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Nvda_analysis

Nvidia - A Correction Of -50% Is Starting!Nvidia ( NASDAQ:NVDA ) is reversing at a strong resistance: Click chart above to see the detailed analysis👆🏻 Last month Nvidia already corrected about -35% but managed to close with an indecision doji candle. However, previous cycles, the recent rally of +1.000% and the fact that Nvidia is retesting a strong resistance trendline all suggest that Nvidia will still move much lower soon. Levels to watch: $100, $55 Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDAShort
by basictradingtv
27
Nvidia Stock Analysis: A Rally Amid Divergence & Strategic MovesNvidia (NASDAQ: NASDAQ:NVDA ) stock has seen notable volatility recently, rallying 6.6% despite mixed performances from its peers in the so-called "Magnificent Seven" stocks, which include Apple, Microsoft, Google, Amazon, Meta, and Tesla. These tech giants dominated the market in 2023, but the third quarter of 2024 has seen divergent returns and significant selling pressure, causing a rebound in Nvidia's stock after hitting early August lows. Nvidia’s influence on the Nasdaq Composite and S&P 500 indexes is considerable due to its large market cap. The stock’s current performance and future prospects are under the microscope of investors and analysts alike, as Nvidia continues to navigate both technical and fundamental factors that could shape its near-term trajectory. Beating Estimates and Strategic Advances Nvidia (NASDAQ: NASDAQ:NVDA ) recently beat Wall Street’s estimates for its fiscal second quarter, reporting adjusted earnings of 68 cents per share on sales of $30.04 billion. This was well above analyst expectations of 65 cents per share on sales of $28.74 billion. The company’s earnings soared 152% year-over-year, while revenue jumped 122%, showcasing the strength of Nvidia’s business amid the growing demand for AI and high-performance computing chips. Additionally, the U.S. government is reportedly considering allowing Nvidia to export advanced chips to Saudi Arabia, potentially enabling the country to train and run powerful AI models. This move, reported by Semafor, would further bolster Nvidia's sales pipeline and extend its reach in the global AI market. Saudi Arabia is making efforts to comply with U.S. security requirements to expedite the acquisition of Nvidia's advanced H200 chips, which are already being used in OpenAI’s GPT-4o, a cutting-edge multimodal platform. The Biden administration’s recent restrictions on AI chip exports, aimed at limiting China's access, have opened strategic opportunities for Nvidia to expand in Middle Eastern markets like Saudi Arabia, provided these nations comply with U.S. regulations. Technical Outlook Technically, Nvidia stock (NASDAQ: NASDAQ:NVDA ) is showing resilience. Despite the recent dips, NASDAQ:NVDA has rebounded 6.22%, currently attempting to rise from the August low of $90.76. This recovery is supported by the Relative Strength Index (RSI), which stands at a healthy 54.98, indicating the stock is not in overbought territory and has room to rally. Nvidia’s stock is trading above key moving averages, including the 50-day, 100-day, and 200-day moving averages, reinforcing its bullish outlook. The ability to maintain these levels despite recent market turbulence underscores Nvidia's strong market positioning. The stock’s 10-for-1 split, which took effect in June, has not dampened investor enthusiasm, as NASDAQ:NVDA continues to attract buyers looking to capitalize on its ongoing leadership in the AI and semiconductor industries. What’s Next for Nvidia? Nvidia’s future appears bright, driven by robust earnings, strategic market opportunities, and technical strength. However, investors should remain vigilant of potential risks, including regulatory challenges and broader market volatility that could impact the stock’s short-term performance. With U.S. authorities closely monitoring AI chip exports, any changes in policy could affect Nvidia’s international growth prospects. Investors should also keep an eye on Nvidia’s ongoing innovations in AI, gaming, and cloud computing sectors, which continue to drive revenue growth and market leadership. As the company looks to capitalize on emerging technologies and new markets, Nvidia's stock is positioned to benefit from both fundamental and technical tailwinds. Conclusion: Nvidia’s impressive rally and resilient stock performance amid market fluctuations underscore its dual strength in fundamentals and technical. The company’s ability to beat earnings expectations, navigate geopolitical complexities, and maintain key support levels highlights Nvidia as a standout in the tech sector. For investors seeking exposure to a leader in AI and high-performance computing, Nvidia remains a compelling choice with the potential for continued gains.
