![]() ![]() Since the stock is closer to the resistance from accumulated volume at $132.61 If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 10.75% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$7.10 (+/-5.37%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Thursday 3rdįor the upcoming trading day on Thursday, 3rd we expect NVIDIA Corporation to open at $135.47, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 5.23%. During the last day, the stock moved $9.99 between high and low, or 7.56%. 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 $131.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This may be an early warning and the stock should be followed more closely. 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 17.74%. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. On a fall, the stock will find some support from the long-term average at approximately $126.11. On further gains, the stock will meet resistance from the short-term moving average at approximately $133.47. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. ![]() ![]() The NVIDIA stock holds a sell signal from the short-term moving average at the same time, however, there is a buy signal from the long-term average. ![]()
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