as $59.6 billion of current assets. Current liabilities added up to $14 billion, making for a seemingly robust 4.27 current ratio.
The company had no short-term debt on its books, while total assets amounted to $85.2 billion (of which goodwill and other intangibles only made up a seemingly conservative 6.5%).
Meanwhile, total liabilities less equity came in at $27.1 billion, including $8.5 billion of long-term debt. Nvidia could have paid that out of pocket more than four times over out of its available cash.
Nvidia's Technical Analysis
Here's NVDA's chart as of Nov. 12 going back roughly one year:
Readers will see that the stock rallied from late October 2023 to June 2024, as denoted by the green and red vertical lines above.
If we apply a Fibonacci model (the shaded-blue above), we can see that Nvidia found support at about $90 -- its 50% retracement level -- in very early August.
Next, going back to the start of the Fibonacci model and applying an Andrews' Pitchfork model (the purple line above) shows that NVDA has developed a tight pattern since leaving its Fibonacci period in August.
But heading into next week's earnings report, NVDA is threatening to take the Pitchfork's upper trendline (the black line at the chart's upper right). The upper trendline serves as Nvidia's moving pivot, which the above chart projects will stand at about $155 by Nov. 20.
Meanwhile, readers will see that Nvidia's Relative Strength Index (the gray line at the above chart's top) looks strong, but not overbought.
The stock's daily Moving Average Converge Divergence indicator (or "MACD," denoted by black and gold lines and blue bars at the chart's bottom) appears ever-so-slightly bullish as well.
Of the MACD's three components, the 12-day Exponential Moving Average (or "EMA," denoted by the black line at the bottom of the chart) is above the 26-day EMA (the gold line). At the same time, the histogram of the 9-day EMA (the blue bars at the bottom) is just above zero. All of that represents an historically bullish signal, although not an overwhelming one.
The Bottom Line
Add all of the above up and Nvidia looks about as fundamentally sound as a firm could be. Projected demand for its products also looks intense enough for the firm to keep growing sales and perhaps even margin.
What the stock does next week will likely depend on the guidance provided and how well the company's analyst conference call goes.
True, NVDA looks expensive at 37x forward earnings, but it's pretty much always been on the expensive side. The stock's forward price-to-earnings ratio is actually down from 44x this past summer and 63x the summer prior to that.
(Moomoo Markets Commentator Stephen "Sarge" Guilfoyle was long NVDA as of the time of writing this column.)
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LOOKS STRONG RESISTANCE NVIDIA facing strong resistance at 149 if it will break the resistance then this will try to catch 156-157,But there is a one more possibility to come down because here i shown a GAP which shouid be filled by market to go up.
NVDA Approaching Key Levels: Trade Setup and Analysis for Nov.15Trading Plan and Technical Analysis for NVDA
Overview
NVIDIA Corporation (NVDA) has shown a mix of bullish and bearish signals recently, with price action hovering near important support and resistance levels. Here’s a breakdown of the setup, including supply and demand zones, order blocks, and suggested entries and exits for both scalping and swing trading.
Key Levels
Support Zones:
$144.77: Immediate support level. If NVDA holds above this, it may provide a base for potential upward movement.
$143.35: A critical support level. A break below this could signal further downside momentum.
Resistance Zones:
$146.32 - $146.50: This range is acting as near-term resistance. A breakout above this area with strong volume could lead to further upside.
$149.61 - $149.95: This is a significant resistance zone near recent highs. It would be the next target if NVDA manages to hold above $146.50.
Price Action & Supply/Demand Zones
Demand Zone: Between $143.35 and $144.77, where NVDA has previously shown buying interest. If the price revisits this area, look for a potential bounce, especially if volume confirms support.
Supply Zone: The area around $146.32 - $146.50 may encounter selling pressure, as NVDA has struggled to break above this level recently.
Order Blocks & Market Structure
Bullish Order Block: Near $144.77, where buyers have previously stepped in to defend support. Watch for a bounce from this level if NVDA revisits it with buying interest.
Bearish Order Block: Around $146.32 - $146.50, where sellers have been active. A breakout above this zone could indicate a short-term reversal to the upside.
Entry & Exit Suggestions
Scalping Entry: Look to enter around $144.77 on a bounce, targeting quick exits near $146. Set a tight stop below $144 to manage risk.
