Trading Signals: NVDA Stock Price Prediction and Forecast

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Wed. Feb. 28, 2024

Trading Signals: NVDA Stock Price Prediction and Forecast (Tue. Jul. 26, 2016 - Fri. Apr. 26, 2024)

(Nvidia Stock)
NVDA latest price $775.6700 (-1.64%) ($775.6700 - $775.6700) on Wed. Feb. 28, 2024.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.9% (three month average)
RSI   67
Latest Price   $775.6700(-1.64%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   NVDA advances 2.6% a day on average for past five trading days.
Weekly Trend   NVDA advances 5.5% a week on average for past two weeks.
Market Behavior   Normal for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support NVDA advance at 0% a week (0% probability)
SMH(88%)    IVW(79%)    QQQ(77%)    SPY(68%)    IWO(48%)
Factors Impacting NVDA price   NVDA will decline at least -1.45% in a week (0% probabilities).
VXX(-44%)    VIXM(-17%)    TAN(-14%)    GDX(-7%)    XLE(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.45% (StdDev 2.9%)
Hourly BBV -1.1 ()
Intraday Trend 0%

5 Day Moving Average   $786.65(-1.4%)
10 Day Moving Average   $750.84(3.31%)
20 Day Moving Average   $719.57(7.8%)
To recent high   -2.2%
To recent low   70.4%
Market Cap   $477.037b

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The company was founded by Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.

$. NVDA price fluctuates within 7% (three month std-dev: 2.9%) daily (68% of days).

Sample size 41 Average positive next day return: 2.03%(41%) Average negative next day return: -2.32%(59%) Sample size 41 Average positive next three day return: 6.2%(49%) Average negative next three day return: -4.69%(51%) Sample size 41 Average positive next weekly return: 7.1%(51%) Average negative next weekly return: -6.63%(49%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Feb_28_2024	537.31	719.57	750.84	786.65	786.96	782.12	775.67(-1.64%)	CR	SmallShort	-20	-0.2	-105	-40	-157	51	35.02	77%	0.62	89.4	2.9%	-1.1	1.1	67	1.4
2	Feb_27_2024	534.02	712.29	745.2	766.5	789.4	790.82	788.57(-0.57%)	UD	OpenLong	75	0.4	275	100	296	212	36.14	77%	0.66	78.4	2.89%	-0.7	1.5	72	1.6
3	Feb_26_2024	530.52	704.02	738.28	747.52	760.99	791.81	793.08(0.32%)	UT	OpenLong	75	0.9	305	340	338	207	46.98	77%	0.67	70.7	2.88%	0	1.7	69	1.3
4	Feb_23_2024	527.01	694.82	730.59	734.04	736.14	787.98	790.53(0.65%)	UT	OpenLong	75	1.1	1017	500	1177	538	78.37	77%	0.68	66.2	2.9%	0.7	1.9	73	1.8
5	Feb_22_2024	523.44	685.92	720.82	721.16	719.89	730.18	785.39(16.36%)	UT	HoldLong	65	1.3	819	90	944	443	79.23	75%	0.69	67.2	2.93%	1.5	2.1	76	0.9

6	Feb_21_2024	519.84	677.17	711.73	711.72	705.06	684.3	674.94(-2.7%)	DT	OpenShort	-75	-0.8	-669	-230	-817	-225	51.24	69%	0.48	73.6	2.16%	-1.1	-0.1	68	-0.3
7	Feb_20_2024	517.34	673.75	713.15	720.64	720.87	709.6	693.66(-4.42%)	DT	OpenShort	-75	-0.6	-370	-110	-479	-43	65.06	72%	0.66	79.2	2.13%	-1.1	0.4	69	0.1
8	Feb_16_2024	513.96	669.19	713.62	726.44	727.34	725.81	725.7(-0.05%)	N/A	N/A	0	-0	-72	-10	-144	146	48.17	76%	0.6	83.3	2.03%	-0.3	1.1	78	1.4
9	Feb_15_2024	510.92	662.64	707.62	725.6	726.62	732.15	726.09(-1.64%)	UD	OpenLong	75	0	148	60	106	274	38.46	76%	0.61	85.8	2.03%	-0	1.2	80	1.6
10	Feb_14_2024	507.81	654.94	698.55	719.76	725.47	728.87	738.2(2.59%)	UT	HoldLong	65	0.3	359	60	354	372	45.86	76%	0.65	84.1	2.03%	0.9	1.6	81	1.2

