Give me a detailed analysis of current nvda volume levels. Combine all available volume indexes and metrics to create an overall volume as of market open todays date which is 15/08/2024


Aime
The current volume levels for Nvidia (NVDA) can be analyzed by combining various volume metrics to provide a comprehensive view as of August 15, 2024:
- Volume Ratio: The volume ratio for Nvidia is 0.851. This indicates that the current trading volume is relatively low compared to the average trading volume.
- 3-Month Average Trading Volume: The 3-month average trading volume for Nvidia is 15.93 billion shares2. This provides a baseline for the average volume over the last three months.
- Trading Volume: The trading volume for Nvidia on August 14, 2024, was 339.25 million shares3. This is the volume for a single day and can be used to compare with the average volumes to determine if it is above or below normal levels.
- Volume to Share Ratio: The volume to share ratio for Nvidia is also 0.854. This confirms the previous observation that the current trading volume is low compared to the average volume per share.
- Short-term Average Trading Volume: The short-term average trading volume for Nvidia is not directly available, but it can be estimated by using the trading volume on August 14, 2024, as a proxy. This indicates that the volume on that day was approximately equal to the short-term average.
- Moving Averages: The 50-day moving average for Nvidia is $120.155, and the 200-day moving average is $83.146. These moving averages can be used to identify trends and support/resistance levels.
- Market Sentiment: Nvidia has been performing well in the market, with recent news highlighting its strong market cap and positive stock performance7. This suggests a bullish sentiment among investors.
Conclusion: Based on the available volume metrics, the current volume levels for Nvidia appear to be below average when compared to the 3-month average trading volume and the short-term average trading volume. The volume ratio and volume to share ratio both indicate a low volume relative to the share count. However, it's important to consider the market sentiment and recent performance, which suggest a strong investor confidence in Nvidia. Investors should monitor the trading volume closely along with other market indicators to make informed decisions.
Source:
1.
NVDA Volume Ratio
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