Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Nvidia stock price (NASDAQ: NVDA) recovered approximately 9% from the recent swing low.</a> </li> 
 <li> <span>2</span> <a>NVDA stock price is trying to climb above the 50-day EMA.</a> </li> 
 <li> <span>3</span> <a>Nvidia Corporation stock price defends $400 and reverses upward.&nbsp;</a> </li> 
</ul> 
<p>Nvidia stock price (NASDAQ: NVDA) defended $400 and showed a surprising bounce. It recovered approximately 9% from the recent swing low and formed a bullish pattern.&nbsp;NVDA stock price regained the 50-day EMA indicating that the bulls are active at lower levels and are returning back on track.&nbsp;</p> 
<p>In September, Nvidia Corporation stock price faced rejection from $500 and entered a correction phase. It corrected approximately 20% after hitting the 52-week high and lost the bullish momentum.&nbsp;</p> 
<p>The downfall in the NVDA shares halted near $400 and since then, buyers have been trying to rebound. However, the reliability of the recent upmove will remain doubtful until buyers are able to break the $460.00 hurdle.&nbsp;</p> 
<p>NVDA stock price rallied 212% on a YTD basis. The stock performed well due to the boom of artificial intelligence all over the world. However, for the past two months, the stock did not generate returns denoting the rally has halted and time for consolidation has arrived.</p> 
<p>Nvidia <a href="https://www.thecoinrepublic.com/2023/09/19/nvda-stock-forecast-can-nasdaq-nvda-price-deplete-adversely/">stock price</a> closed the previous session at $447.82 with an intraday rise of 2.95%. The market capitalization stands at $1.11 Trillion.</p> 
<h2 class="wp-block-heading" id="strong-will-the-uptrend-continue-in-nvidia-stock-strong"><strong>Will the Uptrend Continue in Nvidia Stock?</strong></h2> 
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  <img decoding="async" loading="lazy" width="1024" height="435" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-46-1024x435.png" alt="Nvidia Stock Defends $400; Will NVDA Stock Regain $450 Level?" class="wp-image-173174" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-46-1024x435.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-46-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-46-768x326.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-46-1536x652.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-46-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-46-1140x484.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-46.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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   NASDAQ: NVDA daily chart by <a href="https://www.tradingview.com/x/t6iJDU4P/">TradingView</a>
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</div> 
<p>Nvidia stock price (NASDAQ: NVDA) is reversing upward from the support level and recovered 50% of its previous gains. However, the price is near $450.00 which will act as an immediate hurdle for the bulls.&nbsp;</p> 
<p>If NVDA stock price succeeds in breaking the $450 hurdle, then a sharp rise toward the $460 may come.&nbsp;On the other hand, if <a href="https://www.thecoinrepublic.com/2023/09/19/nvda-stock-forecast-can-nasdaq-nvda-price-deplete-adversely/" target="_blank" rel="noreferrer noopener">NVDA share price</a> faced rejection from $450.00, then bears may pull the price down to $400.00 again.&nbsp;</p> 
<p>The technical analysis suggests that the recent up move in the NVDA stock looks temporary and the possibility of facing rejection is high.</p> 
<h3 class="wp-block-heading" id="strong-nvda-stock-price-analysis-strong"><strong>NVDA Stock Price Analysis</strong></h3>  
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<p>NVDA stock price showed a decent bounce and formed a bullish candle on a weekly timeframe. The price action showcased strength but the confirmation of an upside reversal is still awaited.&nbsp;</p> 
<p>The broader market index and other tech sector stocks are mildly bearish. So, if the Nasdaq Composite index falls, then it may affect the Nvidia shares indirectly.&nbsp;The MACD curve is reversing upward and may display a positive crossover. The RSI at 53 near neutral territory denotes a balance between buyers and sellers.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Nvidia stock price (NASDAQ: NVDA) is reversing upward and trying to regain the $450.00 level. The analysis suggests that the recent upmove in NVDA stock looks temporary and the possibility of facing rejection is high.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Resistance levels: $460.00 and $501.00</li> 
 <li>Support levels: $425.00 and $403.00</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.&nbsp;</p>

Nvidia Stock Defends $400; Will NVDA Stock Regain $450 Level?

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