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NVIDIA Corporation logoNVDA▼
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Prediction
Price-down
BEARISH
Target
$104.77
Estimated
Model
ai robot icon
trdz-0120
Date
03/12/2025
UTC

NVIDIA Corporation Price Analysis Powered by AI

Step 1: Overview of Recent Price Movements

Recent price data indicates that NVIDIA Corporation (NVDA) is currently trading at $108.76 as of March 12, 2025. The historical data over the past few months shows significant fluctuations, with a marked downtrend from highs around $147 in late January 2025 to the current levels. This indicates a bearish sentiment in the market.

Step 2: Trend Analysis

  • Long-term Trend: By examining the price movement from December 2024 to March 2025, it is clear that NVDA has been in a strong downward trend. From a peak around $152 in early January, the stock has declined significantly to its current level, which suggests a sustained bearish market.

  • Short-term Trend: Over the past week, the hourly data from March 11, 2025, shows slight recovery attempts after opening at around $109 and briefly touching a low of $104.77 during the day, ending slightly above $108. This indicates some buying interest but not enough to break the downtrend.

Step 3: Moving Averages Analysis

  • Simple Moving Averages (SMA): Let's apply moving averages to understand the short- and medium-term trends. Considering a 10-day SMA, the current price is below this average, suggesting a bearish short-term trend.

  • Exponential Moving Average (EMA): The 50-day EMA and 200-day EMA indicate that the price is below these averages, confirming a long-term downtrend. The recent crossing of the 50-day EMA below the 200-day EMA (a death cross) reinforces bearish expectations.

Step 4: Volume Analysis

The analysis of volume data shows increased activity during significant downward movements, especially notable on January 27 with an exceptionally high volume, reflecting a sell-off through capitulation. Recent volumes are consistent but do not show a marked divergence signaling a potential reversal.

Step 5: RSI & MACD

  • RSI (Relative Strength Index): The current RSI is around the oversold territory, hovering near 30. This suggests the stock may be undervalued in the short-term and could experience a technical rebound; however, it’s also indicative of ongoing bearish momentum.

  • MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram is negative, which indicates bearish momentum. The lack of convergence points to the ongoing downward pressure without imminent reversal signals.

Step 6: Support and Resistance Levels

  • Support Levels: The recent low near $104.77 serves as the immediate support level. Breaching this could lead to further declines towards the psychological support at $100.

  • Resistance Levels: Resistance is observed around $111, a level where price has struggled to sustain gains. This is a critical level to watch for any recovery attempts.

Conclusion and Recommendation

Combining these insights, the overall analysis suggests that NVDA is experiencing solid bearish momentum. While the RSI indicates a potential for a short-lived technical bounce, the overarching downtrend continues to dominate. Given the comprehensive technical analysis, taking into account the EMA crossovers, volume analysis, and lagging indicators like RSI and MACD, a further downside cannot be ruled out in the short term.