Nvidia Analysis 15.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Nvidia
Nvidia Analysis 09.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
NVIDIA Corporation | Strong Bullish Bias, Looking Like CryptoI remember NVIDIA from when I was a young kid... NVIDIA, Intel, AMD as they made the chips and graphic cards for all of our playing/gaming... Those days.
See how things converge, now NVIDIA is intertwined with Cryptocurrencies and once again this is our playground, with Cryptocurrencies we work and play.
NVIDIA Corporation (NVDA) Weekly Chart Analysis
There is a very strong bullish bias fully confirmed on this chart.
The classic signals go as follow:
- Trading above EMA50, EMA10 and MA200.
- Very strong RSI on a high timeframe.
- Multiple consecutive weeks of bullish action/green candle close.
Back in March 2020 NVDA produced a V shaped recovery and bounced right off the MA200 line. This lead to a strong bull-run.
Now, in October 2022 NVDA produced a V shaped recovery bouncing right off the MA200 line. Closing above 174.16 opens the door for additional growth.
What's more:
- We have a perfect 5 wave abcde correction preceding the current bullish action.
- The low also ended exactly at a -9 on the TD Sequential.
- The low/support also matches perfectly the 0.786 Fib. retracement level relative to the bullish wave from March 2020 to November 2021.
All these signals are telling us that a cycle is complete.
That support is strong.
That NVIDIA is ready for sustained growth.
Namaste.
Nvidia Approaching Major Resistence Nvidia approaching major resistance in this year's strong downtrend. It has about 3% more to go before reaching the key $170 level where it rejected recently. From there, it has little room before running into the brick wall that is this year's bear market. I suspect, depending on the coming week's opening, Nvidia will rally until touching the key $170 level where it will meet strong selling.
In my opinion, the more likely outcome is that Nvidia rejects off 200 SMA and key level and drills down. This depends, however, on the PA of SPY next week. If SPY decides to rally past its yearly resistance zone, Nvidia will follow and possibly break 200 SMA. For those going short, take profits at first, ~$140, then ~$130, then final support at ~$110.
What to Expect for NVDA Share in This Earning Week?Nvidia (NVDA) Will report its third financial quarter results this Wednesday. A loss of $0.7 per share and 15.7% year-to-year decline in revenue expected by Zacks for the quarter. Revenue is driven mainly by the slowdown of gaming segment, disturbed supply-chain and the growing data center business.
On the two-hour chart, the prior support level of $168.33 is a key level to watch, as it may serve as a base for a further bullish run toward the $179.47-173.78 area.
On the other hand, we may see a reversal of the bullish trend since the NVDA share is trading in the oversold level as indicated by the RSI and close to the top edge of the Bollinger Band. If the NVDA share falls below $159.75, it may continue to fall toward the $151.83-149.90 area, with a further bearish target of $145.38-137.60.
NVIDIA Corporation Technical AnalysisAfter a drop of little over 60% in the past year, NVIDIA has created a bullish divergence on a previous support line.
1 Year analyst targets according to Tradingview is $202/share, which constitutes roughly a 60% price increase
from current price.
My plan for NVIDIA as of right now is a swing trade earning to make anywhere from 30-50% in the next couple of months,
I don't see the stock price falling drastically more as of right now, according to the fundamentals we have seen a
drop quite consistently with the drop we have seen thus far reflected in the stock price.
I'm looking to take profit around the previous high of $190/share, most likely liquidating my position at $185/share,
netting a total of +47% ROI from today's price.
If NVIDIA were to drop further, (although I don't see it dropping below $100/share without the help of external factors)
I still think NVIDIA is a solid company as well as they have a major market share in the computer
technology sector, and I will most likely retain my position were the price to drop further, although
this would have to depend on a revision of my current analysis.
Summary:
NVIDIA created a divergence on previous support on 4H chart.
Entry price: $125/share
Target price: $185/share
Long-term holding possible if swing trade does not
turn out as expected, granted fundamentals does not change.
Disclaimer:
It might not be a bad idea to conduct a qualitative analysis
of the computer sector if you want to follow my trade
as there is a lot of external factors happening in the world
that might affect the result of this trade.
Short Position for NVIDIAThe price bounced on the support line and now is approaching the resistance from the wedge and the Keltner channel.
We expect that the price will reach the resistance line soon , get rejected and drop back to target point as in short position.
