NVIDIA Short Term: the RSI is overbought
NVIDIA (NVDA.US)
+3.93+2.57%
the upside prevails as long as 149.87 is support
Our pivot point is at 149.87.
Our preference: the upside prevails as long as 149.87 is support
Alternative scenario: below 149.87, expect 143.01 and 138.93.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 144.55 and 129.54). Finally, the Nvidia is trading above its upper Bollinger band (standing at 155.72).
Supports and resistances:
179.57 **
175.40 *
171.23 **
167.06
157.75 USD - last
152.56
149.87 **
143.01 *
138.93 **
Our preference: the upside prevails as long as 149.87 is support
Alternative scenario: below 149.87, expect 143.01 and 138.93.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 144.55 and 129.54). Finally, the Nvidia is trading above its upper Bollinger band (standing at 155.72).
Supports and resistances:
179.57 **
175.40 *
171.23 **
167.06
157.75 USD - last
152.56
149.87 **
143.01 *
138.93 **
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