Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Nvidia Stock price prediction (NASDAQ: NVDA) is highly bullish and the long-term outlook is positive.&nbsp;</a> </li> 
 <li> <span>2</span> <a>NVDA Stock surges 7.09% in the previous session and defends the 50-day EMA support.</a> </li> 
 <li> <span>3</span> <a>Nvidia Corporation scheduled the quarterly earnings on August 23, 2023.</a> </li> 
</ul> 
<p>Nvidia Stock Price Prediction (NASDAQ: NVDA) suggests positive momentum is likely to continue in the coming months.&nbsp;</p> 
<p>NVDA stock price jumped 7.09% in the previous session indicating that the correction is over. It formed a strong bullish candle by taking support near the 50-day EMA denoting bulls are returning back to track.&nbsp;</p> 
<p>Nvidia stock price sustains above the 50-day and 200-day EMA showcasing a strong uptrend. Buyers look more aggressive as compared to sellers due to which minor corrections will be bought up.&nbsp;</p> 
<p>Nvidia Corporation stock is in a bull’s run so the price looks stretched and overvalued. But due to the craze of Artificial Intelligence, NVDA shares are continuing the rally and investors are blindly buying the dips.&nbsp;</p> 
<p>NVDA stock is one of the top picks of investors who want to bet on the future of Artificial Intelligence. Due to this, the company is also trying to improve its products to provide better customer satisfaction.&nbsp;</p> 
<p>The confidence of the investors in the future outlook of Nvidia Corporation is clearly visible in the stock. Moreover, analysts are bullish and expecting surprises in quarterly earnings.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-nvidia-stock-hit-500-after-quarterly-earnings-strong"><strong>Will Nvidia Stock Hit $500 After Quarterly Earnings?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/Rz3pZU_3cbjilHTHmHs_MNslRjn4q5SrzD3luaTRdRCxfhlWShQYa10Wgj_4ZdqH_v5G6l29AEzmk1N-TrW9Uq0x-uZPWf4WxTFbElDGUiZtHN9euTmiV_FhDS9wFtrZaMLbynyvhwckvjMdIsWNtrg" alt="Nvidia Stock Price Prediction: Will NVDA Stock hit the $500 mark?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: NVDA daily chart by <a href="https://www.tradingview.com/x/uVvMZJ7B/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Nvidia stock price (NASDAQ: NVDA) is up by 1.19% in the after-hours session. It indicates that prices are likely to hold the gains of the previous session.&nbsp;</p> 
<p>In the mid of July, NVDA<a href="https://www.thecoinrepublic.com/2023/07/14/nvidia-stock-price-prediction-can-nvda-stock-price-fall-soon/" rel="noopener noreferrer nofollow"> stock price </a>hit a 52-week high at $480.00. Later, prices witnessed minor profit booking and corrected by 15% approx in the past few weeks.&nbsp;</p> 
<p>Nvidia Corporation is expected to report quarterly earnings on August 23, 2023. Market analysts estimate an EPS of 2.074 and revenue of $11.12 Billion. If the company succeeds to beat the estimates then NVDA stock might begin the journey to reach $500.</p> 
<h3 class="wp-block-heading" id="strong-nvda-stock-is-inside-the-bull-run-strong"><strong>NVDA Stock is inside the bull run</strong></h3>  
<div class="tradingview-widget-container">
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 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
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<p>NVDA stock is bullish on daily, weekly, and monthly time frames. It shows the confidence as well as the dominance of buyers.&nbsp;</p> 
<p>The next phase of the rally might trigger after the breakout of the $480.00 hurdle. However, the probability is that <a href="https://www.thecoinrepublic.com/2023/07/14/nvidia-stock-price-prediction-can-nvda-stock-price-fall-soon/" rel="noopener noreferrer nofollow">Nvidia stock</a> might enter into consolidation and spend some time in range.&nbsp;</p> 
<p>Till the NVDA stock price sustains above $320.00 the prices are expected to remain in the bulls’ grip. Therefore, it’s better to play along and participate in the massive bulls’ run.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Nvidia Stock price (NASDAQ: NVDA) bounced back by taking support near the 50-day EMA. The quarterly earnings are scheduled next week which might trigger the next phase of the rally.&nbsp;</p> 
<p>The technical analysis suggests NVDA stock is in a bull run and reaching $500.00 is possible.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $458.00 and $480.00</li> 
 <li>Support levels: $404.00 and $366.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Nvidia Stock Price Prediction: Will NVDA Stock hit the $500 mark?

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