NVIDIA CORP. - Daily - Technical analysis published on 09/23/2019 (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:
Bullish
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 171.48 USD
My targets
178.55 USD (+2.32%)
184.45 USD (+5.70%)
My analysis
A bullish trend on NVIDIA CORP. both in substance and in the short term. A purchase could be considered as long as the price remains above 171.48 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 178.55 USD. Then the price could move towards 184.45 USD. Then 192.10 USD by extension. Be careful, a return below 171.48 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
2.5
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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 174.50 USD. On the day, this instrument gained +1.05% and was between 172.55 USD and 174.80 USD. This implies that the price is at +1.13% from its lowest and at -0.17% from its highest.172.55
174.80
174.50
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:
Technical
A technical analysis in Daily of this NVIDIA CORP. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
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 these signals:
Near horizontal support
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 | 148.92 | 160.08 | 171.48 | 174.50 | 178.55 | 184.45 | 192.10 |
| Change (%) | -14.66% | -8.26% | -1.73% | - | +2.32% | +5.70% | +10.09% |
| Change | -25.58 | -14.42 | -3.02 | - | +4.05 | +9.95 | +17.60 |
| Level | Major | Major | Intermediate | - | Major | Minor | 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 | 165.13 | 168.70 | 170.70 | 174.27 | 179.76 | 182.59 | 184.21 |
| Camarilla | 171.16 | 171.67 | 172.18 | 172.69 | 173.20 | 173.71 | 174.22 |
| Woodie | 164.34 | 168.31 | 169.91 | 173.88 | 175.48 | 179.45 | 181.05 |
| Fibonacci | 168.70 | 170.83 | 172.15 | 174.27 | 176.40 | 177.72 | 179.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.13 | 166.20 | 169.45 | 175.52 | 187.30 | 192.65 | 196.91 |
| Camarilla | 170.13 | 170.98 | 171.84 | 172.69 | 173.54 | 174.40 | 175.25 |
| Woodie | 158.71 | 165.50 | 168.03 | 174.82 | 177.35 | 184.14 | 186.67 |
| Fibonacci | 166.20 | 169.76 | 171.96 | 175.52 | 179.08 | 181.28 | 184.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.05 | 136.65 | 152.08 | 162.68 | 178.11 | 188.71 | 204.14 |
| Camarilla | 160.35 | 162.74 | 165.12 | 167.51 | 169.90 | 172.28 | 174.67 |
| Woodie | 128.47 | 137.86 | 154.50 | 163.89 | 180.53 | 189.92 | 206.56 |
| Fibonacci | 136.65 | 146.59 | 152.74 | 162.68 | 172.62 | 178.77 | 188.71 |
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): | 49.40 | |
| MACD (12,26,9): | 3.2000 | |
| Directional Movement: | 1.32 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 179.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 187.30 | |
| Elder Ray (13): | -3.39 | |
| Super Trend (3,10): | 169.37 | |
| Zig ZAG (10): | 173.64 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 41.28 | |
| TEMA (21): | 180.22 | |
| Williams %R (14): | -64.95 | |
| Chande Momentum Oscillator (20): | -5.61 | |
| Repulse (5,40,3): | -2.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 12.65 |
| MA7: | 178.13 | |
| MA20: | 174.07 | |
| MA50: | 168.45 | |
| MA100: | 162.16 | |
| MAexp7: | 176.91 | |
| MAexp20: | 174.73 | |
| MAexp50: | 169.47 | |
| MAexp100: | 167.35 | |
| Price / MA7: | -2.04% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | +3.59% | |
| Price / MA100: | +7.61% | |
| Price / MAexp7: | -1.29% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +3.04% | |
| Price / MAexp100: | +4.35% |
News
The last news published on NVIDIA CORP. at the time of the generation of this analysis was as follows:
- Thinking about trading options or stock in Blackstone, NVIDIA, Philip Morris, Roku, or Starbucks?
- NVIDIA Quadro RTX 6000 Powers World’s Fastest Laptop — ASUS ProArt StudioBook One
- Transform Joins NVIDIA Inception Program
- NVIDIA Announces Upcoming Event for Financial Community
- ‘Minecraft’ is RTX On! Real-Time Ray Tracing Comes to World’s Best-Selling Video Game
This member declared not having a position on this financial instrument or a related financial instrument.
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