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Nvidia Technical Analysis - Nvidia Trading: 2023-04-14
Nvidia Technical Analysis Summary
Below 263.17
Sell Stop
Above 277.67
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
Nvidia Chart Analysis
Nvidia Technical Analysis
The technical analysis of the Nvidia stock price chart on 4-hour timeframe shows #S-NVDA,H4 is retracing down toward the 200-period moving average MA(200) after hitting 12-month high two weeks ago. We believe the bearish momentum will resume after the price breaches below the lower boundary of Donchian channel at 263.17. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 277.67. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (277.67) without reaching the order (263.17), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Nvidia
Nvidia stock price edged down after the chip maker released latest graphics processing unit (GPU) with AI technology. Will the Nvidia stock price continue rebounding?
Nvidia launched its new AI-enablers gaming chip – GeForce RTX 4070 GPU on yesterday. The GPU went on sale at $599. It is Nvidia’s cheapest available GPU which uses AI technology and the company expects it to help lift its sales of gaming GPUs which have been negatively impacted by the weakening demand for its chips used in the gaming end market. NVDA’s gaming revenues plunged 46% year over year to $1.83 billion and accounted for 30.3% of total fourth-quarter fiscal 2023 revenues. Launch of a new advanced product is bullish for a company stock. However, Nvidia stock edged down 0.12% on the day after the launch. The current setup is bearish for the stock price.
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