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Downtrend Broken Resist.Archive
- 1/10/2025 -
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NVIDIA Corp. (NVDA) Technical Analysis
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| Summary:
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| | It was the negative week for the NVIDIA Corp. (NVDA). During the week, the NVDA dropped -8.60 points, or -5.95%, and closed at 135.90 on Friday, January 10, 2025. It was the worst weekly loss since September 6, 2024. Weekly volume was -29% below average.
NVDA is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NVDA long-term trend chart]
A long-term downtrend had started on November 21, 2024 at 152.90 and reached 126.90 on December 17, 2024. NVDA lost 26.00 points, or 17.00%, in 3 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (121.25) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See NVDA medium-term trend chart]
A medium-term uptrend had started on December 17, 2024 at 126.90 and reached 153.10 on January 7, 2025. NVDA gained -26.20 points, or -20.65%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (138.40) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See NVDA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 22, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See NVDA short-term trend chart]
A short-term downtrend had started on January 7, 2025 at 153.10 and reached 134.20 on January 10, 2025. NVDA lost 18.90 points, or 12.34%, in 3 days. The price is now at the 8.99% retracement level.
Daily Technical Indicators: [See NVDA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 23, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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