We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. NVIDIA holds several positive signals, but we still don't find these to be enough for a buy candidate. Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance. Since the stock is closer to the support from accumulated volume at $119.60 (1.92%) If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 11.65% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$7.10 (+/-5.83%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Friday 21stįor the upcoming trading day on Friday, 21st we expect NVIDIA Corporation to open at $123.56, and during the day (based on 14 day Average True Range), There is a buy signal from a pivot bottom found 4 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 5.84%. During the last day, the stock moved $6.64 between high and low, or 5.49%. 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 $119.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. On a fall, the stock will find some support from the short-term average at $118.27. On further gains, the stock will meet resistance from the long-term moving average at $127.66. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. The NVIDIA stock holds a buy signal from the short-term moving average at the same time, however, the long-term average holds a general sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. This is considered to be a good technical signal. 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 8.61%.
0 kommentar(er)