Swing Trade Entry: Consider entering near $143.35 if NVDA shows signs of support here, with a potential upside target toward $149.61. A stop-loss below $143 is recommended to protect against further downside.
Directional Outlook
Bullish Scenario: If NVDA holds above $144.77 and breaks through $146.50, we could see a push toward the upper resistance zone around $149.61.
Bearish Scenario: A break below $144.77 may lead to testing the key support at $143.35. If this fails, there could be more downside momentum.
Thoughts and Suggestions
For scalpers, the immediate range between $144.77 and $146 provides quick trade opportunities.
Swing traders should watch for a confirmation above or below these levels before committing to a direction. Volume and price action will be critical indicators for the next move.
Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making trading decisions.
Nvidia Drop Into Discount Prior To Earnings? NASDAQ:NVDA
Chart Image (4h):
Leading up to earnings announcements, Nvidia has historically shown a tendency to pull back into a discount zone before resuming its bullish momentum post-earnings. This pattern aligns with liquidity-seeking behavior, where price often revisits lower levels, potentially reaching fair value gaps (FVGs) or Fibonacci-identified discounts, before significant events like earnings. This pre-earnings drop creates attractive entry points, allowing traders to position themselves ahead of anticipated positive earnings reactions.
The current price action shows a similar setup, with a consolidation range forming around fair value gaps and a discount area, which may signal another pre-earnings dip. This setup could allow institutional traders and market participants to maximize positioning for potential upside, particularly given Nvidia’s promising fundamentals. These include record-breaking demand for the company’s new Blackwell AI architecture and strong growth prospects tied to the expanding AI chip market.
Should Nvidia continue its pattern of dipping before earnings, traders might have a favorable setup, especially as any positive updates regarding production ramp-ups or demand for Blackwell could drive the stock higher after the report. Let me know if you’d like to explore this setup further or discuss additional technical aspects!
Breakout Trade Idea -- NVIDIA Corporation (NVDA)NVDA is nearing a crucial resistance level, highlighted by the ascending channel pattern on the chart. A breakout above the current consolidation area could signal a continuation of the upward trend, with room to move higher within the channel. Watching momentum indicators and how the stock interacts with the upper Bollinger Band and moving averages will be key to confirming a potential breakout.
NVDA Nears Key Levels: Amid Consolidation. TA for Nov. 14NVIDIA Corporation (NVDA) is experiencing a period of consolidation, trading between well-defined support and resistance levels. Let’s break down the key zones, price action, MACD, volume insights, and potential setups for scalping and swing trades.
Market Structure Overview:
NVDA is consolidating after a recent rally, indicating that buyers and sellers are in a standoff. This period of low volatility could lead to a breakout or breakdown, depending on volume and momentum. The stock is positioned close to a critical support level, with resistance nearby, making this a pivotal moment.
Key Zones:
Demand Zone (Support): $143.41 - $144.00
NVDA has held support in this area, making it a solid demand zone. If price revisits this range and bounces, it could provide a potential entry for long positions.
Supply Zone (Resistance): $149.95 - $151.00
This level represents the upper boundary of the recent range and serves as immediate resistance. A breakout above this level could lead to a bullish continuation toward higher targets.
Order Block Insight:
An order block has formed around $146-$147, where there has been significant trading activity. This level acts as a midpoint, with reactions here providing clues about short-term direction. Watching price movement in this area can offer scalping opportunities, especially for traders looking to play the range.
Support & Resistance with Entry, Exit, and Stop Suggestions:
Immediate Support: $144
Long Entry: Near $144 if there is a bounce, targeting exits around $146 and $149.
Stop-Loss: Below $143 to manage risk in case of a breakdown.
Immediate Resistance: $149
Short Entry: Around $149 if there’s resistance, targeting $147 and $144.
Stop-Loss: Above $151 to limit potential upside risk.
Swing Trade Setup:
Swing Long: Above $151, with targets at $155 and $160 if momentum supports the move.
Stop-Loss: Below $149 to control risk if the breakout fails.
Swing Short: Below $143, aiming for $140 as the next support level.
Stop-Loss: Above $144 to manage risk if NVDA reverses.
Price Action Insights:
NVDA’s price action shows a tightening range with higher lows and lower highs, indicating indecision in the market. The price is moving within a consolidation zone, and a breakout or breakdown could provide directional cues. The recent price action suggests that buyers are defending the $144 area, but sellers are stepping in at $149.