11	Feb_13_2024	504.52	646.03	686.59	712.19	715.15	721.1	719.54(-0.43%)	UD	OpenLong	75	0.1	103	70	56	243	56.1	75%	0.61	85.3	2.02%	-0.7	1.4	79	-0.3
12	Feb_12_2024	501.44	638.18	677.52	704.6	710.47	722.08	722.66(0.16%)	UT	HoldLong	65	0.4	462	140	479	412	57.24	75%	0.63	89.1	2.02%	0.7	1.7	83	1.6
13	Feb_9_2024	498.28	629.35	667.54	698.93	700.21	709.21	721.49(3.53%)	UT	HoldLong	65	0.5	371	100	371	371	39.91	77%	0.65	93.7	2.04%	1.7	1.9	83	1.3
14	Feb_8_2024	495.08	620.52	656.28	687.1	693.41	698.86	696.92(-0.49%)	UD	OpenLong	75	0.2	340	80	339	344	37.85	75%	0.57	98.7	2.01%	0.8	1.6	81	2.3
15	Feb_7_2024	492.25	612.71	648.04	673.75	684.76	691.21	700.33(2.74%)	UT	HoldLong	65	0.6	366	110	372	348	44.61	75%	0.56	100.1	2%	1.8	1.9	85	2.3

16	Feb_6_2024	489.52	604.18	639.16	656.8	667.1	687.97	681.62(-1.83%)	UD	OpenLong	75	0.6	478	270	508	387	65.35	74%	0.51	99.6	1.99%	0.5	1.7	85	2.3
17	Feb_5_2024	487.02	596.14	630.71	645.96	650.6	678.31	694.31(4.83%)	UT	HoldLong	65	1.1	977	320	1097	616	62.65	74%	0.54	97.8	1.96%	1.2	2.2	88	1.9
18	Feb_2_2024	484.39	585.91	620.55	631.8	633.87	646.24	662.31(5.1%)	UT	HoldLong	65	0.7	703	150	777	480	43.98	75%	0.44	90.3	1.92%	1.5	1.8	88	-0.4
19	Feb_1_2024	482.26	576.89	613.46	621.38	624.17	622.89	630.17(2.37%)	UT	HoldLong	65	0.2	148	-0	123	221	33.36	74%	0.38	79.4	1.86%	1.3	1.2	85	-0.3
20	Jan_31_2024	480.45	569.36	607.69	618.52	619.18	621.51	615.61(-1.88%)	N/A	N/A	0	-0.1	-44	30	-105	138	41.34	73%	0.36	71.6	1.89%	-0.7	1	85	-0.3

21	Jan_30_2024	478.73	562.79	602.54	618.41	619.25	625.45	627.4(0.63%)	UT	HoldLong	65	0.2	297	70	289	319	36.95	73%	0.38	68.7	1.87%	1.2	1.3	93	1.2
22	Jan_29_2024	476.92	556.11	596.15	612.64	616.16	616.86	623.49(2.17%)	UT	HoldLong	65	0.2	232	30	210	296	29.6	73%	0.37	68.2	1.88%	1.7	1.4	94	0.2
23	Jan_26_2024	475.18	549.6	588.63	607.43	609.93	613.06	610.22(-0.92%)	UT	HoldLong	50	0.1	53	50	-7	232	36.16	68%	0.32	68.3	1.87%	-1.1	1.3	95	0.3
24	Jan_25_2024	473.66	543.69	582.5	604.19	606.73	615.46	615.89(0.14%)	UT	HoldLong	65	0.3	344	110	327	394	44.13	64%	0.32	68	1.92%	0.4	1.6	98	-0.4
25	Jan_24_2024	472.15	537.37	575.06	595.09	601.27	606.81	615.03(2.75%)	UT	HoldLong	65	0.5	408	100	402	426	52.93	64%		64.7	2.02%	1.1	1.8	98	0.7
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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