Shares of NVIDIA Corporation (NASDAQ:NVDA) are currently poised at -9.19% from the open today and are hovering around at $149.60. More than 92,323,200 shares have traded hands versus an average trading volume of 18.12M. At the current PPS, the market capiralization stands at $88.56B. The stock prices of NVIDIA Corporation (NASDAQ:NVDA) are currently trading at -6.50% below its 52 week high and 235.65% above its 52 week low.
NVIDIA Corporation (NASDAQ:NVDA) is all set to post its earnings on May 09/a. As per Zack’s analyst ratings, NVIDIA Corporation (NASDAQ:NVDA) has an average brokerage rating of . On a scale of 1-5, a rating of 1 or 2 would show a buy, and a score of 4 or 5 would indicate a sell call. A rating of 3 would suggest a hold on the stock.
Let’s take a look at the technical analysis.
The Barchart Technical Opinion rating is a 72% Buy with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.
The Exponential Moving Average is similar to a simple moving average however it utilizes a weighting cog that exponentially drops from the recent data point. The study of EMA compares the short term, intermediate term and long term EMAs. The respective EMAs tend to give bullish signals when hovering above trailing EMAs and below the latest price and vice versa. EMA alerts constitute crossovers i.e. the 5-day EMA crosses below/above the 20 day EMA and EMA convergences 5-day EMA comparable to 13 day EMA. Currently, the 5 day EMA 150.63 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 125.09 is lower than current trading price depicting a bullish signal.
The relative strength index (RSI) can be defined as a momentum oscillator that can compute measure the velocity and extent of stock price changes. Momentum is computed as the ratio of positive price variations to negative price changes. The RSI study compares the current Relative Strength Index against oversold (30), overbought (70) and neutral (50) conditions. Alerts will apprise you when shares recede from oversold/overbought marks or breakthrough neutral (50). The current RSI is 65.74 suggesting a bullish price action.
Though NVIDIA Corporation (NASDAQ:NVDA) represents an exciting growth story open to numerous attractive markets, it would be remarkable to see how it does for long-term investors.