NASDAQ:NVDALong
by DEXWireNews
NVIDIA: Weekly To 30 Minute: Correcting where are we going up? Good morning Traders Here is my video analysis on NVIDIA at the moment. Have a review and let me know what you think. The main areas of concern are: 108 and 110 if we break those levels I dont see why the market cant go to 114 range. Any questions, comments, ideas, want me to share more ideas on any topic let me know. The trend is your friend and lastly we dont predict the market we follow it. MB Trader
NASDAQ:NVDALong
by Mindbloome-Trading
2
Strong Analysis on NVIDIA (NVDA)Hey traders, let's break down what's happening with NVIDIA (NVDA) and how I'm approaching this setup. As you can see on the chart, we had a pretty solid uptrend that got me excited for a while. The green Heikin Ashi candles were flowing nicely, indicating strong bullish momentum. But now, we’ve hit an interesting point where things are taking a turn. Key Resistance Area First up, there’s a key resistance zone around $128. It’s no surprise that the price started pulling back right after touching that area—it’s been tested multiple times before, and once again, the bulls struggled to break through. I marked this zone on the chart with an orange box to emphasize how critical it is. It’s like a ceiling that NVDA just can’t seem to smash. The Pullback Now, as the price started to dip from that resistance, I noticed a pullback that’s pretty significant. This is where I’m keeping an eye on a potential reversal or further downside action. The sell-off is accelerating, and it’s getting close to an important support zone between $90 and $96. Support Zone Here’s the good part: I’ve highlighted a major demand zone between $90 and $96. This area has held up in the past and acted as a solid floor for the price to bounce off. I marked it with a purple box so I don’t miss the opportunity to potentially buy back in if the price bounces. What’s Next? For me, the plan is straightforward: I’m waiting for the price to approach the support zone. If we get bullish signals (like a strong green candle or price action reversal), I’ll consider taking a long position with my stop just below the zone. On the flip side, if it breaks below $90, that’s my signal to step back and wait for a clearer direction. Right now, it’s all about patience. I want to see if the support holds, and if it does, that’s where I’m ready to act. If you’re watching NVDA like me, keep an eye on these levels—this is where the action is happening. Happy trading, and let’s see how this plays out!
NASDAQ:NVDAShort
by Deno_Trading
NVDA: Correction PhaseHello everyone,😉 I’ve put a scenario for the stock 'NVDA' together, which is currently drawing attention. This scenario is based on not only the "Elliott Wave Theory" but also various analytical tools, so please take it into high consideration. ✔️ Wave from $140.76 downward: "Extended Flat" This is an 'Extended Flat' composed of a 3-3-5 structure. The final C wave was completed as an 'Extended fifth wave impulse.' ✔️ Wave from $90.69 upward: "Zigzag" This is a 'Zigzag' with a 5-3-5 structure. The A wave and C wave have a 1.618 ratio, which adds a high level of credibility. ✔️ Conclusion: Projected Path Based on the wave count so far, I’ve drawn the projected path. I anticipate the appearance of a downward impulse wave and used the downward parallel channel and Fibonacci levels to estimate the potential decline range. First support zone: $100.03 Second support zone: $84.57 (very strong) Good luck! This is not a buy or sell recommendation. It is a personal perspective and should be used for reference only. All decisions and responsibilities are yours.
