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NVDA

NVDA | SHORT NASDAQ:NVDA Possible Scenario: SHORT Evidence: The asset has moved outside of the Keltner channel on a monthly timeframe and is overbought across all timeframes. We are currently in the AI Bubble Era, with the economy facing potential challenges such as the possibility of a debt crash, a commercial real estate crash, or a regional banks crash, among others. Target Prices: TP1: $600 TP2: $400 TP3: $270 A 70 to 90 percent retracement is not an unusual scenario when a bubble bursts, similar to what occurred with many companies during the dot-com bubble. Conclusion: The stock market is at risk of collapsing due to the AI bubble.
NASDAQ:NVDAShort
by shkspr
2
Nvidia - Struggling at the highs!Hello Traders and Investors, today I will take a look at Nvidia. -------- Explanation of my video analysis: For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of months, it is quite likely that we will see at least a short term correction towards the downside, retesting the previous all time high. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDA
by basictradingtv
11
🗓️Weekly Report: Key levels & Trade IdeasGENERAL MARKET REVIEW Concerns over a potential military attack by Iran on Israel triggered a gap down in the market at the beginning of trading on Friday. Following these events, there was a surge in oil prices, which then led to widespread sell-offs across the board. Virtually all stocks took a hit, with growth stocks experiencing declines ranging from $2 to $72, notably including MicroStrategy NASDAQ:MSTR . For this evening's analysis, we'll begin by examining the charts of the Nasdaq-100 (QQQ) and the S&P-500 (SPX). –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– SPX-500 The SP:SPX has been movig lower and plundged to the 50-day Simple Moving Average (red) on Friday. Holding this line could lead to an oversold bounce on the market. However, should a broader market selling start, then it is very possible that we test the 5000 psychological level or even the 4700 level that was rejected in August 2023 and February 2023. 💡Another interesting fact SP:SPX has created 22 all time highs this year (2024) and returned more than 25% over the past five months and has gone more than 1 year without experiancng a 1 day decling more than -2%. This is the 6th longest such streak since 1965. If you are wondering when are the other times: 2007, 1986, 1996, 2018, 1993. On average the index makes only 29 consecutive trading days without a 1 day that has more than -2% decline💡 –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– QQQ Very similar as it is clinging on the 50-day Simple Moving Average. QQQ and SPX are holding much better than the IWM or DIA, which have been consistently underperforming on their Relative Strength against the SPX. –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– META Meta has earnings on 24April (Wednesday). It has been holding very well and is a constructive pattern. You can see a triangle forming. Pay attention to the volume pattern. When the stock is moving up in this base the volume bars are higher than when the stock is moving lower –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– NVDA Too choppy for anything more than a quick trade. Next Technical buy point for me is at the $974 on heavy volume. I could start nibble on it with a quarter or a half position size as it is making constructive formations within this forming base. Constructive formations = higher highs, tight pivots. This is very watched stock so it would have high correlation to the general market
SP:SPX
by TintinTrading
101% Option Play on NVDA Today! Just wanted to share our heck of a option play that we pulled this morning with NVDA, as a projected pullback from the recent bounce and reaction from the CPI/PPI/Unemply. Data that was release this weekend. CNBC Analysts touted this as a safehaven, but I thought it was a false narrative based on the TA and what we were seeing on the charts going into the Aftermarket Session, yesterday. Pullbacks are healthy, so we exact a rebound back to the north based on the past few trading sessions. Stay Tuned for more as we move forward with providing you our Daily MyMI Option Playz at MyMI Wallet!
