NVIDIA stock: buy or sell
Updated on:
Jul 29th, 2021
2
NVIDIA stock brief
- NVIDIA closed on Wednesday at $195.03 after climbing a 1.54% and broke a streak of 3 sessions in red.
- The stock is configuring an uptrend pattern since last March, when it bottomed at $115.60. This uptrend marked a 68.71% gain
- NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking.
Should I buy NVIDIA stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $NVDA stock a buy?
Currently, NVIDIA stock matches one trading strategy:
Uptrend buy setup
NVIDIA stock is in an uptrend since last March that so far has marked a gorgeous 69.00% gain. Price marked a local bottom in this uptrend at $178.65 on July 19, and since then it bounced off a 9.17%. Breaking out over $208.75 - it's last top - will be a good entry point if NVIDIA resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $187.88
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $208.75 | $187.88 | 10.00% |
Should I sell NVIDIA stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Similarly to when we have to buy shares, deciding when is appropiate to sell is not a haphazard decision, and we must adhere our own trading style. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies are not intended for selling short $NVDA stock
A golden rule is that you should not keep a trade that produces greater losses than those expected upon the buy. When to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell NVIDIA stock?
In the current situation of NVIDIA there is not any eligible sell setup, so NVIDIA stock holders with operations in green can keep their positions
NVIDIA ratings
We don't have any rating posted in the previous month for NVIDIA
NVIDIA stock analysis
Since last March, NVIDIA has been printing an uptrend that so far marked an amazing 68.71%. During this uptrend, the price offered some entry points on the breakouts. Latest pullback was on July 19, when price bounced at $178.65. Now, it swings in a consolidation between its last top ($208.75) and its last bottom ($178.65)
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on July 16, the price bounced by 7.91%
Relative strength index
The RSI dropped below the overbought level of 70 on July 13 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 54.52. Since that level was lost, NVIDIA price tanked a 4.92%
NVIDIA stock price history
NVIDIA went public priced at an adjusted price1 of $0.40 on Jan 1999. Since then, NVDA stock surged by 48,657.50%, with an average of 2,211.70% per year. If you had invested $1,000USD in NVIDIA stock on the IPO, it would worth $487,575.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for NVIDIA stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, financial institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and usually. Again, these estimates are not direct recommendations for individual investors and must not be followed blindly.
We don't have any target price posted in the last 4 weeks for NVIDIA.
Earnings and financials
NVIDIA ($NVDA) hosted the quarterly investors event and released the report last May. NVIDIA beat market estimates and reported of $3.66, that is a 11.59% increase compared to the initial estimates of $3.28. In addition, reported revenues were $5.7 billion compared to estimates of $5.4 billion.
In contrast, the EPS for the same quarter last year was $0.45, so posted EPS is a improvement of 713.33%. Revenue exploded a 83.80% on an annualized basis in the , from $30.8B to $56.6B last quarter.NVIDIA ($NVDA) is hosting the Q2 earnings call mid next August. Market expects of $1.02, compared to Q1 that made $3.66.
NVIDIA performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| NVIDIA ($NVDA) | -1.90% | 26.70% | 50.20% |
Please read:
The comments given in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the particular scenarios of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for informational reasons onlyNVIDIA summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $193.19 |
| Close | $195.03 |
| Day range | $189.95 - $196.46 |
| Previous close | $192.08 |
| Session gain | 1.54% |
| Average true range | $8.85 |
| 50d mov avg | $181.85 |
| 100d mov avg | $161.09 |
| 200d mov avg | $147.92 |
| Earnings date | August 18th, 2021 |