![]() ![]() ![]() 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 10.18% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$8.01 (+/-5.09%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Friday 11thįor the upcoming trading day on Friday, 11th we expect NVIDIA Corporation to open at $153.38, 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 19 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 4.69%. During the last day, the stock moved $11.98 between high and low, or 8.24%. 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 is considered to be a good technical signal. 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 40.02%. A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $141.74 and $128.25. 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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