NASDAQ:NVDAShort
by MyMIWallet
Weakening Patterns: NVDANASDAQ:NVDA is over-speculated on the short-term and intermediate-term trends. It has minimal support nearby for holding for a position trade. Without retail groups or smaller funds, the price action is weakening at this time. Nvidia doesn't report until May 22 which is very late in the season but for now, it has some minor rotation going on. If it continues to hold above the black line, then it can pattern out the excessive price gains. This is not a strong sell short opportunity, but it is important to keep an eye on this stock for the next couple of weeks.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
Nvidia's Downturn: Correction or Cyclical Shift?Nvidia, the undisputed leader in graphics processing units (GPUs), has hit a rough patch. After a stellar run that saw its stock price reach record highs, the company has entered correction territory, with its share price dropping over 10% from its peak. This sudden decline has sent shockwaves through the tech industry, prompting questions about the company's future and the broader health of the chip market. A Look Back: Nvidia's Meteoric Rise The past few years have been a golden age for Nvidia. Fueled by the surging demand for high-performance computing across various sectors, the company enjoyed phenomenal growth. • Gaming Boom: The surging popularity of video games, particularly during the pandemic lockdowns, led to a massive increase in demand for Nvidia's powerful GPUs, which are essential for delivering high-fidelity graphics experiences. • AI Revolution: The rapid advancement of artificial intelligence (AI) applications, from self-driving cars to facial recognition technology, created a growing need for Nvidia's specialized AI processing units (AIGPU). • Cryptocurrency Craze: The rise of cryptocurrencies like Bitcoin and Ethereum, which rely heavily on GPUs for mining, further boosted Nvidia's sales. These factors combined to propel Nvidia's stock price to dizzying heights, culminating in an all-time high of $950 per share in late March 2024. A Rude Awakening: Entering Correction Territory However, the recent weeks have painted a different picture. As of April 10, 2024, Nvidia's stock price has fallen over 10% from its peak, officially entering "correction territory." This is typically defined as a decline of 10% to 20% from a recent high and is often seen as a sign of a market overcorrection or a fundamental shift in the company's prospects. Possible Causes for the Downturn: Several factors could be contributing to Nvidia's current woes: • Market Saturation: The gaming industry might be approaching a saturation point in terms of high-end PC sales. This could lead to a decline in demand for Nvidia's top-tier GPUs. • Cryptocurrency Volatility: The recent slump in cryptocurrency prices has led to a decrease in mining activity, potentially impacting Nvidia's sales to miners. • Supply Chain Concerns: Ongoing global supply chain disruptions could be hindering Nvidia's ability to meet production demands, leading to shortages and price hikes. • Analyst Cautiousness: Some analysts are expressing concerns about the sustainability of Nvidia's growth trajectory, particularly in the face of increasing competition from other chip manufacturers. Is This Just a Temporary Blip? Despite the recent decline, some experts remain optimistic about Nvidia's long-term prospects. Here's why: • The Metaverse Advantage: The burgeoning metaverse, a virtual reality-based online world, requires powerful graphics processing capabilities, which could be a major growth driver for Nvidia. • AI Adoption Continues: The adoption of AI across various industries is expected to continue at a rapid pace, ensuring a sustained demand for Nvidia's AIGPUs. • Innovation Powerhouse: Nvidia is known for its constant innovation and cutting-edge technology development. This could lead to new product categories and revenue streams in the future. Navigating the Uncertainty: What Investors Should Consider With conflicting signals emerging, investors are grappling with whether this is a buying opportunity or a sign of a more significant downturn. Here are some key considerations: • Market Sentiment: Keep a close eye on the broader tech market and overall economic conditions. Factors like interest rate hikes and inflation can impact investor confidence and, consequently, technology stocks. • Company Performance: Evaluate Nvidia's recent financial performance, future product roadmaps, and its response to emerging challenges. Are they taking steps to address supply chain issues or developing new markets? • Analyst Opinions: While not infallible, analyst ratings can offer valuable insights into the potential risks and opportunities for Nvidia. Beyond Nvidia: The Broader Chip Market The correction in Nvidia's stock price might be indicative of a broader slowdown in the chip market. Investors should monitor other major chipmakers like AMD and Intel to gauge the overall industry sentiment. Conclusion: A Crossroads for Nvidia Nvidia undoubtedly faces headwinds, with its stock entering a correction territory. However, the company's strong fundamentals and position in high-growth markets like AI and the metaverse suggest its long-term potential remains intact. Investors should carefully consider the company's future prospects, the broader tech market landscape, and their own risk tolerance before making any investment decisions. The coming months will be crucial for Nvidia to navigate these challenges and demonstrate its ability to sustain its impressive growth trajectory.
