CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

NVDA Price Prediction: Sellers pressed the lower band as support comes into view

Blockchain.News logo

Published on

Add as a preferred source on Google
NVDA Price Prediction: Sellers pressed the lower band as support comes into view

NVDA is trading at $199.73, down 4.14% over the last 24 hours, after moving into the lower end of its daily range and just above the Bollinger lower band at $199.29. Melius Research’s Ben Reitzes c...

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

NVDA closed the latest 24-hour observation at $199.73, down 4.14% from the prior reading, with the day’s range running from $211.37 to $197.29. Price is now sitting just above the lower Bollinger Band at $199.29 and below the 20-day middle band at $211.34, which shows the stock has moved to the lower edge of its recent volatility range rather than holding near the center.

The broader trend remains soft. NVDA is below its 7-day SMA at $204.23, the 20-day SMA at $211.34, the 50-day SMA at $221.28, and the 200-day SMA at $214.06. It is also below the 12-day EMA at $207.42 and the 26-day EMA at $212.86. Taken together, those levels show price is trading under layered overhead supply rather than reclaiming a short-term trend base.

The daily RSI of 32.75 sits near the lower end of the neutral zone. Stochastic readings are even weaker, with %K at 10.51 and %D at 8.40, which indicates the recent decline has pushed the stock into an oversold short-term zone.

That said, the momentum data still does not confirm a turn higher on its own. 0000, so the setup remains weak rather than showing a clean bullish crossover.


Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.