(1.75%), our systems don't find the trading risk/reward intra-dayĪttractive and any bets should be held until the stock is closer to the support level. Since the stock is closer to the resistance from accumulated volume at $136.47 If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 10.50% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$7.08 (+/-5.25%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Tuesday 1stįor the upcoming trading day on Tuesday, 1st we expect NVIDIA Corporation to open at $135.44, and during the day (based on 14 day Average True Range), There is a buy signal from a pivot bottom found 11 days ago.) (This stock has medium daily movements and this gives medium risk. For the last week, the stock has had daily average volatility of 5.19%.

During the last day, the stock moved $5.41 between high and low, or 4.07%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. NVIDIA finds support from accumulated volume at $132.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Friday, October 14, 2022, and so far it has risen 20.22%. A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $131.04 and $125.97.

Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

The NVIDIA stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock.

Nvda stock.