Technical Analysis

To perform a comprehensive technical analysis of NVDA stock, here is the detailed breakdown:

Technical Analysis

Price Movement

• Last Close: $134.43 (2025-02-21)
• Current Price: $135.03 (Post-market)
• Daily Change: -4.05% during regular trading, +0.44% post-market.
• Support and Resistance Levels:
  • Pivot Point: $134.64
  • Resistance Levels:
    • R1: $141.68
    • R2: $146.03
    • R3: $153.08
  • Support Levels:
    • S1: $127.59
    • S2: $123.24
    • S3: $116.20

Indicators

• RSI (14): 50.79 (Neutral Zone)
• MACD: Positive at 0.99, but the histogram shows a declining trend, indicating weakening bullish momentum.
• Stochastic Oscillator (14,3,3): %K at 81.87 and %D at 86.55, suggesting overbought conditions.
• Bollinger Bands:
  • Lower Band: $106.67
  • Middle Band: $130.10
  • Upper Band: $153.53
  • Current Price Position: Near the middle band, indicating a neutral stance.

Trend Analysis

• NVDA has been in a short-term downtrend, with a significant drop of 4.05% on the last trading day. The price is testing the pivot level of $134.64, which could act as a critical support.

Volume

• Volume: 228.2M shares traded on 2025-02-21, indicating strong activity but likely driven by selling pressure.

Recommendation

• Buy or Sell?
  • Short-term: NVDA is currently in a consolidation phase with bearish momentum. If the price breaks below $134.64, further downside toward $127.59 is likely. A cautious approach is recommended.
  • Long-term: NVDA remains a leader in AI and GPU markets, and upcoming earnings on February 26 could act as a catalyst. Consider waiting for earnings results or a confirmed breakout above $141.68 for a bullish entry.