NVIDIA CORP. - Daily - Technical analysis published on 07/30/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 370.64 USD
My targets
434.35 USD (+3.76%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NVIDIA CORP. as long as the price remains well above 370.64 USD. The buyers” bullish objective is set at 434.35 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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This analysis was given by Mattkh. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NVIDIA CORP. price is 418.62 USD. On the day, this instrument gained +2.45% and was between 413.88 USD and 420.65 USD. This implies that the price is at +1.15% from its lowest and at -0.48% from its highest.413.88
420.65
418.62
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NVIDIA CORP. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 236.07 | 289.36 | 314.70 | 418.62 | 420.42 |
Change (%) | -43.61% | -30.88% | -24.82% | - | +0.43% |
Change | -182.55 | -129.26 | -103.92 | - | +1.80 |
Level | Intermediate | Major | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 399.32 | 403.85 | 406.23 | 410.76 | 413.14 | 417.67 | 420.05 |
Camarilla | 406.72 | 407.35 | 407.99 | 408.62 | 409.25 | 409.89 | 410.52 |
Woodie | 398.26 | 403.31 | 405.17 | 410.22 | 412.08 | 417.13 | 418.99 |
Fibonacci | 403.85 | 406.49 | 408.12 | 410.76 | 413.40 | 415.03 | 417.67 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 358.19 | 374.63 | 391.21 | 407.65 | 424.23 | 440.67 | 457.25 |
Camarilla | 398.70 | 401.73 | 404.75 | 407.78 | 410.81 | 413.83 | 416.86 |
Woodie | 358.25 | 374.67 | 391.27 | 407.69 | 424.29 | 440.71 | 457.31 |
Fibonacci | 374.63 | 387.25 | 395.04 | 407.65 | 420.27 | 428.06 | 440.67 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 316.21 | 331.26 | 355.59 | 370.64 | 394.97 | 410.02 | 434.35 |
Camarilla | 369.08 | 372.69 | 376.30 | 379.91 | 383.52 | 387.13 | 390.74 |
Woodie | 320.84 | 333.58 | 360.22 | 372.96 | 399.60 | 412.34 | 438.98 |
Fibonacci | 331.26 | 346.31 | 355.60 | 370.64 | 385.69 | 394.98 | 410.02 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 60.01 | |
MACD (12,26,9): | 11.0600 | |
Directional Movement: | 2.99 | |
AROON (14): | -64.28 | |
DEMA (21): | 420.38 | |
Parabolic SAR (0,02-0,02-0,2): | 422.31 | |
Elder Ray (13): | 7.51 | |
Super Trend (3,10): | 384.32 | |
Zig ZAG (10): | 418.62 | |
VORTEX (21): | 1.1200 | |
Stochastique (14,3,5): | 58.16 | |
TEMA (21): | 417.96 | |
Williams %R (14): | -32.18 | |
Chande Momentum Oscillator (20): | 16.53 | |
Repulse (5,40,3): | 0.9300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.4800 | |
Courbe Coppock: | 6.24 |
MA7: | 412.54 | |
MA20: | 407.51 | |
MA50: | 379.59 | |
MA100: | 325.28 | |
MAexp7: | 412.87 | |
MAexp20: | 404.48 | |
MAexp50: | 378.00 | |
MAexp100: | 341.58 | |
Price / MA7: | +1.47% | |
Price / MA20: | +2.73% | |
Price / MA50: | +10.28% | |
Price / MA100: | +28.70% | |
Price / MAexp7: | +1.39% | |
Price / MAexp20: | +3.50% | |
Price / MAexp50: | +10.75% | |
Price / MAexp100: | +22.55% |
Quotes :
2020-07-29 19:59:59
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on NVIDIA CORP.. At the time of publication of this analysis, the latest news was as follows:
- Digital Realty and Core Scientific Accelerate Global AI Innovation on PlatformDIGITAL Powered by NVIDIA DGX A100
- Booz Allen Hamilton Named Partner of the Year for Global Consulting by NVIDIA
- Why Investors Keep Buying Chip Stocks Like Nvidia And AMD: CNBC After Hours
- NVIDIA Names John Dabiri to Board of Directors
- CINECA Chooses IBM POWER9 with NVIDIA GPUs and InfiniBand Network for Marconi100 Accelerated Cluster
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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