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NVIDIA CORP

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1NVDA trade ideas

go long NVIDIA (NVDA) stockTechnical Analysis Current Price: $127.47 (down 1.95%) Stock is trading above 50-day, 150-day, and 200-day moving averages RS Rating: 97, indicating strong relative strength Meets all criteria in the Mark Minervini template Recent earnings growth: 461% YoY (May 2024) Recent sales growth: 262% YoY (May 2024) Conservative Trading Plan Entry Strategy Wait for a pullback to the $120-$122 range This area is closer to the 50-day moving average ($115.1) and provides better risk/reward Position Sizing Assuming $10,000 capital with maximum risk of $1,000 Enter with 1/3 of intended position size at initial entry point Add remaining 2/3 on confirmation of upward momentum Stop Loss Set initial stop loss at $114, just below the 50-day moving average This represents about 5-6% downside risk from the suggested entry range Profit Targets First target: $136.15 (previous high) Second target: $140.76 (52-week high) Final target: $150 (psychological level) Exit Strategy Scale out 1/3 of position at each profit target Trail stop loss as price moves up, using the 20-day moving average as a guide Risk Management Strictly adhere to position sizing and stop loss rules Monitor overall market conditions and sector performance Keep an eye on upcoming earnings reports and company news Analysis NVIDIA shows strong technical and fundamental characteristics, making it an attractive long candidate. However, the stock has had a significant run-up, so a conservative approach is warranted. The company's impressive earnings and sales growth, coupled with its leadership in AI and graphics processing, support a bullish outlook. The stock's high RS rating and adherence to the Minervini template further reinforce its potential. However, potential risks include: Overall market volatility Potential sector rotation out of technology stocks Valuation concerns given the recent price appreciation This conservative plan aims to capitalize on NVIDIA's strength while managing risk through careful entry points, position sizing, and a disciplined exit strategy. Always adjust the plan based on changing market conditions and your personal risk tolerance.
NASDAQ:NVDALong
by curtischangTW
Market Analysis and Projection: NVIDIA Stock OpportunityI WILL BUY NVIDIA STOCK AT $112. On the 5th of this month, NVIDIA (NVDA) experienced a significant downturn, with its stock price plunging to approximately $90—a day marked by widespread volatility in both the financial markets and cryptocurrency sectors. As of now, NVDA has rebounded to $115. Based on my market analysis, I am anticipating a pullback to $112, at which point I plan to initiate a buy position. My target for take profit is set around $126. For investors and traders, NVDA still presents a strong potential for growth, making it a stock worth monitoring closely.
NASDAQ:NVDALong
by ForexClinik
NVIDIA (NVDA) Technical Analysis for August 20-23, 2024Chart Overview Rising Wedge Pattern: NVIDIA is currently forming a rising wedge pattern on the 1-hour chart, similar to what was observed with TSLA. This pattern is generally seen as bearish, especially as the price nears the upper boundary, which often leads to a breakdown. Volume Profile: There's significant volume concentration around $125.06, indicating that this level could act as a critical pivot point. Above this, the next major resistance is around $129.12. Support and Resistance: Immediate Support: $125.06 Next Major Support: $120.45 Immediate Resistance: $129.12 Critical Resistance: $135.00 MACD: The MACD indicator on the 1-hour chart shows some bullish momentum but with signs of potential divergence, hinting that the upward momentum might be weakening. Current Market Data Impact Sector Influence: NVIDIA is highly sensitive to broader tech sector movements and economic indicators. With FOMC members speaking and other critical economic data due this week, NVDA could see increased volatility. Trading Strategy For Tomorrow (August 20, 2024): Bullish Scenario: If NVDA breaks above $129.12 with strong volume, it could be a signal to go long with a target towards $135. However, be cautious as the rising wedge pattern might still play out. Bearish Scenario: If NVDA fails to sustain above $129 and starts breaking down from $125, it could trigger a move towards $120, aligning with the lower support level. For This Week: Bearish Outlook: Given the rising wedge pattern and potential economic headwinds, a more conservative approach would be to watch for a breakdown and trade the downward momentum towards $120.45. Scalping Strategy: Utilize the $125-$129 range for quick in-and-out trades, keeping a close eye on volume and broader market cues. Conclusion NVIDIA is at a crucial juncture, with a rising wedge pattern suggesting a potential pullback. The stock's immediate future will likely be influenced by broader market sentiment and economic data releases. Suggestions: Monitor economic releases and market sentiment closely. Consider reducing long exposure if NVDA breaks down from the wedge pattern, particularly if the broader market shows signs of weakness.
NASDAQ:NVDA
by BullBearInsights
NVDA - Looks like wave 3 material hereOnce again, NVDA is proving to continue to be the bubble that keeps on inflating. We pushed through that $118 level that I was eyeing and kept plowing. I am certainly not interested in shorting this asset and I've spent the last few trading days doing nothing but daytrading options for NVDA. I'm still interested in buying back my equity at some point, but likely I will have to wait for another day to do so. More resistance up here at the 130/132 level so be cautious going into Wednesday's FOMC minutes. Short term equity traders especially should take caution buying up here. Longer term trading strategies can work, but realize that even though it's an election year, Sep/Oct tend to be the worst performing months. Maybe this year is different? :-)
NASDAQ:NVDA
by bitdoctor
NVDA Nvidia Buy the Dip OpportunityIf you haven`t bought NVDA before the breakout: It's important to note that the leading company in Artificial Intelligence is currently trading at a Forward P/E ratio of 29.48. This valuation suggests it might be relatively inexpensive for investors considering a long-term position. Given the company's strong market position and growth potential in the AI sector, this could be an opportune time to enter, especially if you believe in the sustained growth and innovation of the industry. The Forward P/E ratio is a key indicator of expected future earnings and, at this level, it indicates that Nvidia is reasonably priced in comparison to its future earning potential. My price target for the end of the year is $140-145.