MACD and Volume Analysis:
MACD: The MACD has shown a bearish crossover, reflecting a slowing momentum. The histogram is slightly negative, indicating weak buying pressure. This bearish bias may continue unless NVDA breaks above $149 with strong volume.
Volume: Volume has been relatively stable, with no significant spikes. A breakout move would ideally be accompanied by higher volume to confirm a shift in momentum. Watch for volume increase near key levels for signs of potential breakouts or breakdowns.
Scalping & Swing Outlook:
Scalping: Look for quick entries around $144 for long scalps if support holds, with exits near $146 and $149. For short scalps, consider entries around $149, targeting $147 or lower. Use tight stops due to NVDA’s choppy price action in this range.
Swing: A confirmed breakout above $151 could favor swing longs, aiming for a higher price target. Alternatively, a break below $143 could open the door for a swing short.
Directional Thoughts & Suggestions:
Given NVDA’s consolidation near key levels, I lean toward a bearish outlook if it fails to break above $149 and maintains low volume. My suggestion is to watch for a potential breakdown below $143, targeting $140 or lower. However, if NVDA can clear $151 on strong volume, it could signal a bullish continuation, targeting $155 and higher.
Conclusion:
NVDA is at a critical juncture, with clear support and resistance levels providing actionable opportunities. The setup suggests staying alert for a breakout or breakdown. Tight stops and disciplined entries are key, especially for scalpers. Swing traders should wait for confirmed moves to capture the next significant trend.
Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research and consult with a financial advisor. Trading involves risks, and past performance does not guarantee future results.
NVIDIA LOSE ITS MOMENTUM?From my point of view, the upward movement of NVDA has lost its momentum, it will not sustain for longer period and i believe the correction could happen anytime soon (this is weekly chart, so time frame probably in 1-3 weeks).
Sell on Strength for NVDA, SL above the top.
Good R:R trade!
CHEERRRSS!!!
NVIDIA (NVDA): Targeting $166 amid AI momentumNVIDIA continues to dominate the AI and computing landscape, with a significant development in Japan: SoftBank’s telecom unit will soon receive Nvidia’s advanced Blackwell chip design for its supercomputers. The upcoming earnings report on November 20 is critical in sustaining NVIDIA’s exceptional growth trajectory.
CEO Jensen Huang’s company has projected third-quarter revenue of approximately $32.5 billion, propelled by substantial demand for Hopper and Blackwell GPUs. These GPUs are crucial for strengthening NVIDIA’s data center segment, which currently operates with an impressive 68% margin. Priced between $30,000 and $40,000, Blackwell chips are already seeing high demand, with production scaling in Q4 2024.
From a technical perspective, NASDAQ:NVDA still has room to grow, with a targeted area of $166 or higher in the short term. We are closely monitoring the stock for either a move into this target or a shift in market structure that could change the outlook.
Stay tuned for updates as we approach the earnings call and as NVIDIA continues to set new milestones in the tech space.
Nvidia (NVDA) Shares Consolidating Below $150Nvidia (NVDA) Shares Consolidating Below $150
On October 22, while analysing Nvidia (NVDA) stock charts, we noted:
→ The stock had reached the $140 level;
→ A long-term ascending channel (shown in blue) was mapped;
→ Potential for price growth along the Quarter Line was suggested, dividing the lower half of the channel.
Bullish sentiment remains around Nvidia, one of the leading stocks of 2024, with the price now just below the $150 psychological mark about 29 days later. Nvidia’s technical analysis reveals that:
→ Price fluctuations are narrowing, forming a tightening triangle (illustrated with black lines), which may suggest consolidation as bulls hesitate before challenging a significant level;
→ Meanwhile, bears appear unable to gain momentum, as attempts to push prices down on wider candles (highlighted with red arrows) have not succeeded in setting a continued downtrend.
This indicates a balanced situation between demand and supply, with a slight edge for buyers. The sustainability of this buyer advantage will be tested if there’s an attempt to break above $150.
According to TipRanks:
→ 32 out of 42 analysts recommend buying NVDA stock;
→ The average price target for NVDA over the next 12 months is $157.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NVDA short: Nearing peakFirstly, apologies for the audio. I am using a new setup and it seems like somehow the microphone suddenly goes lower volume.