Entry, Stop loss and target are shown in the chart
Good luck.
NVIDIA Corp., Monthly, The Cisco Analogy and demand zonesAs with Tesla stocks, such increases were unsustainable. In my opinion, Nvidia is a very qualitative company, so after potential drops under the Cisco analogy ( CSCO ) from the dotcom bubble, it may be worth buying. Cisco ( CSCO ) during the dotcom bubble grew by 1500% from March 1997 to March 2000 (35 monthly bars) and then decreased by 90.10% (in 31 monthly bars). According to the analogy, the low would form in 2024 (March - August), but it may also be in about April '23, when, referring to the bearish analogies on the S&P 500 , the bear market may end. Bouncing off the green "buy" line will be a very strong bullish signal for me, but it needs to be aware of the price action after entering the first demand zone . The post-crisis price rebound should be over 150% in just over 440 days.
Pivot confirmed on Nvidia. NVDAC Wave of Zigzag on a background of negative strikes on parabolic and volatility indicators.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NVDA NVIDIA Corporation Strongest SupportNVDA NVIDIA Corporation looks ready for a technical rebound.
A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of NVDA is below 30.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
Looking forward to read your opinion about it.
NASDAQ decision time soonusing Nasdaq futures to monitor the long term trendline from 1999 till now... we violently broke the trend in 2008, but bounced beautifully in 2018/2020 and I think we soon get a decision on how price will act this time around... it should also let us know what to expect for tech valuations in the coming months/year!
September 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Bitcoin is down 2.75% over the last 24 hours and fell to an intraday low of $18,125.98. The largest cryptocurrency dropped alongside the traditional equity market as the Fed hiked rates by another 75 basis points, and the Fed Chair Jerome Powell projected another 125 basis points increase before the end of the year. Higher rates are likely to have a negative impact on the risky assets such as cryptocurrency and stocks markets, and the BTC price could drop further.
Today’s Cryptocurrency Headline
Nvidia Launches Metaverse Cloud Service Product Omniverse
Nvidia has announced the launch of Nvidia Cloud Omniverse, designed to accelerate the global adoption of the metaverse. The Nvidia Cloud Omniverse is a software and infrastructure-as-a-service product created to enable artists, developers and enterprise teams to design, publish, operate and experience metaverse applications anywhere. According to Nvidia, Omniverse Cloud services run on the Omniverse Cloud Computer, a global-scale distributed data center network for delivering high-performance, low-latency metaverse graphics at the edge.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
$nvda Capitulation? Last line of support! NVIDIA$NVDA is on its last leg of support, if it loses this area we are looking at $115 as the next support level
HOWEVER, I'm spotting signals of capitulation as I highlighted in yellow - steep decline with elevated volume.
In the past NVIDIA usually bounces after this type of price action and we have now touched the bottom of this descending supportive channel that its respected since last summer.
Fear is looming. Are you buying this blood?
NVIDIA Update - Bear MarketPrice has been falling since the stock's highs at the 344 zone. It has now formed a bearish gap at $148. More reason to remain BEARISH! I'm expecting it to get to the $40 zone. I'm sitting on the sidelines when it comes to NVIDIA and other US tech stocks. They are over-valued.
Nvidia draws attention back to Pelosi's stock picks Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company.
Pelosi is the first female Speaker of the US House of Representatives and second in line to the presidency (after Vice President Kamala Harris). Considering her very public position, her financial matters and by extension, her husband's, always attract attention.
In July, the couple sold 25,000 Nvidia shares in a transaction valued between $1 million and $5 million. The shares were sold at $165.05 apiece, reflecting a loss of $340,000. On Sept. 1, Nvidia fell 18.3%, and if not for the July transaction, the Pelosis would have lost $753,000, the news platform added.
While the decision may have just been due to good investor instinct, it is being marred by controversies. The filing of a bill in Congress, as well as a visit in Taiwan are making it harder to simply brush some of the controversies under the rug.
Semiconductor Boost
Paul Pelosi invested in Nvidia on June 17 with the exercise of 200 call options for shares in the company at a price of $100 per share. The transaction was also valued between $1 million and $5 million..
It came at a time when the CHIPS Act is tabled for approval in Congress. The bill, which President Biden signed into law in August, aims to strengthen domestic semiconductor manufacturing, design and research. According to TechRepublic, the law will provide $52 billion for semiconductor manufacturing incentives and research investments, as well as a 25% investment tax credit for semiconductor manufacturing, which would be a great help to companies like Nvidia.
