NVIDIA CORP. - Daily - Technical analysis published on 12/02/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 293.01 USD
My targets
329.85 USD (+3.88%)
My analysis
The bullish trend is currently very strong on NVIDIA CORP.. As long as the price remains above the support at 293.01 USD, you could try to benefit from the boom. The first bullish objective is located at 329.85 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The NVIDIA CORP. rating is 317.52 USD. On the day, this instrument gained +1.01% with the lowest point at 310.25 USD and the highest point at 322.83 USD. The deviation from the price is +2.34% for the low point and -1.64% for the high point.310.25
322.83
317.52
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this NVIDIA CORP. chart shows a strongly 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 detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
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 | 206.71 | 228.43 | 293.01 | 317.52 | 329.85 |
| Change (%) | -34.90% | -28.06% | -7.72% | - | +3.88% |
| Change | -110.81 | -89.09 | -24.51 | - | +12.33 |
| Level | Major | Major | Intermediate | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 288.71 | 301.26 | 307.80 | 320.35 | 326.89 | 339.44 | 345.98 |
| Camarilla | 309.10 | 310.85 | 312.60 | 314.35 | 316.10 | 317.85 | 319.60 |
| Woodie | 285.72 | 299.76 | 304.81 | 318.85 | 323.90 | 337.94 | 342.99 |
| Fibonacci | 301.26 | 308.55 | 313.05 | 320.35 | 327.64 | 332.14 | 339.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 262.73 | 285.76 | 300.40 | 323.43 | 338.07 | 361.10 | 375.74 |
| Camarilla | 304.67 | 308.12 | 311.58 | 315.03 | 318.48 | 321.94 | 325.39 |
| Woodie | 258.53 | 283.66 | 296.20 | 321.33 | 333.87 | 359.00 | 371.54 |
| Fibonacci | 285.76 | 300.15 | 309.04 | 323.43 | 337.82 | 346.71 | 361.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 176.33 | 214.30 | 270.53 | 308.50 | 364.73 | 402.70 | 458.93 |
| Camarilla | 300.86 | 309.49 | 318.13 | 326.76 | 335.40 | 344.03 | 352.67 |
| Woodie | 185.46 | 218.87 | 279.66 | 313.07 | 373.86 | 407.27 | 468.06 |
| Fibonacci | 214.30 | 250.28 | 272.52 | 308.50 | 344.48 | 366.72 | 402.70 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.45 | |
| MACD (12,26,9): | 18.1300 | |
| Directional Movement: | 13.09 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 330.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 309.67 | |
| Elder Ray (13): | 2.15 | |
| Super Trend (3,10): | 283.16 | |
| Zig ZAG (10): | 318.18 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 53.99 | |
| TEMA (21): | 332.03 | |
| Williams %R (14): | -50.06 | |
| Chande Momentum Oscillator (20): | 17.09 | |
| Repulse (5,40,3): | -3.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.1300 | |
| Courbe Coppock: | 16.13 |
| MA7: | 321.54 | |
| MA20: | 311.32 | |
| MA50: | 258.79 | |
| MA100: | 233.23 | |
| MAexp7: | 319.27 | |
| MAexp20: | 305.46 | |
| MAexp50: | 272.94 | |
| MAexp100: | 242.71 | |
| Price / MA7: | -1.25% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +22.69% | |
| Price / MA100: | +36.14% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | +3.95% | |
| Price / MAexp50: | +16.33% | |
| Price / MAexp100: | +30.82% |
Quotes :
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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:
- NVIDIA Announces Upcoming Events for Financial Community
- Thinking about trading options or stock in Pfizer, American Airlines, Krystal Biotech, NVIDIA, or Alibaba?
- Thinking about trading options or stock in Nio, BioNTech, Roblox, GameStop, or NVIDIA?
- NVIDIA Announces Upcoming Events for Financial Community
- Thinking about trading options or stock in Nvidia, Bed Bath & Beyond, Roku, Pfizer, or General Motors?
This member declared not having a position on this financial instrument or a related financial instrument.
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