NASDAQ:NVDALong
by Killer_Whales
Nvidia's $279 Billion Slide: What It Means for Jensen HuangNvidia CEO Jensen Huang has seen his fortune plummet, crashing out of the $100 billion club after Nvidia’s stock tumbled nearly 10% on Tuesday. The sell-off slashed $9.9 billion from Huang’s net worth, dropping it to $94.9 billion. Despite this, Huang remains one of the biggest winners in the AI boom, adding $51 billion to his wealth this year alone as demand for Nvidia’s AI chips skyrockets. The Root Causes The dramatic fall in Nvidia’s stock was part of a broader chip sector sell-off, sparked by reports that the U.S. Department of Justice is ramping up an antitrust investigation into the company. Subpoenas sent to Nvidia signal escalating scrutiny into whether the chipmaker has been limiting competition by restricting its clients’ ability to switch to other suppliers. Adding to the pressure, the latest U.S. manufacturing data indicated a slowdown, stoking fears about the broader economic outlook. The Institute for Supply Management reported moderate contraction in factory activity in August, leading to a market-wide sell-off. Nvidia, heavily tied to the AI hype, was one of the hardest-hit stocks. Bearish Sentiment Weighs on Stock Nvidia's stock is now trading near key support levels, with Tuesday’s sell-off marking the largest one-day drop in market value for a U.S. company. Technically, Nvidia’s RSI (Relative Strength Index) dipped below 40, signaling oversold conditions, but also indicating that bearish momentum could continue. The stock’s 50-day moving average sits precariously close, and a breach below could trigger further declines. Despite this setback, Nvidia remains up 118% year-to-date, driven by its dominant position in the AI chip market. Investors have been pricing in exponential growth, which may take longer to materialize, especially given the regulatory headwinds. What’s Next for Nvidia and Jensen Huang? Nvidia’s meteoric rise since the AI boom in late 2022, fueled by the success of ChatGPT and other large language models, is facing its biggest test yet. While Huang’s net worth has taken a significant hit, Nvidia still plays a critical role in the AI ecosystem. The company's strategic pivot from video gaming to AI has paid off massively, but increased competition and regulatory scrutiny could challenge its dominance. As Nvidia ( NASDAQ:NVDA ) navigates these turbulent waters, investors will be watching closely for further developments in the antitrust investigation and any signs of stabilization in the broader market. With Nvidia's future closely tied to AI’s evolution, the coming months could be crucial in determining whether this is a temporary setback or a sign of deeper issues. In the short term, technical indicators suggest caution, but Nvidia’s strong fundamentals and continued innovation in AI could offer a lifeline. For now, the chip giant's journey remains one to watch as it tries to bounce back from this historic slide.
NASDAQ:NVDAShort
by DEXWireNews
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 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
Nvidia is Going to ZERO. AI Will Not Change the World.Hello Everyone, Anybody buying NVDA at these levels will suffer the same fate as the Intel (INTC) buyers during the Dotcom bubble. Chances are Jun 20, 2024 was the top and so far we have been making lower highs and lower lows. Weekly timeframe shows a bearish engulfing, however we will need a confirmation dump candle with another follow through candle to confirm further dumping as shown in the chart above. Massive bearish divergence on weekly and the RSI might be confirming a lower high for the third divergence. This bearish engulfing candle can be cancelled if we can't close below the candle next week. Whether we still trade around these levels for a little bit longer or dump now, eventually NVDA will be headed towards $5-$10 during this upcoming recession. The NVDA hype will die during this recession and everybody is going to forget about it and will have many competitors in the future. We may never see NVDA this high again in our lifetime.
NASDAQ:NVDA
by justaturboman44
4
NVDA has good measured potential above last week's highs.NASDAQ:NVDA has room on the daily chart to about $135 if it can build above the highs from Friday and Thursday of last week. With earnings on Wednesday at 4:20 PM EDT, there should be significant opportunities to the long side if price continues to build above the daily 50 SMA. Equity was added long into the daily 9 EMA, and retest of the recent dark pool at $122.80, and I continue to swing long with targets at weekly highs and the daily upper Bollinger Band.
NASDAQ:NVDALong
by DMT_Doctor
4
NVDA reclaimed the daily 50 SMA along with QQQ.NASDAQ:NVDA broke out of a wedge consolidation at $109 earlier this week and has closed above the daily 50 SMA, along with NASDAQ:QQQ and many other technology leaders. There has been a shift in market tone since the jobs report last Thursday, 8/8. Since then, all data points have been bought by the bulls, and QQQ reclaimed the daily 10 SMA, giving signs that the bull-thesis was valid. The longer QQQ and other major technology names build above the daily 50 SMA, the more likely they are to continue higher.
NASDAQ:NVDALong
by DMT_Doctor
6