Get started
NVIDIA Corp (Extended Hours)NVIDIA Corp (Extended Hours)NVIDIA Corp (Extended Hours)

NVIDIA Corp (Extended Hours)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

NVDA trade ideas

Nvidia (NVDA) Shares Fall Despite Strong EarningsNvidia (NVDA) Shares Fall Despite Strong Earnings Yesterday, after the close of the main trading session, Nvidia released its second-quarter earnings report: → Earnings per share: actual = $0.67, expected = $0.647; → Revenue: $30.04 billion, expected = $28.737 billion; → The company also announced a $50 billion share buyback. However, despite the strong results, Nvidia’s share price declined. While the closing price yesterday was above $125, in pre-market trading today, Nvidia's shares are down below $118. The more than 6% drop may be due to: → The company’s future outlook not meeting investor expectations; → Waning bullish sentiment around AI adoption. On 12 August, during a technical analysis of NVDA’s price chart, we noted: → The price was forming an upward channel (indicated in blue); → The $100 level was acting as support. Assuming the bearish momentum from the earnings reaction continues, Nvidia’s shares may open trading today around $115, close to the lower boundary of the current upward channel. New data provides crucial insights for further predictions: → After retreating from the $130 resistance level, the price is likely to form a broad bearish gap around the $120 level, which could act as a future resistance zone. → The median line of the blue channel may then act as resistance, increasing the likelihood of a bearish breakout below the channel’s lower boundary. Meanwhile, analysts remain optimistic. According to a Tipranks survey, 33 out of 36 analysts recommend buying NVDA stock. While the average price target is $150 over the next 12 months, it’s possible that these estimates could be revised downward if bearish sentiment intensifies. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NVDA
by FXOpen
1
NVDA TA for 8/29/2024NVIDIA (NVDA) saw a significant drop in its stock price despite reporting strong earnings. The company posted impressive numbers with $30.04 billion in revenue, more than doubling from the previous year, and a net income of $16.6 billion. However, the stock dropped by over 5% in extended trading for a couple of key reasons: Slower Growth Rate: Despite the strong earnings, the rate of growth has begun to slow down. The company's guidance for Q3 revenue is $32.5 billion, which, while still significant, indicates a deceleration compared to previous quarters. Investors had been accustomed to rapid growth due to AI-related demand, and the slower pace raised concerns​. High Expectations: NVIDIA has been a top-performing stock, particularly in the AI space, and expectations were exceedingly high. Even though the company exceeded its own guidance, the market was likely hoping for even more, given the stock's substantial run-up over the past year. Technical Analysis for NVDA Trading Tomorrow Support Levels: The immediate support level lies around $116.92, with a further significant support level at $115.01. If these levels hold, they could serve as good entry points for a long position. Resistance Levels: Resistance is seen around $123.12 and $123.95, which correspond to previous price consolidation zones. Breaking above these levels could indicate a reversal and a potential bullish trend. Price Action: Given the sharp decline, the price may test the $115-$116 support zone. If it holds, a bounce back toward $123 could occur. However, if it breaks below $115, further downside to around $110 or even lower could be seen. Entry/Exit: Long Entry: Consider entering around $116 with a stop loss just below $115, targeting an exit near $123. Short Entry: If the price breaks below $115, consider shorting with a target near $110, setting a stop loss around $118. Directional Prediction Given the current sentiment and technical setup, there's a likelihood of further downside if the broader market also remains weak. However, a bounce is possible if buyers step in at the support levels mentioned. Watch for volume and price action near the support zones to gauge the market's direction.
NASDAQ:NVDA
by BullBearInsights
NVIDIA Potential Downtrend Line Breakout At $130.13 29.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NASDAQ:NVDALong
by Stuart_Cowell
Elliott Wave Intraday on NVDA Looking for PullbackShort Term Elliott Wave in NASDAQ:NVDA suggests that pullback to 90.7 ended wave IV. The stock has turned higher in wave V with internal subdivision as a 5 waves impulse. Up from wave IV, wave (1) ended at 109.25 and wave (2) pullback ended at 97.15. The stock has resumed higher as a nest. Up from wave (2), wave 1 ended at 108.3 and pullback in wave 2 ended at 97.52. Up from there, wave ((i)) ended at 109 and wave ((ii)) ended at 101. Wave ((iii)) higher ended at 125, pullback in wave ((iv)) ended at 121.15, and final wave ((v)) ended at 130 which completed wave 3. Pullback in wave 4 ended at 125.8 and final wave 5 ended at 131 which completed wave (3). Stock then pullback in wave (4) towards 123.1 and made another leg higher in wave (5) towards 131.26. This completed wave ((1)) in higher degree. Wave ((2)) pullback is now in progress to correct cycle from 8.5.2024 low in 3, 7, or 11 swing before it resumes higher again. Down from wave ((1)), wave A ended at 124.37 and wave B ended at 129.18. Expect wave C of (W) to end soon, then it should rally in wave (X) before turning lower again in wave (Y) of ((2)). As far as pivot at 90.7 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.
