What is the price prediction for NVDA tomorrow
8/5/2024 03:37am
**Nvidia's stock price is not likely to experience a significant change tomorrow.** Here's the analysis to support this conclusion:
1. **Technical Indicators**: The stock's 5-day moving average is $109.76, and its 10-day moving average is $113.45. The Moving Average Convergence Divergence (MACD) is -3.46, indicating a bearish trend. The stock is trading below its 10-day moving average, which could suggest a potential downward trend. However, the Relative Strength Index (RSI) is not provided, so we cannot account for overbought or oversold conditions.
|Ticker|Name|Support Level (Narrow)|Resistance Level (Narrow)|5-Day Moving Average|10-Day Moving Average|MACD|KDJ|Date|code|market_code|
|---|---|---|---|---|---|---|---|---|---|---|
|NVDA.O|Nvidia|105.3816|108.4943|109.7640|113.4540|-3.4576|32.2266|20240802|NVDA|185|
2. **Market Sentiment**:
- **Investor Activity**: Investors allocate an average of 13.35% to NVDA, with an average holding size of 19.5% of all portfolios. This indicates a significant position in many investor portfolios, which could lead to a lack of momentum due to already-heavy positions.
- **Blogger Sentiment**: The sentiment is bullish, with 75.00% of bloggers having a positive outlook. This could provide some support for the stock price.
- **Recent News**: Nvidia's stock has experienced a bearish movement due to factors such as the anticipation of Super Micro Computer's earnings release and negative sentiment from experts. However, the stock is also expected to report strong earnings, with a 137% increase in earnings per share compared to the previous year.
|Ticker|Name|Inventory|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|3.889E9|2023 Q2|NVDA|185|
|NVDA.O|Nvidia|4.454E9|2023 Q3|NVDA|185|
|NVDA.O|Nvidia|5.159E9|2023 Q4|NVDA|185|
|NVDA.O|Nvidia|4.611E9|2024 Q1|NVDA|185|
|NVDA.O|Nvidia|4.319E9|2024 Q2|NVDA|185|
|NVDA.O|Nvidia|4.779E9|2024 Q3|NVDA|185|
|NVDA.O|Nvidia|5.282E9|2024 Q4|NVDA|185|
|NVDA.O|Nvidia|5.864E9|2025 Q1|NVDA|185|
3. **External Factors**:
- **Market Trends**: There is a general trend of investors rotating out of top tech stocks like Nvidia and into small-cap names. This could impact Nvidia's stock price.
- **Regulatory Concerns**: Nvidia is facing an antitrust probe, which could lead to regulatory challenges and potential fines. This could negatively impact the stock in the long term.
|Ticker|Name|Trading Securities|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia||20250331|NVDA|185|
4. **Conclusion**: Given the mixed technical indicators and the lack of strong momentum suggested by the heavy investor positions, it is unlikely that Nvidia's stock price will experience a significant change tomorrow. While there are positive factors such as the bullish blogger sentiment and the strong earnings growth expected, the bearish trends in the market and the regulatory concerns could offset these positives. Therefore, a stable or slightly fluctuating price is more likely than a significant increase or decrease.