Buy NVIDIA Corporation | NASDAQ – NVDA | Short Term Trading Advice | Semiconductors Sector | 14th Aug 2024 | Expected Gain 9% – 10%

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

NASDAQ: NVDA

14 Aug 2024
18 Aug 2024
19 Aug 2019
4 days
Loss per
100,000 USD
Stop-loss
107
Buy Advice
14 Aug 2024
111 – 115
Target 1
18 Aug 2024
125
Target 2
19 Aug 2019
127
Profit per
100,000 USD
4 days
11,404
107
111 – 115
125
127
11,404
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • NVIDIA Corporation
  • 111 – 115
  • 125 – 127
  • Below 107
  • 9% – 10%
  • 14 - 15 Days
  • Buy NVIDIA Corporation
  • Buy
    Range
    111 – 115
  • Target 125 – 127
  • Stoploss Below 107
  • Upside
    Potential
    9% – 10%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    NVIDIA Corporation (NASDAQ: NVIDIA) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • NVDA
  • NVIDIA Corporation
  • Semiconductors
  • 195.95
  • 39.23
  • NASDAQ code NVDA
  • Stock Name NVIDIA Corporation
  • Sector Semiconductors
  • 52 Weeks High 195.95
  • 52 Weeks Low 39.23
  • Company profile

    NVIDIA Corporation is a worldwide supplier of graphics, computing, and networking solutions. Its Graphics division provides GeForce GPUs for gaming and personal computers, Quadro/NVIDIA RTX GPUs for professional workstations, vGPU software for cloud visual and virtual computing, automotive platforms for entertainment systems, and Omniverse software for 3D design and virtual environments. The Compute & Networking division offers Data Center platforms for AI, high-performance computing, and accelerated computing, Mellanox networking products, automotive AI Cockpit, cryptocurrency mining chips, Jetson for robotics, and NVIDIA AI Enterprise software. NVIDIA sells its products to a range of manufacturers, retailers, distributors, independent software vendors, internet and cloud service providers, car manufacturers, mapping companies, and startups. Founded in 1993, NVIDIA is based in Santa Clara, California.

  • NVIDIA Corporation (NASDAQ: NVIDIA) vs NASDAQ - Relative Strength Comparison

    The image compares NVIDIA Corporation's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    NVDA —   NASDAQ —

  • NVIDIA Corporation (NASDAQ: NVIDIA) - Technical Analysis (Daily)

    NVIDIA Corporation - Technical Analysis chart on Daily Price and Volume
    NVIDIA Corporation - Technical Analysis chart on Daily Price and Volume

    • The daily chart reveals a strong upward trend currently in play.
    • Following the breakout of the Cup & Handle pattern, the price surged sharply before entering a brief consolidation phase.
    • During this consolidation, a Rounding Bottom pattern formed, indicated a potential continuation of the trend.
    • After breaking out, the stock price climbed again, reaching an all-time high close to the 140 level. However, it then encountered significant resistance and underwent a correction.
    • During this period, a Rounding Top pattern developed.
    • Typically, this pattern leads to a decline in stock price, but in this instance, the price found support at the trendline and quickly bounced back.
    • It is anticipated that this upward momentum will persist, propelling the price to new heights.
  • NVIDIA Corporation (NASDAQ: NVIDIA) - MACD Indicator

    NVIDIA Corporation stock analysis based on MACD indicator
    NVIDIA Corporation - MACD indicator

    • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

  • NVIDIA Corporation (NASDAQ: NVIDIA) - EMA Crossover

    NVIDIA Corporation stock analysis based on EMA Crossover
    NVIDIA Corporation - EMA Crossover

    • The short length exponential moving average (5 EMA) has just crossed the long length exponential moving average (10 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • NVIDIA Corporation (NASDAQ: NVIDIA) - OBV Indicator

    NVIDIA Corporation stock analysis based on OBV indicator
    NVIDIA Corporation - OBV indicator

    • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

  • Conclusion - NVIDIA Corporation (NASDAQ: NVIDIA) Stock Price Forecast

    Based on our US trading advice, NVIDIA Corporation stock price target will be USD 125 - USD 127 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

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