New York Post columnist Charles Gasparino labelled the investment the "latest home run" for Pelosi, who Gasparino wrote, "has been killing it in the stock market in recent years," winning with companies that benefit from governmental legislation.
Congresswoman Pelosi supported the CHIPS Act. Following the July sale, people have started singing a different tune that the transaction may have been done to alleviate conflict of interest concerns.
Or it could be another smart investment move. Nvidia fell nearly 3% at close of trading Sept. 2. It has been on the red that week, likely due to the US government's restriction of the company's sales to China.
Another event connecting the House Speaker to the semiconductor industry is her visit to Taiwan on Aug. 2. The visit, which according to BBC was "strongly condemned" by China, involved a meeting with Mark Liu, chairman of the world's biggest chipmaker, Taiwan Semiconductor Manufacturing Co. or TSMC (TPE: 2330).
Other Investments
Aside from Nvidia, the Pelosis have other investments in public companies. Business Insider reported in July that they have shares in companies including:
AllianceBernstein (NYSE: AB),
the class A (NASDAQ: GOOGL) and C stocks (NASDAQ: GOOG) of Alphabet,
Amazon.com (NASDAQ: AMZN),
American Express (NYSE: AXP),
Apple (NASDAQ: AAPL),
Micron Technology (NASDAQ: MU),
Microsoft (NASDAQ: MSFT),
Paypal (NASDAQ: PYPL),
Salesforce.com (NYSE: CRM),
Tesla (NASDAQ: TSLA), Visa (NYSE: V),
Walt Disney (NYSE: DIS),
and Warner Bros. Discovery Series A (WNASDAQ: WBD).
Speaker Pelosi's involvement in these companies prompted a legislation that would prohibit members of the US Congress from trading stocks. After months of resistance, Pelosi dropped opposition of the proposed legislation.
Insider included the House Speaker in its list of 25 richest members of Congress, with a net worth of at least $46.1 million. Amid insinuations that this may have something to do with information she passes on to help her husband with his investment decisions, the congresswoman told reporters in July that this was never the case.
Nvidia (NASDAQ: $NVDA) Sure Getting Interesting 👀NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
SPX SP500 Bottom predictionHere is my prediction of the SP market bottom.
How do we get here. well currently the small and medium stocks that were overpriced have been smashed, I'm talking about all specs the poster child of the 2020 run, all speculation stocks lemonade, zoom, peloton and other retail favourites have been killed.
Ive always said the market will bottom when the big names finally give way, I'm talking about apple Tesla Nvidia has already started. eventually the market masters want to buy at prices they always want to buy at, cheap. when Tesla finally comes from 100 PE ratio to 40, apple back to 20 nvidias down to 25 that's when the market bottoms. its always the big stocks that hold the market up last and right now we are in that phase.
keep your eye on Apple its currently around 158/160. this could easily collapse to 130 again if not lower Tesla down to 180/200. this will be the time to load up for the next 5 -10 years. patience is key here don't fight the fed, trend is your friend and no real reversal is in play imo until demand destruction has happened, recession is here, unemployment comes up to 7/8%, interest rates continue to raise higher causing new mortgages to come to a stand still as people won't be able to afford to buy, housing starts coming down again all of this is definitely possible in my opinion. don't forget loads of other macro events too.
August 25 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the OKLink data, Ethereum miner addresses have transferred more than 317,000 ETH since August. Bitcoin is up 1% over the last 24 hours and rose to an intraday high of $21,900.00. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. If bears manage to push the price below this zone, a deeper drop towards $20,000 could be expected.
Today’s Cryptocurrency Headline
Nvidia's Second-Quarter Net Profit and Game Revenue Fell 72% and 33%
Nvidia’s second-quarter gaming revenue was $2.04 billion, down 33% year-over-year and a 44% decline from the first quarter. In addition to the macro environment, Nvidia CFO Colette Kress said "As noted last quarter, we had expected cryptocurrency mining to make a diminishing contribution to gaming demand; we are unable to accurately quantify the extent to which reduced crypto mining contributed to the decline in gaming demand." Furthermore, Nvidia’s total revenue in the second quarter was $6.7 billion, up 3% year-on-year, and net profit was $656 million, down 72% year-over-year.
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