NASDAQ:NVDAShort
by bryandowningqln
NVIDIA (NVDA): Why $1,077 Could Be Just the Beginning!NVIDIA (NVDA): NASDAQ:NVDA In our last analysis of NVIDIA, we presented an alternative scenario. However, given NVIDIA's relentless momentum, we find ourselves needing to adjust this scenario once more. We are now inclined to believe that we are still within a subordinate Wave 3 of the overarching Wave (3), anticipating that the price must reach at least the $1,030 mark, particularly considering the subordinate Wave ((iii)) precisely hit the 461.8% level. Following a rapid sell-off to Wave (a), we've observed the formation of Wave (b) with a three-wave structure right at the 100% mark. This leads us to position an entry for Wave (c) or Wave ((iv)), as we theoretically should achieve the 100% mark here too, aligning with the minimum 23.6% level for a Wave 4 around the 100% mark, thus establishing our entry point. Moreover, the gap present, along with the underlying support zone, could be crucial. Hence, we're setting our stop-loss just below this zone. For the upward movement, we anticipate that the subordinate Wave ((v)) of Wave 3 could reach at least up to $1,077, fitting within our minimum target range for Wave 3 and aligning well with our expectations. Should the price drop below this level, other zones could potentially accommodate a Wave ((iv)), but such a scenario would not be as rule-compliant, making this current scenario more likely than others. Considering NVIDIA's recent performance, this setup presents a favorable risk-to-reward ratio for a short-term trade. R:R - 6.3 Risk: max. 1%
NASDAQ:NVDALong
by freeguy_by_wmc
Nvidia Enters Correction Zone After Plummeting by 10%Chipmaking giant Nvidia ( NASDAQ:NVDA ) finds itself navigating the stormy seas of correction territory. With shares down 10% from their recent all-time highs, investors are left wondering: what lies ahead for this AI powerhouse? Nvidia's ascent to prominence has been nothing short of remarkable, fueled by the insatiable demand for its graphics processing units (GPUs) in the era of artificial intelligence. From powering compute-intensive AI applications to serving as the backbone of data centers, Nvidia's chips have been instrumental in driving the AI revolution forward. However, as the dust settles and the euphoria of past gains fades, investors are left pondering the reasons behind Nvidia's recent downturn. One catalyst could be the unveiling of Intel's new AI chip, Gaudi 3, which promises to rival Nvidia's most advanced offerings. Boasting superior power efficiency and faster AI model processing capabilities, Intel's chip represents a formidable challenge to Nvidia's dominance in the AI space. Moreover, analysts at D.A. Davidson have raised concerns about a potential cyclical downturn on the horizon for Nvidia. They point to factors such as the shrinking size of AI models and increased competition from alternative solutions, which could dampen demand for Nvidia's stock in the coming years. Despite these headwinds, Nvidia ( NASDAQ:NVDA ) remains a titan in the world of AI technology, with a track record of delivering stellar financial performance. The company's recent earnings report showcased a staggering 486% jump in non-GAAP earnings per diluted share, underscoring the continued strength of its business. As investors grapple with the uncertainty of market corrections and the evolving landscape of AI technology, Nvidia stands at a crossroads. Will it weather the storm and emerge stronger than ever, or will it succumb to the pressures of increased competition and shifting market dynamics? Only time will tell. In the meantime, investors would be wise to keep a close eye on Nvidia's strategic moves and technological advancements, as they may hold the key to its future success in an ever-changing landscape. Technical Outlook Nvidia ( NASDAQ:NVDA ) stock is in a downward Trend with the stock closing at 2% loss in Tuesday's trading session. With a weak Relative Strength Index (RSI) of 44.99 paving way for further decline. Nvidia's ( NASDAQ:NVDA ) 4-month price chart shows a three-black bearish crow candlestick pattern further attesting to the bearish trend of this thesis. In conclusion, while Nvidia ( NASDAQ:NVDA ) may be facing challenges in the present moment, its long-term prospects remain promising. As it adapts to the evolving demands of the AI market and navigates the complexities of correction territory, Nvidia has the potential to emerge as a resilient and enduring force in the world of technology.
