GRANITESH 2XSHT NVDA ETF-USD (NVD) Stock Technical Analysis
NASDAQ:NVD - Nasdaq - US38747R6291 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to NVD. In the past year, NVD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, NVD is a bad performer in the overall market: 88% of all stocks are doing better.
NVD is currently trading near the lower end of its 52 week range, which is not a good sign. NVD is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month NVD has a been trading in the 22.16 - 36.84 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NVD has an average volume of 3974720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NVD has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.73
35.35
When analyzing the support we notice one important area.
- Support @23.97 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @33.62 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.94 to 35.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.24
Mansfield-4.59
10 Day High36.84
10 Day Low23.67
20 Day High36.84
20 Day Low22.16
52 Week High171.5
52 Week Low22.16
Performance
1 Week18.43%
2 Weeks32.95%
1 Month21.07%
3 Month13.82%
6 Month-46.01%
12 Month-75.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.97
RSI(14)58.88
LBB20.91
UBB36.38
33.61
-1.32 (-3.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.78%
1 Week18.43%
2 Weeks32.95%
1 Month21.07%
3 Month13.82%
6 Month-46.01%
12 Month-75.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.33
ATR(20)%8.37%
ATR Inc24.39%
Range Today3.69
ADR(20)2.67
ADR(20)%7.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.24
Mansfield-4.59
10 Day High36.84
10 Day Low23.67
20 Day High36.84
20 Day Low22.16
52 Week High171.5
52 Week Low22.16
CS1 End23.97
CR1 Start33.62
Volume & EV
DER(3)2.72%
DER(5)2.61%
Volume4.33M
Volume Incr17.79%
Vol(5)6.04M
Vol(50)3.97M