In this video, I discussed about the wave structure that forms in NVDA for the last wave and it seems to me that it is going to be a weak sub-wave 5 because sub-wave 4 retraces to the top of sub-wave 1. My preferred target is $150.03, but my bias expects undershooting of the target.
Good luck!
$NVDA decent consolidation.NASDAQ:NVDA had decent consolidation under the major resistance. Above 148.75 level with good volume should fly and could take markets upside. But I would be careful as break of 146.50 could bring us all the way down to $144, $142 and gap close till 140 level.
chip stocks still shocked but uptrend intactid still not short this stock and look to buy higher lows in this and other semiconductor names. the tech rally and ai boost have really made a lasting impact on this stock. if we remain above the marked out levels or break out to new highs id shoot for above $152 soon.
NVDA: Potential Breakout or Breakdown? Key Levels and Patterns 📌 Overview
NVIDIA (NVDA) has been consolidating over the past few sessions, as shown on the 1-hour chart. With a mix of bullish and bearish signals, the stock could be gearing up for a potential breakout or breakdown. Let’s analyze the key levels, patterns, and indicators to understand the possible next moves.
📊 Multi-Timeframe Analysis
Higher Timeframe Context (Daily/Weekly): NVIDIA has experienced significant upward momentum over recent months, driven by interest in AI and semiconductor stocks. However, in the shorter term, the price seems to be stalling, possibly forming a consolidation phase before the next move.
1-Hour Analysis (Chart Focus): On the 1-hour timeframe, NVDA appears to be forming a symmetrical triangle or descending triangle, with lower highs and a horizontal support level. This pattern could indicate indecision in the market, with both buyers and sellers vying for control.
📉 Key Levels
Resistance Levels:
$149.95: A key resistance level seen on the chart, indicating the most recent high. A breakout above this level could signal further bullish momentum.
$148.86: The ask price level, slightly below $149.95, which could act as immediate resistance before testing the upper level.
Support Levels:
$143.69: A crucial support level in this range. If price breaks below this level, it may indicate a bearish move toward lower support zones.
Trendline Support: The descending trendline suggests decreasing highs, and a failure to hold support here may lead to further downside.
🔄 Indicators
Moving Averages:
The chart shows a combination of moving averages, likely the 15 EMA (yellow line) and 161
EMA (purple line). The 15 EMA is acting as dynamic resistance near the upper trendline, indicating a strong resistance point.
MACD:
The MACD indicator appears to be nearing a potential bearish crossover. This could suggest that momentum is fading, which aligns with the possibility of a breakdown if support levels do not hold.
Volume:
Noticeably decreasing volume during the consolidation phase. This pattern could indicate a potential breakout soon, as volume often contracts before a decisive move.
🛠 Trade Setup
Bullish Scenario:
A breakout above the $149.95 level, confirmed by a 1-hour close above this level with increasing volume, could indicate bullish momentum. In this scenario, targets would be $152 and potentially higher.
Bearish Scenario:
A breakdown below $143.69, confirmed by high volume, may suggest further downside. Look for possible targets around $140 or even lower, depending on broader market conditions.
⚠️ Risk Management
Stop-Loss: Place a stop-loss slightly below the recent swing low or just below $143.69 to protect against a false breakout/breakdown.
Position Sizing: Ensure that your position size aligns with your risk tolerance, as volatile moves can happen around these levels.
📚 Key Takeaways
NVIDIA is currently in a consolidation phase, forming a triangle pattern on the 1-hour chart.
A breakout above $149.95 could trigger bullish momentum, while a breakdown below $143.69 may signal bearish continuation.
Watch for volume spikes to confirm any move, and consider using the moving averages and MACD for additional entry/exit signals.
💬 Conclusion
This technical setup on NVIDIA provides an interesting opportunity to catch a potential breakout or breakdown. Keep an eye on volume and key price levels for confirmation. Remember, always manage your risk, and trade within your limits.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research or consult with a financial advisor before making trading decisions.
Using a Hanging man candlewww.tradingview.com If you are knowledgeable about Candle patterns, you would know what a hanging man candle is. As defined by Steve Nison, it is a candle with small real body with a long lower shadow that is at least 2x the height of the real body, and MUST follow or be in an uptrend. A hanging man candle can be considered a potential bearish reversal if and only if there is bearish confirmation immediately following the hanging man candle itself.
