Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. You may use and the contents contained in solely for your own individual non-commercial and informational purposes only. Liable for your own investment decisions and agree to the Users should not base their investment decision upon. is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate. We therefore hold a negative evaluation of this stock. NVIDIA holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. With no support below and resistance from accumulated volume $4.85 (4.02%) our system find the risk reward not very attractive.
#Nvda price prediction full#
If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 11.27% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$6.80 (+/-5.63%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Monday 10thįor the upcoming trading day on Monday, 10th we expect NVIDIA Corporation to open at $122.56, 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 4.51%. During the last day, the stock moved $6.48 between high and low, or 5.39%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. This may be an early warning and the stock should be followed more closely. Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Thursday, August 04, 2022, and so far it has fallen -37.15%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $126.36 and $140.17. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. The NVIDIA stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Some negative signals were issued as well, and these may have some influence on the near short-term development. Specifically, they’re bracing for Nvidia to post earnings of 59 cents per share, indicating a year-over-year (YOY) decline of 43.3%.Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). In the updated quarterly pre-announcement, however, the company stated its second-quarter revenue is expected to reach only $6.7 billion.įurthermore, analysts on Wall Street aren’t expecting much from Nvidia. Previously, Nvidia had indicated that revenue for Q2 would be $8.1 billion. Nvidia and a BofA Analyst Aren’t Optimistic 8, Financial Times reported that Nvidia “cut its financial guidance for the three months to July, warning that weaker gaming revenue would hit earnings.” This isn’t shown on Nvidia’s news page, but that’s understandable. Heck, even the company itself is somewhat pessimistic. Nvidia shares already traded at that price, and if the general sense of pessimism is wrong, a revisit of $300 isn’t out of the question at all. The stockholders really need to see some share-price movement, and I picked $300 as a realistic target. Besides, the share price sank from $300 at the beginning of 2022 to less than $200 in recent weeks. Sure, Nvidia pays a dividend, but it’s only 0.09% per year.
Nvidia’s quarterly release will be high-stakes because NVDA stock holders could really use a boost now.
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