Resistance

Trillion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The NVIDIA Corporation (NVDA) stock price is trading at $456.79 currently with a market capitalization of $1.128 Trillion (press time).</a> </li> 
 <li> <span>2</span> <a>NVDA stock gave more than 207.58% return to investors year-to-date.</a> </li> 
</ul> 
<p>NVDA is a company that focuses on graphics processing units (GPUs), artificial intelligence (AI), and other technologies for visual computing. NVIDIA’s products include GPUs for gaming, professional, and data center use and system-on-a-chip (SoC) units for mobile and automotive systems. NVDA also offers software platforms and tools for AI, simulation, and content creation, such as CUDA, Omniverse, and RTX.</p> 
<p>NVIDIA Corporation has been soaring and maintaining its momentum. NVIDIA stock reached the $480.88 level from the low price of $108.13 in 52 weeks. Its average volume for the last 3 months is 49.49 million.</p> 
<p>NVIDIA Corporation’s stock price has shown bullish behavior on the daily chart, displaying very bullish signals. The price has been increasing above the 50 and 200-day moving averages.</p> 
<h2 class="wp-block-heading" id="strong-weekly-analysis-of-nvidia-corporation-stock-strong"><strong>Weekly Analysis of NVIDIA Corporation Stock</strong></h2> 
<p>On the weekly chart, NVIDIA Corporation’s stock price has surpassed the 50 and 200-day moving averages, indicating the power of the bulls. NVDA stock price has demonstrated that the market is optimistic. Moreover, RSI and MACD are also bullish on the weekly chart.</p> 
<h3 class="wp-block-heading" id="strong-nvda-stock-price-technical-analysis-strong"><strong>NVDA Stock Price Technical Analysis</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/07/18/nvidia-corporation-nvda-stock-could-make-you-rich-in-2023/" rel="noopener noreferrer nofollow">NVIDIA Corporation</a> has broken above the 200-day and 50-day moving averages, showing the strength of the buyers in the market. If the buyers keep up the momentum, the NVDA stock price could increase and start an uptrend. Also, the bullish cross confirms the bullish trend on a daily chart.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="465" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/NVDA-Stock-Price-Technical-Analysis-1024x465.webp" alt="NVDA Stock Price Technical Analysis" class="wp-image-154312" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/NVDA-Stock-Price-Technical-Analysis-1024x465.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/NVDA-Stock-Price-Technical-Analysis-300x136.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/NVDA-Stock-Price-Technical-Analysis-768x348.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/NVDA-Stock-Price-Technical-Analysis-750x340.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/NVDA-Stock-Price-Technical-Analysis-1140x517.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/NVDA-Stock-Price-Technical-Analysis.webp 1272w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: NVDA/USD by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The RSI is in an overbought territory. The RSI value is 61.45. The 14 SMA value is 65.25, meaning that NVIDIA Corporation’s price is bullish and creates positive momentum.</p> 
<p>Currently, MACD is bullish. The MACD value is 16.47, and the signal value is 18.34, both above the zero line, indicating that the MACD is positive and is giving bullish signals for now.</p> 
<p>The Bollinger Bands for <a href="https://www.thecoinrepublic.com/2023/05/24/nvidia-corp-nvda-stock-q1-earnings-on-may-24-implications/" rel="noopener noreferrer nofollow">NVDA stock</a> have an upper band of $478.68, a middle band of $438.27, and a lower band of $397.86. The stock’s price is above the middle band, indicating a bullish trend.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>NVIDIA Corporation has shown remarkable performance and momentum. The stock is reaching new highs and surpassing the 50- and 200-day moving averages on both daily and weekly charts. The price, RSI, and MACD are all bullish, indicating a strong uptrend and a positive outlook. However, the stock is overvalued, so investors should be careful and invest smartly.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support – </strong>The current support level is $435.90.</li> 
</ul> 
<ul> 
 <li><strong>Resistance –</strong>The current resistance level is $490.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article’s NVDA stock price prediction is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in stock is a risky task. Please consider your circumstances and risk profile before making any investment decisions.</p>

NVDA Stock Price Prediction: Will NVIDIA Corporation Hit $500?

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