But, a bullish continuation candle immediately following the hanging man, can be a powerful bullish momentum signal.
So, since we are hitting many highs in the markets, we here at Candlecharts.com use hangingman candles to see if we are getting a reversal, or continuation.
So, since this has been working well, we continue to use Nison Candle Scanner to scan for these hanging man candles in multiple markets: www.candlecharts.com
Nvidia breakout Nvidia is a great company, but its AI product is a pure luck in a vacuum of competitors, with a list of flaws such as unexpected chip delays, high-energy consumption and a need for intensive cooling.
Here is how I see the future of the Nvidia stock.
NVDA - Head and shoulder The recent news of a 7nm AI chip dispute with China may add to the potential bearish momentum if the head and shoulders pattern in NVDA completes. Restrictions on exports and AI chip sales could impact NVIDIA's revenue from China, one of its key markets, and increase uncertainty around growth expectations. If investors perceive regulatory issues as a longer-term risk, the stock could face additional pressure, reinforcing any technical downtrend signals.
The pattern might align with a broader market response to geopolitical tension, so staying updated on policy shifts could be key here.
NVIDIA shooting up- Trump Presidency favouring to upside to $200Markets are loving the election results so far.
And it looks like it's been pricing in upside and a rally for some time now. Starting in Early October.
So, technically AI stocks are showing all time highs on it's way with the markets.
First the price broke above the W Formation (Breakout pattern)
Second, Price> 20 and 200
Third, any American company that is in Crypto or AI has the upper hand for investors right now with Trumps idea of keeping everything American by increasing tariffs worldwide (especially in China of over 60%).
He is inviting more local manufuacturers and businesses to excel within America.
So target for Nvidia will be set first to $200
NVIDIA is Poised to Reach $200NVIDIA is Poised to Reach $200
NVIDIA finally broke through its all-time high, which was reached on June 20, 2024, at $140.50.
For about 110 days, the price has been developing a larger triangle pattern, accumulating bullish momentum.
So far we have a clear bullish breakout and the price seems poised to reach $200.
However, the first reasonable target I am looking at is near to $170.
We should analyze it again later as long as the price is developing.
You may watch the analysis for further details!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NVDA Update Are We heading to 152 ? Update on NVDA
It appears based on what I am currently see that we are heading up from here so please be mindful if you are making a trade on NVDA
Trade What You See
Mindbloome Trading/ Kris
Elliott Wave View Expects NVDA (Nvidia)To Extend HigherShort Term Elliott Wave View in NVDA (Nvidia) suggests further upside in daily bullish sequence. It is trading in bullish weekly sequence at all time high and expect continuation against August-2024 low. In 4-Hour, it placed (1) at $131.26 high and (2) correction at $100.95 low. Above there, it favors upside in (3) of impulse sequence. It placed 1 of (3) at $120.79 high, 2 at $112.78 low, 3 at $144.50 high and 4 at $132.11 low. Currently, it favors upside in 5 of (3) from 31-October low and expect one more push higher to finish it, while dips remain above $143.57 low.
Above $132.11 low, it placed ((i)) of 5 at $139.99 high, ((ii)) at $135.35 low, ((iii)) at $149.95 high and ((iv)) at 143.57 low as double correction. Within ((iv)), it placed (w) at $146.26 low, (x) at $148.85 high and (y) as ((iv)) ended at $143.57 low. Above ((iv)) low, it favors pullback in (ii), while placed (i) at $146.49 high and expect continuation in ((v)), which confirm above $149.95 high. It expects ((v)) to extend towards $151.47 – $153.90 area as minimum extension to finish (3) started from 6-September low. Alternatively, if it breaks below $143.57 low, it should extend ((iv)) before resuming higher in ((v)) to finish (3). Later, it should pullback in (4) in 3, 7 or 11 swings sequence and buyers expect to enter again from extreme areas to resume daily bullish sequence. Alternatively, if it extends higher and erase the momentum divergence, then it should turn out to be nest in (3) and see more upside.
Nvidia Daily UpdateNvidia Daily Update – We’ve broken out of a triangle pattern, and now the market is pulling back. If we see a breakout from the top of this pullback, it could present a strong entry point. My projected target for this move is the green level. Let’s keep a close watch on this setup!
