NVIDIA CORP (NVDA) Technical Analysis
NASDAQ:NVDA • US67066G1040
Current stock price
216.61 USD
+8.34 (+4%)
At close:
218.75 USD
+2.14 (+0.99%)
After Hours:
NVDA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NVDA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVDA is showing a nice and steady performance.
- NVDA is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 62% are performing better than NVDA.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, NVDA also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by NVDA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month NVDA has a been trading in the 164.27 - 216.82 range, which is quite wide. It is currently trading near the high of this range.
- NVDA has an average volume of 173767000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NVDA Weekly and Daily overview Charts
NVDA Setup Rating and Analysis
Although NVDA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
NVDA Support and Resistance Analysis
165.35
218.78
When analyzing the support we can see 3 important areas.
- A support zone ranging from 199.63 to 202.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @174.70 from a trend line in the weekly time frame.
- A support zone ranging from 167.02 to 167.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
NVDA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NVDA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVDA is up. |
| ChartMill Relative Strength | 90.37 | POSITIVE | NVDA has a high relative strength, it outperformed 90.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVDA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVDA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVDA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.28 | OVERBOUGHT | The high RSI value suggests NVDA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.39 | POSITIVE | The MACD value suggests NVDA has a positive trend. |
| Stochastics (14,3) | 92.78 | OVERBOUGHT | The high Stochastics value suggests NVDA may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.18 | POSITIVE | The high ADX value value for NVDA suggests a strong trend. |
NVDA Chart- and CandleStick Pattern Analysis
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)
NVDA Technicals: Chart, Performance Metrics, Trend & Indicators
216.61
+8.34 (+4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg4%
1 Week7.2%
2 Weeks14.42%
1 Month29.3%
3 Month13.33%
6 Month6.97%
12 Month89.18%
2 Year150.7%
3 Year680.61%
5 Year1343.15%
10 Year24286.2%
15 Year43222%
Volatility
ATR(14)5.63
ATR(20)%2.52%
ATR Inc124.61%
Range Today9.44
ADR(20)5.09
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.37
3 months CRS86.18
6 months CRS66.34
Mansfield1.35
10 Day High216.82
10 Day Low190.77
20 Day High216.82
20 Day Low164.27
52 Week High216.82
52 Week Low110.82
CS1 End202.44
CR1 StartN/A
Volume & EV
DER(3)5.08%
DER(5)3.61%
Volume187.17M
Volume Incr-7.83%
Vol(5)145.50M
Vol(50)173.77M
NVIDIA CORP / NVDA TA FAQ
What is the technical rating for NVDA stock?
ChartMill assigns a technical rating of 10 / 10 to NVDA.
What is the current trend direction of NVIDIA CORP (NVDA) stock?
The current trend direction for NVIDIA CORP (NVDA) is Bullish.
What is the RSI signal for NVIDIA CORP (NVDA) stock?
NVIDIA CORP (NVDA) has an RSI value of 76.2823. This indicates that the stock is currently overbought.
Can you provide the short term momentum for NVIDIA CORP?
The short term momentum for NVIDIA CORP (NVDA) is positive.
What is the support and resistance level for NVDA stock?
NVIDIA CORP (NVDA) has a support level at 202.44. Check the full technical report for our detailed analysis of NVDA support and resistance levels.