If NVIDIA Corporation takes out the full calculated possible swing range there will be an estimated 11.67% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$6.98 (+/-5.84%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Friday 14thįor the upcoming trading day on Friday, 14th we expect NVIDIA Corporation to open at $116.17, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 6.36%. During the last day, the stock moved $12.65 between high and low, or 11.70%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. NVIDIA finds support from accumulated volume at $116.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This is considered to be a good technical signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Wednesday, October 12, 2022, and so far it has risen 4.00%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $121.62 and $133.72. 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. The NVIDIA stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. There are mixed signals in the stock today.
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