NASDAQ:NVDALong
by TopgOptions
1
NVDA 8/191. Market Structure Analysis Trend Analysis Short-Term Trend: NVDA has been in an uptrend, as seen in the ascending channel on the 1-hour chart. The price has been making higher highs and higher lows, which indicates a bullish market structure. Medium-Term Trend: The broader trend since the beginning of August also supports the uptrend. NVDA has recovered from lows around $96.87, establishing a series of higher lows. Key Levels Resistance Levels: $125.00: Current near-term resistance. $136.14: Medium-term resistance, likely to be tested if momentum continues. $140.78: A significant level, representing a possible target if the uptrend strengthens. Support Levels: $124.23: Immediate support if NVDA pulls back. $114.33: A key support within the ascending channel. $96.87: Stronger support, representing a low from earlier in the month. 2. Last Week's Market Data and Influence Market Sentiment Broader Market Influence: Last week, major indices like the S&P 500 and NASDAQ saw mixed performance with some volatility due to economic data releases and earnings reports. NVDA, being a tech-heavy stock, is influenced by the overall tech sector's performance. A positive sentiment in the tech sector, driven by strong earnings and AI-related news, could have contributed to NVDA's continued strength. Sector Strength: The semiconductor sector, including NVDA, has shown resilience despite some broader market uncertainties. The AI boom and NVDA’s strong position in this space have been key drivers. Volume Analysis Volume Trends: If volume was increasing alongside the price last week, it would suggest strong buying interest, indicating that the uptrend might continue. On the contrary, if volume was decreasing, it might signal that the rally is losing momentum, which could lead to a pullback. 3. Possible Direction for Monday Bullish Scenario Breakout Above $125.00: If NVDA breaks above the $125.00 resistance early on Monday with strong volume, the next target could be around $136.14. This move would confirm the continuation of the current uptrend. Support Hold: If NVDA pulls back but holds above $124.23 or within the ascending channel, it might provide a good buying opportunity for a push higher. Bearish Scenario Rejection at $125.00: If NVDA fails to break above $125.00 and shows signs of exhaustion, it could retrace towards $114.33, especially if broader market conditions are weak. Break Below Channel: A break below the ascending channel's lower trendline (around $114.33) with increased selling pressure could signal a deeper correction, potentially targeting the $96.87 support level. 4. Catalysts to Watch Earnings Reports & Economic Data: Pay attention to any semiconductor-related news or earnings, as well as key economic data that could influence overall market sentiment. Broader Market Movement: Monitor the NASDAQ and other tech-heavy indices for signs of strength or weakness, as this will likely affect NVDA's performance. 5. Conclusion Bullish Bias: Given the current trend and market structure, NVDA appears poised for further gains if it can break above the $125.00 resistance. However, caution is warranted near resistance levels, and any pullbacks should be closely watched for potential buying opportunities at key support levels. Key Indicators: On Monday, focus on early price action around $125.00 and monitor volume. A strong break could lead to a rally, while failure might lead to a retracement.
NASDAQ:NVDALong
by BullBearInsights
NVDA: Wave 2 Complete (or Close)NVDA has developed the most clear wave structure of the stocks and indices I follow, so I'm using NVDA as a standard for the overall market wave structure. Wave 2 is an ABC pattern on the 1HR with A finishing at 108.80 (Aug. 7), Wave B at 98.69 (Aug. 7) and C finishing around 127 (if not finished). I have calculated Wave 3 or 5 (depending on the length of 3) will complete around April 19 low of 75. C wave can extend the length of 161.8% or up to 261.8% of Wave A. If NVDA does go higher than $127, be patient. PT1 110, PT2 102
NASDAQ:NVDAShort
by FiboTrader1
15
nvidia preforminga penetration of our pivot point and a quick return, a bullish retest provided a buy signal WOWOW wonderful! i anticipate the next report from nvidia, the revoloutionary company, to be positive that would wake some more money in the market to want a piece of this cake. nvidia can still make a new ath at 1.618 189 and 2.618 250 more 0.618s are at 218 and 168 for anyone trying to trade this. but in all honestly if nvidia keeps going the way they are going an extra bubble will be formed. the big sell off will happen only when there would be so many participants no one could get a piece of the pie. proffesionals dont want crumbs and a correction can occur from any of these all time highs levels. make sure you have these pivot points and trendlines to work with in confluence of your next buy entries. the most bullish scenerio is turning this upside fib 0.618 to support the next bullish scenerio is a pullback doing the same at 0.382 the next one is ofc holding 0.236 a small penetration of the trend but if buying volume is high and we get out of that level fast and quick that would also be bullish. if somehow hell break loose and we dont hold none of that and we have a bad year nvidia is effected and get a continued downward correction we have our pivots in confluence of trendlines for potential bottoms at 75 usd and 66 usd i dont find the bearish scenerios to be likely but everything and anything is possible.
NASDAQ:NVDALong
by Captainobvious5454
NVIDIAPrice is moving in an ascending channel and facing resistance at the level 125. In daily chart, though the price is bullish, it is near to trend line resistance. Buy above 126 with the stop loss of 124.5 for the targets 126, 128, 130 and 132. Sell below 122 with the stop loss of 123.5 for the targets 120.5, 118, 116 and 114. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:NVDA
by vanathi
NVIDIA STRUCTURE Nvidia is a software and fabless company that designs and supplies graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, as well as system-on-a-chip units (SoCs) for the mobile computing and automotive market. This is the structure we will be following, we will wait for prices to break above the weak high before we can make further decisions on what to do next. Do well to like share and follow. Stay tuned for more updates.
NASDAQ:NVDA
by Dr_Trade1
1