Can NVIDIA Rebound? Key Levels and RSI Oversold Signal

Key Technical Overview: $NVIDIA(NVDA)$ Weekly Chart

Support and Resistance Zones

• Support Area:

  Price has bounced off the same horizontal support zone twice (near $90), suggesting a key level of buying interest.

  This area has acted as a base for previous rallies in 2023 and 2024.

• Immediate Resistance – $105 (Blue Line):

  The first hurdle for any rebound attempt.

  A close above $105 could indicate a short-term recovery is in motion.

• Key Resistance for Trend Reversal – $122.60 (Red Line):

  For NVIDIA to signal the start of a new uptrend, it must break and hold above $122.60.

  A higher high above this level would mark the first technical sign of reversal after recent declines.

RSI Signal – First Time Below 30 Since 2023

• The weekly RSI has dipped below 30, indicating the stock is now in oversold territory.

• This is the first time since 2023 that the RSI has entered this level, reflecting strong selling pressure.

• While an RSI below 30 can suggest a potential bottom, it can also reflect continued downside momentum if not confirmed by price action.

• The drop in RSI below 30 may attract attention as a potential oversold opportunity — but confirmation via price movement is essential.

Using DLCs for Short-Term Trading on NVIDIA

• Directional Trading Tool

  Daily Leverage Certificates (DLCs) offer leveraged exposure to the short-term price movement of NVIDIA.

  They are available in both long and short formats, allowing participation in either upward or downward moves.

• If Price Rebounds or Breaks Immediate Resistance ($105) -

  Long DLCs (e.g $NVDA 3xLongSG261006(NVIW.SI)$ ) may increase in value if NVIDIA's share price rises.

  Traders may watch for momentum shifts near the current support zone or a break above resistance.

• If Price Fails to Hold Support or Reverses at Resistance -

  Short DLCs ( $NVDA 3xShortSG261006(NVDW.SI)$ ) may increase in value if the share price declines.

  These instruments are designed to benefit from short-term downward movements.

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Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.