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Nvidia Technical Analysis - Nvidia Trading: 2024-05-15
Nvidia Technical Analysis Summary
Above 915.96
Buy Stop
Below 888.26
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Nvidia Chart Analysis
Nvidia Technical Analysis
The technical analysis of the Nvidia stock price chart on 4-hour timeframe shows #S-NVDA,H4 is trading in a range above 200-period moving average MA(200) which is rising still. We believe the bullish momentum will persist after the price breaches above the upper boundary of Donchian channel at 915.96. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 888.26. After placing the order, the stop loss is to be moved every day to the next fractal low, 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 (888.26) without reaching the order (915.96), 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 rose after news the chip maker is enhancing capabilities of its supercomputing centers. Will the Nvidia stock price continue advancing?
Nvidia is extending the capabilities of its supercomputing centers worldwide with its CUDA-Q platform. The company is using quantum processing units (QPUs) to improve its high-performance computing systems across Germany, Japan and Poland. Analysts expect the company will gain from the growing AI trend and high-performance computing requirements for data analysis and machine learning throughout the world. The enhancement of quantum computing centers will add new prospects for Nvidia. Rising technological capabilities of Nvidia computing centers is bullish for the stock price.
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