NVIDIA Corporation (NASDAQ:NVDA) Optimizing For Destiny 2

NVIDIA Corporation (NASDAQ:NVDA) Optimizing For Destiny 2

NVIDIA Corporation (NASDAQ:NVDA) Optimizing For Destiny 2

  • Nvidia’s software engineers seem to have worked overtime on the company’s GeForce 385.41 WHQL drivers. The “Game Ready” driver package brings support and optimizations to half a dozen games, whereas as Nvidia usually focuses on just one or two.
  • If you own a GeForce graphics card and are planning to participate in the Destiny 2 open beta that kicks off August 28 and runs until the end of the month, you will want to install this driver package.
  • Other games that Nvidia focused on include PlayerUnknown’s Battlegrounds, ARK: Survival Evolved, F1 2017, Pro Evolution Soccer 2018, and Quake Champions (Steam Early Access).
  • That is quite the list. In addition, you will find new or updated SLI profiles for ARK: Survival Evolved, Destiny 2, Faith of Danschant, Lawbreakers, Secret World Legends, and Starpoint Gemini Warlords.
  • And if you’re gaming on a laptop, the latest driver release introduces Whisper Mode profiles for F1 2017 and Destiny 2. Beyond that, there is a 3D Vision profile for Pro Evolution Soccer 2018 that is rated as “Excellent.”

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: 177.11.

The projected lower bound is: 153.81.

The projected closing price is: 165.46.

NVIDIA CORP closed down -0.610 at 165.190. Volume was 43% below average (neutral) and Bollinger Bands were 43% narrower than normal.

Open      High      Low      Close      Volume
167.100      167.280      164.120      165.190      11,742,501

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

Moving Averages: 10-period     50-period      200-period
Close:      163.21      159.89      121.28
Volatility:     62     47       64
Volume:       18,468,428      19,504,004      18,903,604

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 36.2% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. 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 2 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 71.5288. This is not an overbought or oversold reading. The last signal was a sell 10 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 52.72. 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 43 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 10. This is not a topping or bottoming area. The last signal was a buy 2 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 10 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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