Trading Signals: NVDA Stock Price Prediction and Forecast

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Thu. Jan. 18, 2024

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

(Nvidia Stock)
NVDA latest price $570.3600 (1.75%) ($570.3600 - $570.3600) on Thu. Jan. 18, 2024.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.02% (three month average)
RSI   80
Latest Price   $570.3600(1.75%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   NVDA advances 1% a day on average for past five trading days.
Weekly Trend   NVDA advances 7.1% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support NVDA advance at 0% a week (0% probability)
SMH(86%)    IVW(76%)    QQQ(74%)    SPY(62%)    IWO(34%)
Factors Impacting NVDA price   NVDA will decline at least -1.01% in a week (0% probabilities).
VXX(-39%)    VIXM(-18%)    GDX(-14%)    XLE(-11%)    TLT(-9%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.01% (StdDev 2.02%)
Hourly BBV 0.9 ()
Intraday Trend 0%

5 Day Moving Average   $557.72(2.27%)
10 Day Moving Average   $537.23(6.17%)
20 Day Moving Average   $513.89(10.99%)
To recent high   0%
To recent low   41.4%
Market Cap   $350.771b

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 6.18% (three month std-dev: 2.02%) daily (68% of days).

Sample size 50 Average positive next day return: 1.41%(52%) Average negative next day return: -1.49%(48%) Sample size 50 Average positive next three day return: 2.87%(50%) Average negative next three day return: -2.86%(50%) Sample size 50 Average positive next weekly return: 3.4%(44%) Average negative next weekly return: -4.82%(56%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20240218

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	Jan_18_2024	467.3	513.89	537.23	557.72	560.21	565.47	570.36(1.75%)	UT	HoldLong	65	0.4	212	80	187	285	45.29	58%	0.18	62	2.02%	0.9	1.8	80	0
2	Jan_17_2024	466.48	510.19	527.95	552.03	554.56	561.74	560.57(-0.42%)	UD	OpenLong	75	0.3	249	100	239	278	44.72	54%	0.17	67.4	2.09%	0.5	1.7	78	-0.6
3	Jan_16_2024	465.71	506.42	520.01	546.35	549.89	554.96	562.91(2.91%)	UT	HoldLong	65	0.6	289	80	293	276	40.75	54%	0.22	70.8	2.19%	1.3	2.1	81	0.4
4	Jan_12_2024	464.68	502.2	512.9	538.08	542.21	547.38	547.02(-0.13%)	UD	OpenLong	75	0.4	174	90	164	204	32.33	50%	0.17	77.2	2.2%	0.5	2	76	0.8
5	Jan_11_2024	463.91	498.68	507.46	526.83	535.9	544.82	547.74(1.08%)	UT	HoldLong	65	1	364	170	395	271	56.47	50%	0.17	76.1	2.2%	1.2	2.4	79	1.4

6	Jan_10_2024	463.11	494.93	501.68	513.32	521.65	537.04	541.9(1.83%)	UT	OpenLong	75	1.6	412	260	463	257	49.3	50%	0.19	70.9	2.2%	1	2.7	67	1.1
7	Jan_9_2024	462.23	491.01	496.39	500.12	506.22	526.97	532.17(2.03%)	UT	OpenLong	75	2.3	588	320	684	301	72.57	50%	0.14	65.2	2.2%	1.3	2.9	60	1.3
8	Jan_8_2024	461.59	487.99	491.62	489.86	491.98	506.27	521.6(6.28%)	UT	OpenLong	75	2.7	530	220	625	246	58.22	50%	0.2	57.3	2.19%	1.7	2.9	62	0.8
9	Jan_5_2024	460.67	485.13	488.09	484.52	481.76	485.47	490.77(2.21%)	UT	OpenLong	75	0.7	141	40	171	50	37.6	45%	0.13	57.3	2.07%	1	0.6	55	1.1
10	Jan_4_2024	460.08	483.47	487.19	485.45	482.79	477.69	480.16(0.9%)	DP	OpenShort	-75	-0.5	-63	-90	-70	-43	27.37	43%	0.1	42.9	2.06%	1.1	-0.3	53	0.3