NASDAQ:NVDA
by Elliottwave-Forecast
1
NVIDIA - Will The Tech Giant Surprise Again?Today is the day: Perhaps the most important company in the world presents its quarterly figures - NVIDIA! In an already volatile market environment, erratic movements are guaranteed. Can NVIDIA meet or even exceed the high expectations? More importantly, how will the share react? Open divergences in the DMI (not shown, as M5) provide us with a clue: This shows a bearish divergence that has not yet been worked off and would be resolved as soon as the NVIDIA share price reaches the level of around USD 118.70. We therefore expect short-term price losses. Although we are taking a bearish stance, it is quite possible that the share price will only reach this level very shortly after the publication of the quarterly figures. Due to the expected high volatility, we refrain from showing a specific setup with SL and TP. *Today = our location is in MEST
NASDAQ:NVDAShort
by Ochlokrat
4
$NVDA Bull Flag Pattern A bull flag bullish pattern appears to be forming, suggesting potential upside momentum. The key question is whether Nvidia will break out following tomorrow's earnings report. If the results exceed expectations, it could serve as the catalyst needed to propel the stock higher, confirming the bull flag and potentially triggering a strong upward move. Traders will be closely watching for a decisive break above recent resistance levels, which could set the stage for further gains. #SPX500 AMEX:SPY NASDAQ:QQQ NASDAQ:NVDA #Nvidia #ES_F #NQ_F
NASDAQ:NVDALong
by AlgoTradeAlert
Option Chain Before Earnings - $NVDA huge CALL skewThis week, keep an eye on NASDAQ:NVDA , which will release its quarterly earnings on Wednesday. Here are this week’s earnings releases implemented by the TanukiTrade Options Overlay indicator for Tradingview: 08/28 Wednesday after market close: NVDA , CRWD , CRM 08/29 Thursday after market close: MRVL The Options Overlay indicates that NVDA's call skew is above 55% at 54DTE, meaning that CALL options are priced 55% higher than PUT options for the binary expected move distance . This suggests that the market is pricing in a strong upward move. The yellow curve represents the binary expected move, while the blue curve shows the 16-delta OTM options. The green rectangle highlights the area where you can potentially profit from the butterfly trade if the earnings report meets bullish market expectations. Upward price levels: 7/8 - 138 8/8 - 150 Downward price levels: 6/8 - 125 5/8 - 112 If you agree with the market’s bullish sentiment, one of the best R:R trades might be a directional NVDA call butterfly. You can buy it for $109 with the nearest Friday expiration, with a maximum (theoretical) profit of nearly $900. It’s worth executing this trade before the earnings announcement. Note that the green dashed line is theoretical; while it's not a traditional trendline according to classic TA, the long-term upward trend is still quite clear Expiry: Aug 30 Legs: 1x140C -2x150C + 1x160C Net debit: ~$100 Max profit: $890
NASDAQ:NVDALong
by TanukiTrade
Nvidia Earnings To Push Markets? Understanding Risk On/OffVarious news reports mention Nvidia earnings as important as US Jobs data. This is because of the enormous market cap of Nvidia and the fact it is continuing to rise within an easing fed (softer landing prospects). It has become somewhat of an indicator for the direction of the US economy. It is a good idea to understand potential Risk On/Off effects. If we see continued growth and confidence via Nvidia earnings it is likely to translate to further Equity rises and safe haven outflows, potential further up moves in oil. Any kind of miss may provide a newer risk off effect and investments moving away from risk and back into safe havens / fixed income. Would not suggest taking any large sizes at all or gambling on results.
NASDAQ:NVDA
by WillSebastian
$NVDA Nvidia -50-75% downside ahead??For every bullish point that the experts bring up as to why markets should continue higher from here, I can give you a bearish point as to why they should correct -20-50%. Unfortunately, political views have influenced "experts" opinions on markets. It's a sign of the times. Will NASDAQ:NVDA Nvidia be the end all be all for the markets? No, it will just impact how markets open on Thursday & then the markets will trade accordingly after that... I know 1 thing for sure, I would not want to own the stock that everyone in the world owns & CNBC has been pumping for the last 2 years straight. The downside here is -50-75% longer term is outweighing the upside potential IMO.
NASDAQ:NVDA
by Robertlesnicki
3