NVIDIA CORP. - Daily - Technical analysis published on 01/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 277.19 USD
My targets
228.43 USD (-9.98%)
197.32 USD (-22.24%)
My analysis
NVIDIA CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 277.19 USD. The next support located at 228.43 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 197.32 USD. Below this support, sellers could then target 181.61 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NVIDIA CORP. price is 253.75 USD. On the day, this instrument lost -2.04% and was between 250.63 USD and 265.43 USD. This implies that the price is at +1.24% from its lowest and at -4.40% from its highest.250.63
265.43
253.75
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NVIDIA CORP. indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 181.61 | 197.32 | 228.43 | 253.75 | 277.19 | 292.61 | 309.17 |
| Change (%) | -28.43% | -22.24% | -9.98% | - | +9.24% | +15.31% | +21.84% |
| Change | -72.14 | -56.43 | -25.32 | - | +23.44 | +38.86 | +55.42 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 247.01 | 252.36 | 255.69 | 261.04 | 264.37 | 269.72 | 273.05 |
| Camarilla | 256.64 | 257.44 | 258.23 | 259.03 | 259.83 | 260.62 | 261.42 |
| Woodie | 246.01 | 251.86 | 254.69 | 260.54 | 263.37 | 269.22 | 272.05 |
| Fibonacci | 252.36 | 255.67 | 257.72 | 261.04 | 264.35 | 266.40 | 269.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 225.75 | 241.09 | 255.26 | 270.60 | 284.77 | 300.11 | 314.28 |
| Camarilla | 261.31 | 264.01 | 266.72 | 269.42 | 272.13 | 274.83 | 277.54 |
| Woodie | 225.16 | 240.80 | 254.67 | 270.31 | 284.18 | 299.82 | 313.69 |
| Fibonacci | 241.09 | 252.37 | 259.33 | 270.60 | 281.88 | 288.84 | 300.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.64 | 238.04 | 266.08 | 299.48 | 327.52 | 360.92 | 388.96 |
| Camarilla | 277.21 | 282.85 | 288.48 | 294.11 | 299.74 | 305.37 | 311.01 |
| Woodie | 201.95 | 236.70 | 263.39 | 298.14 | 324.83 | 359.58 | 386.27 |
| Fibonacci | 238.04 | 261.51 | 276.01 | 299.48 | 322.95 | 337.45 | 360.92 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.16 | |
| MACD (12,26,9): | -9.1000 | |
| Directional Movement: | -14.96 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 269.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 287.97 | |
| Elder Ray (13): | -15.89 | |
| Super Trend (3,10): | 300.51 | |
| Zig ZAG (10): | 252.68 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 10.64 | |
| TEMA (21): | 259.50 | |
| Williams %R (14): | -95.73 | |
| Chande Momentum Oscillator (20): | -40.49 | |
| Repulse (5,40,3): | -7.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3000 | |
| Courbe Coppock: | 20.06 |
| MA7: | 268.59 | |
| MA20: | 284.33 | |
| MA50: | 297.70 | |
| MA100: | 261.94 | |
| MAexp7: | 266.82 | |
| MAexp20: | 279.28 | |
| MAexp50: | 281.38 | |
| MAexp100: | 263.46 | |
| Price / MA7: | -5.53% | |
| Price / MA20: | -10.76% | |
| Price / MA50: | -14.76% | |
| Price / MA100: | -3.13% | |
| Price / MAexp7: | -4.90% | |
| Price / MAexp20: | -9.14% | |
| Price / MAexp50: | -9.82% | |
| Price / MAexp100: | -3.69% |
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:
- QuantLR Secures Next-Generation Data Centers Against Data Breaches and Cyber Attacks With NVIDIA
- Veritone MARVEL.ai Synthetic Voice Solution Supports NVIDIA Omniverse Audio2Face
- NVIDIA Expands Reach With New GeForce Laptops and Desktops, GeForce NOW Partners, and Omniverse for Creators
- AT&T Teams Exclusively with NVIDIA to Give Gamers a 5G Boost with GeForce NOW Offer
- TuSimple Develops Autonomous Domain Controller Using NVIDIA DRIVE Orin to Bring Level 4 Autonomous Trucking to Market at Scale
This member declared not having a position on this financial instrument or a related financial instrument.
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