11	Jan_3_2024	459.63	482.83	488.75	488.16	486.6	478.06	475.9(-1.04%)	DT	OpenShort	-75	-1	-264	-130	-312	-120	32.02	43%	0.08	37.8	2.06%	-0.9	-0.6	53	0.6
12	Jan_2_2024	459.25	481.98	491.39	491.62	491.22	487.88	480.9(-2.82%)	DT	OpenShort	-75	-0.9	-180	-50	-222	-54	37.39	43%	0.21	34.5	2.08%	-1.4	-0.1	62	1.6
13	Dec_29_2023	458.29	481.4	492.37	493.05	494.31	495.14	494.86(-0.11%)	UD	OpenLong	75	0.1	47	20	41	66	35.71	45%	0.16	31	2.05%	0.8	1	62	2
14	Dec_28_2023	457.58	480.04	491.22	492.04	492.6	494.57	495.42(0.35%)	UT	OpenLong	75	0.2	59	30	53	77	22.57	45%	0.15	23.5	2.06%	0.7	1.1	67	2.2
15	Dec_27_2023	456.88	479.24	489.71	489.23	491.2	493.47	493.71(0.1%)	UT	OpenLong	75	0.3	111	40	113	106	21.03	45%	0.11	12.4	2.07%	0.6	1.1	71	2.6

16	Dec_26_2023	456.4	478.36	488.04	489.64	488.1	490.63	493.23(1.07%)	UT	OpenLong	75	0.3	42	30	28	82	21.24	45%	0.11	4.5	2.07%	1.3	1.2	63	2.5
17	Dec_22_2023	455.9	477.71	485.47	491.4	488.73	488.93	488.02(-0.37%)	UD	OpenLong	75	-0.3	47	-10	30	97	23.43	45%	0.09	5.2	2.05%	-0.6	0.9	65	1.4
18	Dec_21_2023	455.47	477.13	484.25	491.62	492.23	485.57	489.83(1.76%)	N/A	N/A	0	-0.1	-34	-90	-67	66	27.06	43%	0.1	-0.4	2.06%	-0.7	1.1	59	0.6
19	Dec_20_2023	455.01	476.85	481.98	490.21	492.05	488.54	481.36(-2.91%)	DT	OpenShort	-75	-0.7	-194	-40	-254	-14	39.31	41%	0.03	-4.4	2.08%	-2.8	0.4	56	0.3
20	Dec_19_2023	454.86	477.6	479.61	489.88	492.42	498.9	495.77(-1.25%)	UD	OpenLong	75	0.5	143	110	146	132	43.79	42%	0.07	-4.1	2.08%	0.2	1.4	54	0.7

21	Dec_18_2023	454.56	477.77	476.48	485.97	488.41	495.57	502.03(2.64%)	UT	OpenLong	75	1.2	302	120	339	190	38.02	42%	0.07	-6	2.08%	1.6	1.8	58	0.8
22	Dec_15_2023	454.22	477.09	471.7	478.77	481.96	485.95	489.11(1.31%)	UT	OpenLong	75	0.8	178	80	204	98	39.35	38%	0.07	-18.6	2.06%	1.2	0.9	51	0.8
23	Dec_14_2023	453.91	477.18	469.37	475.98	476.19	481.25	482.79(0.64%)	UT	OpenLong	75	0.5	96	80	112	46	35.2	38%	0.07	-16	2.11%	0.7	0.4	51	1.6
24	Dec_13_2023	453.61	477.38	467.74	472.63	474.28	477.96	479.7(0.73%)	UT	OpenLong	75	0.5	182	60	220	67	40.01	38%	0.05	-15.1	2.11%	1.1	0.2	45	1.4
25	Dec_12_2023	453.37	478.12	467.63	467.72	470.88	471.14	476.21(2.18%)	RB	SmallLong	20	0.6	67	20	93	-10	34.17	38%		-12.4	2.11%	1	-0.1	39	1.6
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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