NVIDIA Corporation (NASDAQ:NVDA) Ever Growing Giant

NVIDIA Corporation (NASDAQ:NVDA) Ever Growing Giant

NVIDIA Corporation (NASDAQ:NVDA) Ever Growing Consumer Base


  • NVIDIA stock rockets up after earnings beat
  • Demand For AI Chips Increase
  • Nintendo Switch boosts Nvidia revenues by up to $192m
  • Nvidia to Train 100,000 Developers on Deep Learning
  • “The possibilities are endless” – Nvidia unveil their multi-GPU, multiplayer VR prototype
  • NVIDIA Building Inventory For A New Graphics Product

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 108.77.

The projected lower bound is: 97.05.

The projected closing price is: 102.91.

NVIDIA CORP closed up 0.170 at 102.940. Volume was 98% below average (consolidating) and Bollinger Bands were 36% narrower than normal.

Open            High           Low              Close           Volume
103.000      104.930      102.660      102.940      395,065

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period        50-period        200-period
Close:                       104.18             102.79              87.61
Volatility:                27                    36                      55
Volume:                  7,722,054       13,290,762      13,854,721

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

NVIDIA CORP is currently 17.5% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of NVDA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on NVDA.O and have had this outlook for the last 4 periods.

HEFFX Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 23.3959. This is not an overbought or oversold reading. The last signal was a sell 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 49.27. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 62 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -11. This is not a topping or bottoming area. The last signal was a sell 5 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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