NVIDIA finds support from accumulated volume at $264.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Support, Risk & Stop-loss for NVIDIA stock How to buy NVDA stock and grow your wealth. The ultimate guide for first-time investors: Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Monday, April 03, 2023, and so far it has fallen -3.32%. Some negative signals were issued as well, and these may have some influence on the near short-term development. This causes a divergence between volume and price and it may be an early warning.
Volume fell during the last trading day despite gaining prices. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
On a fall, the stock will find some support from the long-term average at approximately $247.22. On further gains, the stock will meet resistance from the short-term moving average at approximately $273.54. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. The NVIDIA stock holds a sell signal from the short-term moving average at the same time, however, there is a buy signal from the long-term average.
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