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ThecoinrepublicStockNVDA Stock Price Prediction: Will NVIDIA Corporation...
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NVDA Stock Price Prediction: Will NVIDIA Corporation Hit $500?

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NVDA is a company that focuses on graphics processing units (GPUs), artificial intelligence (AI), and other technologies for visual computing. NVIDIA’s products include GPUs for gaming, professional, and data center use and system-on-a-chip (SoC) units for mobile and automotive systems. NVDA also offers software platforms and tools for AI, simulation, and content creation, such as CUDA, Omniverse, and RTX.

NVIDIA Corporation has been soaring and maintaining its momentum. NVIDIA stock reached the $480.88 level from the low price of $108.13 in 52 weeks. Its average volume for the last 3 months is 49.49 million.

NVIDIA Corporation’s stock price has shown bullish behavior on the daily chart, displaying very bullish signals. The price has been increasing above the 50 and 200-day moving averages.

Weekly Analysis of NVIDIA Corporation Stock

On the weekly chart, NVIDIA Corporation’s stock price has surpassed the 50 and 200-day moving averages, indicating the power of the bulls. NVDA stock price has demonstrated that the market is optimistic. Moreover, RSI and MACD are also bullish on the weekly chart.

NVDA Stock Price Technical Analysis

NVIDIA Corporation has broken above the 200-day and 50-day moving averages, showing the strength of the buyers in the market. If the buyers keep up the momentum, the NVDA stock price could increase and start an uptrend. Also, the bullish cross confirms the bullish trend on a daily chart.

NVDA Stock Price Technical Analysis
Source: NVDA/USD by TradingView

The RSI is in an overbought territory. The RSI value is 61.45. The 14 SMA value is 65.25, meaning that NVIDIA Corporation’s price is bullish and creates positive momentum.

Currently, MACD is bullish. The MACD value is 16.47, and the signal value is 18.34, both above the zero line, indicating that the MACD is positive and is giving bullish signals for now.

The Bollinger Bands for NVDA stock have an upper band of $478.68, a middle band of $438.27, and a lower band of $397.86. The stock’s price is above the middle band, indicating a bullish trend.

Conclusion

NVIDIA Corporation has shown remarkable performance and momentum. The stock is reaching new highs and surpassing the 50- and 200-day moving averages on both daily and weekly charts. The price, RSI, and MACD are all bullish, indicating a strong uptrend and a positive outlook. However, the stock is overvalued, so investors should be careful and invest smartly.

Technical Levels:

  • Support – The current support level is $435.90.
  • Resistance –The current resistance level is $490.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Andrew Smith
Andrew Smith
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
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