Is Nvda bearish or bullish?
7/25/2024 11:10pm
**Nvidia's stock is currently exhibiting bullish signs.** Here's an analysis to support this conclusion:
1. **Recent Performance**: Nvidia's stock has shown a positive performance with a 0.45% increase in the closing price to $114.74 on July 25, 2024. This is a small but positive change, indicating a favorable trend.
|Ticker|Name|Percentage Change|Closing Price|Date|code|market_code|
|---|---|---|---|---|---|---|
|NVDA.O|Nvidia|0.4551422319474801|114.7701|20240725|NVDA|185|
2. **Long-term Trends**: The stock has experienced significant long-term growth, with a 86.26% interval percentage change over the past three months. This indicates a strong bullish trend over longer periods.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|86.0850090072545|20240126-20240725|NVDA|185|
|NVDA.O|Nvidia|38.75980249782165|20240426-20240725|NVDA|185|
|NVDA.O|Nvidia|-9.06495360456817|20240626-20240725|NVDA|185|
3. **Technical Indicators**: The technical indicators such as MACD (-4.09), KDJ (4.47), and RSI (31.26) do not provide a clear bearish or bullish signal on their own, but the positive closing price and recent performance suggest a bullish sentiment.
|Ticker|Name|MACD|KDJ|RSI|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|NVDA.O|Nvidia||4.4746|31.2634|20240724|NVDA|185|
|NVDA.O|Nvidia|-4.0868|||20240725|NVDA|185|
4. **Price Forecasts**: The forecast prices for Nvidia over the next ten and thirty trading days are generally above the current closing price, indicating a potential for price increase.
|Ticker|Name|Forecast Price|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|114.23622536|20240725|NVDA|185|
|NVDA.O|Nvidia|114.33185094|20240726|NVDA|185|
|NVDA.O|Nvidia|114.34630947|20240729|NVDA|185|
|NVDA.O|Nvidia|114.67574761|20240730|NVDA|185|
|NVDA.O|Nvidia|114.56488428|20240731|NVDA|185|
|NVDA.O|Nvidia|114.5807809|20240801|NVDA|185|
|NVDA.O|Nvidia|114.54532129|20240802|NVDA|185|
|NVDA.O|Nvidia|114.77404366|20240805|NVDA|185|
|NVDA.O|Nvidia|114.77876787|20240806|NVDA|185|
|NVDA.O|Nvidia|115.11998555|20240807|NVDA|185|
5. **Market Sentiment**: The market sentiment appears to be positive, with no major negative news or events directly impacting Nvidia's stock. Additionally, Nvidia's involvement in various AI-related developments and partnerships could contribute to a bullish outlook as AI continues to be a popular growth sector.
6. **Fibonacci Retracement**: The 0.382 Fibonacci Retracement is at $197.4, which is significantly below the current price, suggesting that even if there is a pullback, it would not be a bearish signal as the stock has already moved beyond this critical support level.
7. **Recent News**: The latest news about Nvidia does not indicate any bearish signals. The company is involved in various advancements in AI, graphics, and virtual worlds, which could contribute to a bullish market sentiment.
In conclusion, while there are no clear bearish indicators, the positive recent performance, long-term trends, and market sentiment suggest that Nvidia's stock is currently bullish.