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NVDA Price Prediction: Price holds above pivot as derivatives lean long, but momentum remains soft

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NVDA Price Prediction: Price holds above pivot as derivatives lean long, but momentum remains soft

NVIDIA’s shares were last reported with Melius Research reiterating a Buy rating on November 2, 2026, while lowering its price target to $315, citing valuation pressure and the capital demands of t...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

NVIDIA’s publicly traded shares were the subject of a November 2, 2026 note from Melius Research, which reiterated a Buy rating and lowered its price target to $315. The stated reason was valuation pressure and the substantial securities issuance needed to finance the AI infrastructure buildout. That view applies to NVIDIA Corporation’s stock, not to a separately rated product.

On Binance Futures, the NVDA contract finished the latest 24-hour period at $208.37, up 2.21%, after trading between $201.88 and $211.34 on volume of $317,423,023. The contract is holding above the pivot point at $207.20 and above the 7-day simple moving average at $206.76, but it remains below the 20-day average at $212.41 and the 200-day average at $214.10. In practical terms, price has recovered from the lower part of the range, but it has not yet cleared the levels that would show stronger trend repair.

The chart is not showing a clean breakout. 43. 41, and the contract is still below it. 64, which keeps momentum in a neutral zone rather than an overbought or oversold one. 0000, pointing to momentum that is still weak rather than clearly improving.



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