Nvidia Stock Analysis | $975 This Coming Week? Nvidia Stock Price Prediction

Step-by-Step Tutorial: Nvidia Stock Analysis for the Coming Week

1. Understanding the Current Situation:

• Nvidia stock is currently above the 50-day and 20-day moving averages.
• The stock is in a distribution zone between March and April, with $824 as a support level.
• Despite a brief dip below $824, Nvidia quickly rebounded, indicating a structural change.

2. Analyzing the Price Structure:

• Nvidia is currently showing a bullish trend with higher highs and higher lows.
• The stock is above the distribution phase support, indicating a rebound in the bullish direction.
• Daily, weekly, and intraday intervals all show a bullish trend.

3. Hourly Interval Analysis:

• Use trend lines and pivot points to analyze intraday movements.
• Monitor the 20-hour moving average for trend continuation.
• Significant levels such as $859 act as support and resistance points.

4. Potential Upside:

• Nvidia has the potential to reach $975 based on its current bullish trend.
• The stock's average daily range is around $40, making $975 a realistic target.
• Watch for Nvidia to maintain the uptrend and the 20-hour moving average for continued bullish momentum.

5. Bearish Scenario:

• If Nvidia weakens and falls below key levels like $859 and the 200-hour moving average, a bearish trend may emerge.
• Monitor for signs of weakness, such as failing to hold key support levels.

6. Weekly Interval Analysis:

• Check if Nvidia closes the week above the 20-week moving average for a continuation of the uptrend.
• Look for strong weekly candle formations to confirm bullish momentum.

7. Risk Management and Decision Making:

• Consider the bullish bias with Nvidia as long as it holds above key support levels.
• Be cautious of potential bearish signals if Nvidia fails to maintain its current structure.

8. Additional Resources:

• Access tools and indicators mentioned in the video description for further analysis.
• Stay informed about updates and new tools by joining the membership offered by the channel.

9. Conclusion:

• Based on the analysis, Nvidia is currently showing strong bullish momentum towards $975.
• Monitor key support and resistance levels to gauge the stock's direction in the coming week.
• Remember that all financial decisions are your own responsibility, and the analysis provided is for informational purposes only.

By following these steps and staying informed about Nvidia's price action, you can make more informed decisions regarding your investments in the stock.