Trading Expectations For The Upcoming Trading Day Of Thursday 20thįor the upcoming trading day on Thursday, 20th we expect NVIDIA Corporation to open at $120.78, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 7.08%. During the last day, the stock moved $5.16 between high and low, or 4.36%. 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 $119.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. On a fall, the stock will find some support from the short-term average at $117.40. On further gains, the stock will meet resistance from the long-term moving average at $128.49. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. The NVIDIA stock holds a buy signal from the short-term moving average at the same time, however, the long-term average holds a general sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 7.34%.

Nvda stock prediction tomorrow