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Nvidia Technical Analysis - Nvidia Trading: 2021-12-30
Nvidia Technical Analysis Summary
Above 312.93
Buy Stop
Below 271.32
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Nvidia Chart Analysis
Nvidia Technical Analysis
The technical analysis of the Nvidia stock price chart on daily timeframe shows #S-NVDA, Daily has breached above the resistance line above the 200-day moving average MA(200) which is tilted up. We believe the bullish momentum will resume after the price breaches above the upper boundary of Donchian channel at 312.93. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower boundary of Donchian channel at 271.32. After placing the order, the stop loss is to be moved every day to the next fractal low, 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 (271.32) without reaching the order (312.93), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Nvidia
Nvidia stock has been retreating after closing at all time high five weeks ago. Will the Nvidia stock price continue retreating despite global chip shortages?
Semiconductor chip stocks have been rising amid supply shortages and strong demand. NVIDIA Corporation operates as a visual computing company worldwide in two segments: graphics and compute & networking. Its market capitalization is $747.62 billion. The compute & networking segment offers data center platforms and systems for artificial intelligence, high performance computing, and accelerated computing. In the third quarter, Nvidia earnings jumped 61% while sales surged 50%. FactSet analysts estimate revenue will increase 59% in 2022. The stock is trading at P/E ratio (Trailing Twelve Months) of 92.51 currently. Next earnings dates are February 22- 28, 2022. Nvidia is seen as a key supplier of chips and computing power for emerging metaverse – the immersive internet realm. It is expanding in AI chips, used in supercomputers, data centers, drug development and driverless cars - it will supply the chip that acts as the "brain" for the Nio (NIO) ET7, a highly autonomous electric vehicle expected to arrive in Q1 2022. There is a global chips shortage currently - the pandemic fueled demand for Nvidia chips in home computing, video games and data centers. Rising chip demand is bullish for Nvidia shares.
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