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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:
NASDAQ:NVDA
by basictradingtv
19
Nvidia Stock projection after the drop Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Nvidia Stock starting push back up after the drop caused by the Evergrande problems where we see the stock pushing from 206.27 up to 225.34 in 3 days, That's almost a 10% increase in a very short period of time. NVDA has an average volume of 26045000. This is a good sign as it is always nice to have a liquid stock. Both The Long-term trend and Short-term trends are looking positive. Possible Scenarios for the market : Scenario 1 : The market has reached the first resistance line located at 224.58 but a breakout didn't happen yet, Looking at how the trend is moving we should be seeing a breakout soon that will jack the stock price up and the first stop this stock is doing will be at the second resistance at 229.58 where it might have some push back from the Bears that could drive the price back to the 224.58 level, After reaching that point the Bulls will pull up and gather buy power to push the market to the 237.66 level. Scenario 2 : The market has reached the first resistance line located at 224.58, The Bears could step in and take control and drop the price here to show the Bulls that it's not gonna be easy for them to gain control which will lead the price dropping to the first support level at 214.42 where the battle over control will happen with Good chances of Bulls winning which will be the start of the push to the 237.66 level Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The RSI is at 58.86 showing good strength in the market. No divergence has been found between the indicator and the market 3) The Stoch is in the upper end of the middle zone showing good momentum, With a positive crossover between the %K (78.31) and %D (52.83) Daily Support & Resistance points : support Resistance 1) 214.42 1) 224.58 2) 209.42 2) 229.58 3) 206.84 3) 233.65 Fundamental point of view : When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 84% of all stocks and NVDA has a Return On Assets of 18.32%. This is amongst the best returns in the industry NVDA outperforms 88% of its industry peers. The Earnings Per Share has grown by an impressive 80.78% over the past year. "One of the reasons the stock is moving up can be seen in the Indicator column. The stock received a boost in its price target from Bank of America on Sept. 17, 2021. If NVDA stock reaches that price target it would be a gain of over 25% from the consensus price target. Bank of America may be reacting to Nvidia’s push to become seen as more than just a chip company and is spending over $1 billion on research and development to support that aim." According to Marketbeat This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:NVDALong
by GabiDahduh