NVIDIA Corporation (NVDA) 24-Hour Price Forecast: Exhaustive Technical Analysis

1. Market Structure & Major Trend Analysis

• Long-Term Trend: Examining daily price data from February through late June 2025 reveals a pronounced uptrend with a strong acceleration after mid-May. Between late April and the end of June, NVDA moved from $100–$110 to its current $157.75—over a 40% appreciation in less than two months. This magnitude, paired with rising peaks and higher lows, indicates robust bullish momentum.
• Short-Term Structure: Recent days (from June 24 to June 27) show a steep rally, with three consecutive higher closes: 147.90 → 154.31 → 155.02 → 157.75. Volume spikes (over 247M shares for June 27) on upward moves suggest sustained institutional buying pressure.

2. Candlestick Pattern Analysis

• Last Three Days (June 25–27):
  • Each day formed a substantial bullish candle, with closing prices near daily highs. This classic sign of strength further confirms buyers' control.
  • Today (June 27), the intraday range was wide, but the close was again near the top end of the range (157.75), meaning buyers absorbed profit-taking and held the advance.
• No immediate reversal (e.g., shooting star, bearish engulfing) evident on daily timeframe.

3. Support & Resistance Identification

• Support: 155 (previous day's high and today's open), then 154.30 (June 25 close), with a psychological/momentum support around 150.
• Resistance: Immediate at 158 (today’s intraday high), with clear skies above — the stock is at or near all-time highs (ATH), so further resistance becomes speculative, with round levels (160, 165, 170) likely to act as psychological barriers.

4. Volume Profile and Market Participation

• Notably, volume expanded during up-moves, especially June 25–27, showing aggressive accumulation. Intraday (hourly) volume remains healthy during the upward surge (e.g., 50.5M shares in 13:30–14:30 ET June 27 session on a $1.8 ramp up).

5. Moving Average Analysis

• 20- and 50-day EMA (approximated):
  • 20-EMA: Around 148–150
  • 50-EMA: Around 140 Both lag well below price, reinforcing current momentum and suggesting a strong overbought but trend-confirming condition.

6. Momentum Indicators

• RSI (Relative Strength Index, estimated):
  • Calculating based on latest closes (especially last 14 days): RSI likely in the 75–85 range (highly overbought, but violent uptrends can sustain such levels for extended periods in leading tech names, particularly after major breakouts).
• MACD: With the rapid rise, MACD line is likely well above the signal line, with widening histogram bars—a classic confirmation of momentum.
• Stochastics: Also likely overbought, but no signs of crossover to the downside yet, based on day-to-day closes.

7. Chart Pattern Recognition

• Cup and Handle Formation: Notably, the April-May consolidation (100–115) followed by a breakout above 120–125 and an explosive rally resembles a large cup and handle, validated by subsequent volume expansion and new highs.
• Open Up Channel: The past week traces a steep ascending channel with no evidence of breakdown.

8. Volatility Assessment

• ATR (Average True Range): Recent daily range is $3–$5; volatility has increased with price acceleration, signaling expanded profit (and risk) potential.

9. Order Flow & Tape Reading (Intraday)

• Hourly candles for June 27: Consistent buying at higher lows, each new hour opening above or very close to the prior hour’s close; only marginal retracements, swiftly reclaimed.
• Liquidity: The price spent little time consolidating, implying any pullbacks are swiftly bought.

10. Fib Retracement and Extensions

• From the recent swing low (approx. 140, June 18) to current high (158):
  • 23.6% retracement ~ 154.70
  • 38.2% ~ 152.70
• Immediate support near 155 aligns with Fib and breakout zone.
• Extension Target: 161.8% of the swing (140–158) = 166–167, providing a technical upside projection for short-term profit taking.

11. Gap Analysis

• No unfilled gaps detected in recent days that could act as magnets for retracement. Trend continuation is less likely to be disrupted by gap-filling needs.

12. Relative Strength & Peer Analysis

• NVDA has outpaced most mega-cap techs in percentage returns since May. This relative strength attracts momentum traders and fund flows.

13. Options Market and Implied Volatility (Inferred)

• While options data isn’t provided, such sharp rallies and high volumes almost always correspond to high options activity, increasing implied volatility and attracting large gamma positions, which can reinforce directional moves due to hedging flows.

14. Contrarian and Sentiment Indicators

• Overbought signals (RSI >80), but given strong breakout and aggressive institutional flows, contrarian short signals are unreliable at this stage.

15. Final Synthesis & Risk Management

• While all technicals signal overbought, there is no reversal pattern, no breakdown of price structure, and all major timeframes are aligned bullishly. Previous episodes in NVDA’s history have shown that price can sustain such momentum bursts for multiple sessions.
• Aggressive buyers will focus on minor dips for entries. Conservative traders might wait for a pullback to the 155–156 zone.
• Short setups are not justified until there is a failed breakout or reversal on volume.

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Prediction: NVDA is poised to attempt a further rally over the next 24 hours, with likely initial resistance near 160, and possible overshooting to 162–165 if momentum persists. Minor retracements may be bought aggressively near 156.

Conclusion

Bias: Strong Buy (Long Position). Enter on minor dip near $156.50–$157 for an upside move toward $162–$165. Risk managed with stop below $154.

Trade Setup:

• Open Price: $157.00 (first minor retracement or dip)
• Close Price (take profit): $162.00 (conservative target; partial scale-out at 160, full at 162 or higher if momentum continues)

Downside Risk: Watch for sharp reversal or close below 154—this would invalidate short-term bullish thesis.

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Summary Table

Indicator	Signal	Weight
Trend	Bullish	Strong
Volume/Breakout	Confirmed	Strong
RSI/Momentum	Overbought (+)	Moderate
Candlestick pattern	No reversal	Strong
Support/Resistance	Next 160, 162	Key
ATR/Volatility	High	Neutral
Peer/Rel Str	Outperforming	Strong
Fib Extension	162–167 target	Bullish

Recommendation:

• Execute a long trade on NVDA near $157 (aggressive buy-the-dip approach), looking for a $162–$165 target within the next 1–2 sessions, with vigilance toward momentum reversal signals.