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Nvidia_analysis

NVIDIA on the bottom of the channelNVIDIA has been trading on a channel for the past couple of months. Today it dropped 5% to the bottom of the channel. Although Stochastic and MACD (not on the chart) are not giving any clear signals, the OBV has been moving up throughout this time, which means interest is high and traders are buying at these levels. I already have a nice amount of shares but I am planning to buy at the support and sell at the top of the channel (for about 10% profit) if it gets there in the short/mid term. My stop loss will be placed just below the lower line of the channel. ***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!*** ***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
NASDAQ:NVDA
by Safe_Trades
8
Nvidia Hits Major Resistance Level.AMD and NVDA are both hitting a top of channel Resistance on larger timeframes. I am looking at $460 for a potential short on nvidia. I will play a tight stop and see if it can break above the channel. If it did break above you would want to see it establish a new support level above old Resistance, then you could play it going up. But for now I will stick to the rules and look at this as a potential reversal. If sellers stepped up we could see a potential 20% retracement. Risk a little for a potential bigger move down. The spx500 is almost back to all time highs, I don't think we will blow right through. We could see some correction in the markets first, then we can see where we want to establish support. It will be an interesting month. Best of luck
NASDAQ:NVDA
by UnknownUnicorn2319099
7
NVIDIA LevelsI could see a little more pump, but I'm not buying these tops. Four hour TTM looks like its rolling over. Speculating how much correction we see here will be correlated to all major indices corrections. I'm thinking that with the legislation on the twenty seventh of July with Facebook, Apple, Google and Amazon, we'll see something that causes some sort of dip. I could see massive pumping before then and maybe a bit after, similar to the pump we saw in December before the covid news was used to provide the backdrop for massive profit takings at the expense of the lay person.
NASDAQ:NVDAShort
by Fall0ut0fTh15
1
Nvidia is this sustainable?Hello everyone. So from a fundamental perspective Nvidia has great products and technology, the profit margins are also great. But a 70/1 P/E ratio? Does that seem sustainable? I mean how many years would it take for the P/E to normalize with the price staying the same as it is, to let's say 20/1 which is still high relative to historical standards. Maybe there is something out there that will quadrupple the earnings of this company in a short time. But let's we what the charts say shall we? Well from a technical perspective the stock is overvalued, the red middle line is the average of the trend. And as you can see the price is way above the growth average. Pretty much confirming that what the P/E ratio tells us. The problem is in this sort of mania the price could go up even more before eventually going down. It's not safe to short here. Just keeping an eye on this stock is the plan now. Also it goes without saying, I would never buy a stock at these technical levels and these valuations.
NASDAQ:NVDA
by MedianLineAnalysis
3
Nvidia: Reverse Head and Shoulders Pattern Analysis 1D (Apr. 20)X FORCE GLOBAL ANALYSIS: In this analysis, we take a look at both technicals and fundamentals for Nvidia (NVDA) Technicals - We see a text book reverse head and shoulders pattern - It seems as though the right shoulder has also finished forming, and our neckline remains around our support at $285 - Our all time high resistance sits at $315 - The Relative Strength Index is forming higher lows, and continues in an uptrend as a sign of trend strength - The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms after a golden cross, indicating signs of momentum - Normally, a breakout from the reverse head and shoulders pattern is resulted by an increase by the same degree of the depth of the neckline Fundamentals - The operating margin for Nvidia sits at 26.10%, gross at 62%, and net at 25.6. - Nvidia generates considerably more profit, after expenses are accounted for, compared to its counterparts What We Believe Overall, Nvidia shows bullish technicals, and sound fundamentals. As a solid stock, it appears that Nvidia could move on to test new all time highs. Trade Safe.
NASDAQ:NVDALong
by XForceGlobal
3