Daily Scoop🍨: Nvidia (NVDA) 2-Day Jump Sell Off At Highest

$NVIDIA(NVDA)$  

The NVIDIA stock price increased 2.04% on the most recent trading day (Tuesday, 22nd Apr 2025), moving from $96.91 to $98.89. Throughout the last trading session, the stock experienced a fluctuation of 2.60%, with a low of $97.28 and a high of $99.81. Although the price has declined in 6 of the last 10 days, it remains up by 1.28% over the past two weeks. On the last day, volume decreased by -42 million shares, with a total of 231 million shares traded, amounting to approximately $22.86 billion. It is important to note that declining volume amidst rising prices can indicate divergence and may serve as an early warning of potential changes in the coming days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.78% during the next 3 months and, with a 90% probability hold a price between $69.15 and $91.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

NVDA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 04, 2025, and so far it has risen 4.86%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NVIDIA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $105.08 and $110.50. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for NVIDIA stock

NVIDIA finds support from accumulated volume at $97.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.53 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 4.15%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NVDA) For The Upcoming Trading Day Of Wednesday 23rd

For the upcoming trading day on Wednesday, 23rd we expect NVIDIA Corporation to open at $98.66, and during the day (based on 14 day Average True Range), to move between $91.66 and $106.12, which gives a possible trading interval of +/-$7.23 (+/-7.31%) up or down from last closing price. If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 14.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $97.64 (1.26%) than the resistance at $114.33 (15.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Insiders are Very Negative Selling More Shares Than They Are Buying In NVIDIA

In the last 100 trades there were 1.81 million shares bought and 8.52 million shares sold. The last trade was made 33 days ago by Robertson Donald F Jr who sold 1.9 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.

Is NVIDIA Corporation stock A Buy?

NVIDIA holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.


Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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