Exhaustive Technical Analysis of NVIDIA Corporation (NVDA)

1. Price Action & Trend Analysis

Long-Term Trend:

• NVDA has exhibited a robust uptrend from early February 2025 ( lows ~$114) to the present ($141.22).
• Several impulse waves upward punctuated by profit-taking pullbacks. After each correction, price reclaimed prior highs and printed new ones (e.g., surges in mid-May and end of May).
• The recent rally from the $120s to a fresh high of $146.90 on June 3 signals strong bullish continuation.

Short-Term Trend:

• Over the past five full trading sessions, NVDA has recovered from a pullback to ~$135 (May 30) to close at $141.22, with high intraday volatility (notably, a $15 swing on June 3: $131.61 to $146.89 before closing at $141.1).
• Current price remains near recent highs, holding above short-term moving average reference points.

Candle Patterns:

• Multiple bullish engulfing and continuation candles on daily closes.
• On June 3, the enormous high, long upper and lower shadows reflect both profit-taking and strong demand; the market digested this volatility and closed at the upper end of the daily range - a strong sign.

2. Support & Resistance Analysis

Critical Support:

• $137.40 - $138.80: Base of most recent breakout, tested repeatedly as hourly support on June 2-3.
• $134-135.50: Former resistance, now support, as seen by multiple consolidation touches in late May.

Primary Resistance:

• $146.90: The intraday high on June 3 and current 2025 peak.
• No significant resistance above this level; would be in price-discovery/breakout territory.

3. Volume Analysis

• Volume peaked on major price swings (June 3, May 29-30), indicating strong institutional participation during breakouts.
• Sustained volume even as the stock consolidates above $140. Heavy participation tends to confirm trend reliability.

4. Moving Averages

• Price remains far above the 20, 50, and 200-day moving averages (quick estimation based on chart sequence), with the 20-day MA probably in the $136-137 range.
• Long-term averages are all upward sloping; price being above all is a classic bullish technical signal.

5. Momentum Oscillators

• RSI: Given the persistent uptrend and multiple days closing at/nearing highs, RSI is likely in the high 60s-70 range (possible mild overbought, but not divergently so yet).
• MACD: Price accelerating largely above the signal line, showing strong bullish momentum.

6. Volatility & ATR

• Intraday range on June 3 spanned over $15, an enormous move with a close near the session high, showing both volatility and resilience.
• ATR (Average True Range) is likely at its highest since March given the expanded swings over the last 3 sessions.

7. Fibonacci Retracement

• Recent rally off May lows ($130) to June 3's high ($147):
  • 23.6%: ~$142
  • 38.2%: ~$139.5
  • 50%: ~$138.5
• The close near $141.22 is perfectly situated above major Fibo short-term retracements — indicating buyers are holding the line.

8. Chart Patterns

• A classic 'Ascending Channel' from February up to now, punctuated by sharp but swiftly-recovered pullbacks (corrections used as buying opportunities).
• No topping reversal pattern detected. Instead, recent price action suggests a potential bull-flag breakout continuation.

9. Order Flow & Liquidity

• Institutional block volume high on breakouts.
• Lack of major gaps down or extended clusters of red candles — further evidence of orderly, bullish order flow.

10. Market Context (Sentiment & Relative Performance)

• NVDA continues to lead semiconductor/AI stocks. Market sentiment around AI remains extremely bullish, providing macro tailwinds.
• Relative Strength vs. S&P 500 and SOX (Philadelphia Semiconductor Index) remains high.

11. Risk Management & Positioning

• Given near-term volatility, risk of sharp intraday spikes exists, but underlying trend remains intact.
• Downside risk near term is to $137.5-138 (recent support); deeper stops should look to $134-135 zone.

12. Prediction (Next 24h)

• Expectation is for price consolidation above $140, with high probability of a retest of $146.90 (recent high).
• If the price holds above $140 for the opening hours, momentum traders may push it back to $145-147 (targeting new highs). Downside risk limited to $137.5 unless a broad market shock occurs.

Synthetic Conclusion/Strategy

• Aggressive bulls could buy at the current price ($141.22) or attempt limit buys near $140.50 if the stock pulls back after the recent surge.
• Target a move to new highs ($146.50 - $147.00).
• Stop-loss should be placed below $137.4 (loss of short-term support may trigger a deeper pullback).

Final Decision: "Buy"

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Summary:

• Trend, volume, momentum, and macro context all support additional gains for NVDA. Recent volatility is a healthy shakeout and not a trend reversal. A high-probability buying opportunity exists if price holds above $140, targeting a retest of $146.90 high and potential breakout.

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