NVIDIA Corporation (NASDAQ:NVDA) HEFFX Highlights

NVIDIA Corporation (NASDAQ:NVDA) HEFFX Highlights

NVIDIA Corporation (NASDAQ:NVDA) HEFFX Highlights

  • From today to September 5th (or while supplies last), NVIDIA is bringing back June’s Destiny 2 bundle for GTX 1080 and 1080 Ti cards, systems, and laptops, a week ahead of Destiny 2’s PC Beta launch on August 28th.
  • As a reminder, eligible systems include NVIDIA’s own GeForce GTX Battlebox products. The bundle includes Destiny 2 at its October 24th launch date, as well as three in-game items: the Coldheart Exotic Rifle, Kill Tracker Ghost, and Salute emote. These items may also be redeemed by people who purchased the bundle in June.
  • The upcoming massively multiplayer online sci-fi first-person shooter, a concept Bungie previously described as a “shared world shooter”, will be preceded by an August 24th NVIDIA Game Ready driver. Additionally, Destiny 2 will support High Dynamic Range (HDR) and SLI, a result of NVIDIA’s collaboration with Activision and Bungie. HDR itself will available to test during the PC Beta.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Company’s Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core central processing units (CPUs) to drive supercomputing for mobile gaming and entertainment devices, as well as autonomous robots, drones and cars. The Company’s processor has created platforms that address four markets: Gaming, Professional Visualization, Datacenter, and Automotive. The Company’s offerings include NVIDIA DGX AI supercomputer, the NVIDIA DRIVE AI car computing platform and the GeForce NOW cloud gaming service.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 170.85.

The projected lower bound is: 147.83.

The projected closing price is: 159.34.

NVIDIA CORP closed down -2.350 at 159.150. Volume was 24% below average (neutral) and Bollinger Bands were 42% narrower than normal.

Open      High     Low      Close     Volume
162.490 162.950 157.370 159.150 15,591,767

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

Moving Averages: 10-period 50-period 200-period
Close: 164.58 159.08 119.85
Volatility: 64 46 64
Volume: 21,254,756 21,031,504 18,856,898

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.

Summary

NVIDIA CORP is currently 32.8% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of NVDA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on NVDA.O and have had this outlook for the last 26 periods.

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 31.9757. This is not an overbought or oversold reading. The last signal was a sell 7 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 45.87. 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 40 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 -114.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 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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