pool adsHow to Identify the Opportunity and Potential Pitfalls in Nvidia $NVDA
This Nvidia (NASDAQ: NVDA) report helps investors and traders identify both opportunity, and potential red flags, by using the price action of the stock. The trading plans for NVDA have risk controls, and that make these observations both opportunistic and defensive, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 537.47 |
| P2 | 619.47 | 629.73 | 604.01 |
| P3 | 642.63 | 659.77 | 673.80 |
Support and Resistance Plot Chart for NVDA
Long Term Trading Plans for NVDA
April 20, 2021, 2:30 pm ET
The Technical Summary and Trading Plans for NVDA help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this NVDA Report.
NVDA - (Long) Support Plan
The technical summary data tells us to buy NVDA near 604.01 with an upside target of 673.80. This data also tells us to set a stop loss @ 602.27 to protect against excessive loss in case the stock begins to move against the trade. 604.01 is the first level of support below 604.25 , and by rule, any test of support is a buy signal. In this case, support 604.01 is being tested, a buy signal would exist.
NVDA - (Short) Resistance Plan
The technical summary data is suggesting a short of NVDA as it gets near 673.80 with a downside target of 604.01. We should have a stop loss in place at 675.75though. 673.80 is the first level of resistance above 604.25, and by rule, any test of resistance is a short signal. In this case, if resistance 673.80 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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