NASDAQ:NVDAShort
by DEXWireNews
NVDA breaks below support lineNVDA today broke below its support line after breaking its long term upward trend on April 4th. Broke upward trend and held breakdown earlier this week. Broke below support today on strong volume indicating confirmation of movement. Started to recover on weak volume indicating disagreement on movement. I am expecting NVDA to come back up to support, test it and fail continuing its decline. Action item: closed my long position and opening an option put.
NASDAQ:NVDAShort
by ratchet-mint
3
NVDA:is the top in or $1000 nextNVDA go a little bounce on Friday from a little hidden bullish divergence in the MACD histogram. It also put in an inside bar, so, not a very good look at the moment. Right now, last Thursday's high and low will be the range to break. If this week price can break above $906, then the chance for making $1000 increases. Perhaps, that is what the company is looking for to maximize the stock split, or perhaps the market wants the magic number to unload. If $857 break down, then the EW count gets momentum. But to confirm that the downtrend has started or not, we need a full 5 wave sequence completed. Along with a breach of the long term trendline, it will be sell every bounce for NVDA for the foreseeable future. Cycle degree wave 4 can last for a few years. NVDA is going to be a bit difficult to trade in the short term, so, keeping an open mind and fast fingers will be crucial.
NASDAQ:NVDA
by mukit1
Why did HPE Breakout?As shown on the one-hour chart, in the last trading session, HPE broke out of its usual trading the range being the blue high-volume area on the profile. This is with increased volatility as shown by the indicator and the large top wicks on the rising green candles. Why did this occur? Were traders simply buying anything in the IT sector vaguely related to AI after the NVDA breakout? Does HPE have a role in artificial intelligence? Was this a sympathy play? The Luxalgo Supply / Demand indicator shows supply immediately overhead. The wicks on the last several candles show a defined level. This might be called a " tweezer top " Overall, I see this as an excellent short setup to be played with either short selling or a put option as the retracement seems inevitable.
NYSE:HPEShort
by AwesomeAvani
Nvidia Heads towards Long Held Target of $834I recently gave an explanation for b-waves that stated: Sometimes B-waves can be difficult to track as an Elliottition. B-waves, and wave 4's serve a very healthy, potentially complex, but totally rational role, in the advance or decline of price within a market place/security. They represent the competing viewpoints about the direction of a security and it is within these areas, market participants are willing to dedicate capital to see their perspectives come to fruition. Ultimately, we know they're wrong, because these pattern attributes are counter trend areas of consolidation, technical reset, etc. With our (b) wave completed, we can now turn our attention to the target box where the $834 should be visited on a minimal basis, with the outsized chance of $753 to get even deeper in the target box. From there, we'll make an assessment as to potential future price forecasts. Best to all, Chris
NASDAQ:NVDA
by maikisch
Relative Strength between NVDA and TSLA about to shift.Head and Should Pattern on TSLA/NVDA chart. This chart basically shows the relative strength between these two stocks, if we have a follow through tomorrow. TSLA will outrun NVDA in the short-term. Meaning: 1. If we are going to have a bounce tomorrow, TSLA will most likely to outrun NVDA. 2. If Non-Farm and Unemployment rate kill the market tomorrow, TSLA will most likely to drop less than NVDA. However, I think SOXL is currently sitting at the trendline support. I think bounce is imminent in the near term.
NASDAQ:TSLALong
by Caidan