NVIDIA CORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	NVDA
ISIN:

NVIDIA CORP. - 1H - Technical analysis published on 02/23/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 772.72 USD

My targets

799.34 USD (+1.78%)

My analysis

NVIDIA CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 772.72 USD. The next resistance located at 799.34 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NVIDIA CORP. rating is 785.38 USD. The price registered an increase of +16.40% on the session and was traded between 742.20 USD and 785.75 USD over the period. The price is currently at +5.82% from its lowest and -0.05% from its highest.

742.20

785.75

785.38

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NVIDIA CORP. chart shows a strongly bullish trend. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	662.91	739.00	781.54	785.38
Change (%)	-15.59%	-5.91%	-0.49%	-
Change	-122.47	-46.38	-3.84	-
Level	Intermediate	Major	Minor	-

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	712.92	727.56	756.47	771.11	800.02	814.66	843.57
Camarilla	773.40	777.40	781.39	785.38	789.37	793.36	797.36
Woodie	720.06	731.13	763.61	774.68	807.16	818.23	850.71
Fibonacci	727.56	744.20	754.47	771.11	787.75	798.02	814.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	649.61	672.90	699.52	722.81	749.43	772.72	799.34
Camarilla	712.41	716.98	721.56	726.13	730.71	735.28	739.86
Woodie	651.27	673.73	701.18	723.64	751.09	773.55	801.00
Fibonacci	672.90	691.97	703.75	722.81	741.88	753.66	772.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	352.27	412.74	514.00	574.47	675.73	736.20	837.46
Camarilla	570.79	585.62	600.45	615.27	630.10	644.92	659.75
Woodie	372.68	422.94	534.41	584.67	696.14	746.40	857.87
Fibonacci	412.74	474.52	512.69	574.47	636.25	674.42	736.20

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):	74.79
MACD (12,26,9):	18.3900
Directional Movement:	25.95
AROON (14):	50.00
DEMA (21):	753.46
Parabolic SAR (0,02-0,02-0,2):	692.28
Elder Ray (13):	35.40
Super Trend (3,10):	739.56
Zig ZAG (10):	785.38
VORTEX (21):	0.9500
Stochastique (14,3,5):	97.97
TEMA (21):	772.12
Williams %R (14):	-0.30
Chande Momentum Oscillator (20):	105.34
Repulse (5,40,3):	2.0800
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	22.73

MA7:	723.94
MA20:	683.52
MA50:	584.41
MA100:	520.19
MAexp7:	765.57
MAexp20:	735.28
MAexp50:	720.61
MAexp100:	699.42
Price / MA7:	+8.49%
Price / MA20:	+14.90%
Price / MA50:	+34.39%
Price / MA100:	+50.98%
Price / MAexp7:	+2.59%
Price / MAexp20:	+6.81%
Price / MAexp50:	+8.99%
Price / MAexp100:	+12.29%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on NVIDIA CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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