Since the stock is closer to the support from accumulated volume at $131.31 (0.98%)
#Nvda stock price tsx full
If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 10.56% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$7.00 (+/-5.28%) up or down from last closing price.
Trading Expectations For The Upcoming Trading Day Of Wednesday 26thįor the upcoming trading day on Wednesday, 26th we expect NVIDIA Corporation to open at $130.75, and during the day (based on 14 day Average True Range), There is a buy signal from a pivot bottom found 7 days ago.) (This stock has medium daily movements and this gives medium risk. As we cannot be certain with regards to the size of the reaction, we urge caution. Since the NVIDIA has been rising for 8 days in a row, the risk over the next couple of days has increased. For the last week, the stock has had daily average volatility of 5.07%.
During the last day, the stock moved $6.36 between high and low, or 5.02%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. NVIDIA finds support from accumulated volume at $131.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. 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 18.12%. A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $123.47 and $126.88. The NVIDIA stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
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