Technical analysis – Will Nvidia stock price continue to rebound?

Nvidia Technical Analysis Summary

Stop sale: Below 168.82

Stop Loss: Above 191.48

Indicator Signal
IRS Neutral
MACD Neutral
Donchian Channel Sale
MA(200) Sale
Fractals Sale
Parabolic SAR Sale

Nvidia graphics analysis

Technical analysis of the Nvidia stock price chart on the daily timeframe shows that #S-NVDA, Daily is attempting to rally towards the 200-day moving average MA (200) which itself is falling. We believe that the bearish momentum will resume after prices break through the lower boundary of the Donchian Channel at 168.82. This level can be used as an entry point to place a pending sell order. The stop loss can be placed above the upper boundary of the Donchian Channel at 191.48. After placing the order, the stop loss should be moved daily to the next fractal high, following the signals from the parabolic indicator. Thus, we modify the expected profit/loss ratio to the break-even point. If the price meets the stop loss level (191.48) without reaching the order (168.82), we recommend canceling the order: the market has undergone internal changes that have not been taken into account.

Fundamental Equity Analysis – Nvidia

Nvidia’s share price edged higher despite the chipmaker’s forecast for the next quarter falling below analysts’ estimates. Will Nvidia’s stock price continue to rebound?

Nvidia reported second-quarter 2022 revenue of $6.7 billion on Wednesday, versus a forecast of $6.83 billion. Its earnings beat expectations by 1.9%. Data center revenue rose 61% year on year to a record $3.81 billion in the second quarter. Gaming revenue fell 33% from a year ago to $2.04 billion. Looking ahead to next quarter, Nvidia expects Q3 revenue of around $5.9 billion, plus or minus 2%, from analysts’ consensus estimate of 6 .92 billion dollars. Shares edged up 0.1% the day after the quarterly report.

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Karen J. Nelson