Since the stock is closer to the resistance from accumulated volume at $162.60 If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 9.94% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$8.08 (+/-4.97%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Monday 14thįor the upcoming trading day on Monday, 14th we expect NVIDIA Corporation to open at $160.43, and during the day (based on 14 day Average True Range), This stock just gave a major “buy” signal from moving averages* > There is a buy signal from a pivot bottom found 20 days ago.) (This stock has high daily movements and this gives high risk.
For the last week, the stock has had daily average volatility of 5.08%. During the last day, the stock moved $9.07 between high and low, or 5.86%. This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". If this is broken, then the next support from accumulated volume will be at $132.61 and $131.76. In this case, NVIDIA finds support just below today's level at $139.37. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. On the downside, the stock finds support just below today's level from accumulated volume at $139.37 and $132.61. This causes a divergence between volume and price and it may be an early warning. Volume fell during the last trading day despite gaining prices. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Friday, October 14, 2022, and so far it has risen 44.81%. A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $146.08 and $129.32. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
The NVIDIA stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Mostly positive signals in the chart today.
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