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Nvidia Technical Analysis - Nvidia Trading: 2024-11-18
Nvidia Technical Analysis Summary
Below 139.99
Sell Stop
Above 149.66
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
Nvidia Chart Analysis
Nvidia Technical Analysis
The technical analysis of the Nvidia stock price chart on 4-hour timeframe shows #S-NVDA,H4 is retracing down toward the 200-period moving average MA(200) after hitting all-time high ten days ago. We believe the bearish momentum will persist after the price breaches below the lower boundary of Donchian channel at 139.99. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 149.66. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (149.66) without reaching the order (139.99), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Nvidia
Nvidia's new Blackwell AI chips are overheating in servers, the Information reported on Sunday. Will the Nvidia stock price continue retracting lower?
The Blackwell graphics processing units overheat when connected together in server racks designed to hold up to 72 chips, according to reports. Some customers worry they will not have enough time to get new data centers up and running. Nvidia unveiled Blackwell chips in March after earlier announcement they would ship in the second quarter. The chip maker encountered delays potentially affecting customers such as Meta Platforms, Alphabet's Google and Microsoft. The company has asked its suppliers to change the design of the racks several times to resolve overheating problems, according to Nvidia employees. Blackwell chip takes two squares of silicon the size of the company's previous offering and binds them into a single component that is 30 times speedier at tasks like providing responses from chatbots. Delays in the launch of a new advanced product is bearish for a company stock. Nvidia is scheduled to release its quarterly earnings the day after tomorrow on Wednesday and a guidance with elevated demand for its Blackwell AI chips is an upside risk for the company’s stock price.
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