Nvidia short term outlook

The short-term outlook for Nvidia appears robust, although there are some indicators that suggest caution:

1. **Recent Performance**: Nvidia's stock has experienced significant volatility, with a 3-month percentage change of 31.92%, which is a sign of high market activity and potential for continued short-term fluctuations.

|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|31.90472176394793|20240502-20240801|NVDA|185|

2. **Short-term Trend Forecast**: The short-term trend forecast for Nvidia is not available, which makes it difficult to predict the exact direction of the stock price in the immediate future.
3. **Momentum Indicator**: The short-term momentum indicator (MTM) for Nvidia is -19.06, which suggests that the stock may be losing momentum in the short term.

4. **Forecast Price**: The forecast price for Nvidia in 2024Q3 ranges from $115.16 to $118.14, which indicates a slight uptick in the stock price but with a wide range of potential outcomes.

|Ticker|Name|Forecast Price|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|117.21584262|20240801|NVDA|185|
|NVDA.O|Nvidia|116.49795594|20240802|NVDA|185|
|NVDA.O|Nvidia|116.96525877|20240805|NVDA|185|
|NVDA.O|Nvidia|117.90580134|20240806|NVDA|185|
|NVDA.O|Nvidia|118.14162423|20240807|NVDA|185|
|NVDA.O|Nvidia|116.25348248|20240808|NVDA|185|
|NVDA.O|Nvidia|115.82879381|20240809|NVDA|185|
|NVDA.O|Nvidia|115.65127658|20240812|NVDA|185|
|NVDA.O|Nvidia|116.15677539|20240813|NVDA|185|
|NVDA.O|Nvidia|115.4050486|20240814|NVDA|185|

5. **Trading Volume**: The 3-month average trading volume for Nvidia is 12.56 billion shares, which is a high level of trading activity that could contribute to short-term price volatility.

Given these points, while there are signs of strong recent performance and a positive long-term outlook, the high volatility and lack of short-term trend forecasting data suggest that potential investors should be prepared for short-term fluctuations. It may be prudent to monitor the stock closely or consider a diversified investment approach that balances the potential for high returns with the associated risks.