Nvidia Stock Analysis | Sell Off Tomorrow? Nvidia Stock Price Prediction

Step-by-Step Tutorial: Nvidia Stock Analysis and Price Prediction

Overview:

In this tutorial, we will analyze the Nvidia stock price and discuss potential scenarios for the stock movement. We will look at both the daily and hourly intervals to determine the current trend and possible trading opportunities.

Step 1: Daily Interval Analysis

1. Check the daily interval for Nvidia stock.
2. Note that Nvidia is currently above the 20 and 50-day moving averages.
3. Identify the higher highs and higher lows in the price structure.
4. Observe that the price is around $905, with support at $887.
5. Confirm that Nvidia is still in an uptrend based on the higher highs and higher lows.

Step 2: Intraday Trading Opportunities

1. Analyze the hourly interval for potential trading opportunities.
2. Note that Nvidia has room for both intraday long and short trades.
3. Monitor the price level of $887 as a critical support level.
4. Consider shorting if the price breaks below $887 and aim for $859.
5. Look for long opportunities if the price stays above $900 and breaks $922.
6. Watch for price action around the 50-hour moving average for potential trading signals.

Step 3: Using Day Trading Tools

1. Utilize day trading tools for better decision-making.
2. Monitor intraday price movements and potential short plays.
3. Consider the bias towards the downside if Nvidia stays below $96.
4. Look for support levels and rejection signals for intraday trading decisions.

Step 4: Swing Trading Strategy

1. Evaluate swing trading opportunities based on the current bullish structure.
2. Check the Swing Bot for partial profit positions and trading signals.
3. Consider maintaining a bullish bias as long as Nvidia remains above $887.

Step 5: Options Data Analysis

1. Review options data for Nvidia stock.
2. Note the increase in call options at various strike prices.
3. Monitor the put options for potential market sentiment indicators.
4. Consider the trader sentiment when making trading decisions.

Step 6: Analysis of QQQ and SPY

1. Analyze the bullish structure of QQQ as long as it stays above $432.
2. Monitor intraday pullbacks for trading opportunities.
3. Evaluate the bullish structure of SPY and potential pullbacks to $510.
4. Use the neckline and pivot points for trading decisions on SPY.

Step 7: Conclusion and Action Steps

1. Summarize the key points from the analysis.
2. Consider the potential sell-off tomorrow based on intraday signals.
3. Make trading decisions based on the daily and hourly intervals.
4. Use tools and indicators for better decision-making.
5. Stay informed about the market sentiment through options data.

By following these steps and analyzing the Nvidia stock price prediction, you can make informed trading decisions based on the current market conditions and trends. Remember to do your own research and consider your risk tolerance before making any trades.