Do you think Nvidia stock is overbought now

**Nvidia's stock is not currently overbought.** Here's the analysis to support this conclusion:

1. **Current Price and Moving Averages**: As of October 22, 2024, Nvidia's closing price is $143.59, which is above its 5-Day, 10-Day, and 20-Day moving averages of $139.59, $136.99, and $130.23 respectively. This indicates a short-term upward trend in the stock price.

2. **Moving Averages Over Longer Periods**: The stock price is also above its 30-Day, 50-Day, and 60-Day moving averages of $125.88, $123.06, and $120.21 respectively. Additionally, it is above its 120-Day, 200-Day, and 250-Day moving averages of $117.29, $101.36, and $90.52. The fact that the stock price is consistently above these longer-term moving averages suggests a bullish trend.

3. **Bollinger Bands**: The lower band of Nvidia's Bollinger Bands is at $114.03, which is significantly below the current closing price. This indicates that the stock is trading in the upper part of its recent range, which is not typically considered overbought territory.

4. **RSI and KDJ**: The Relative Strength Index (RSI) is at 78.5, and the KDJ indicator is at 97.39. Neither of these indicators is in the overbought territory, with RSI typically indicating overbought conditions above 70 and KDJ usually suggesting overbought conditions above 80.
5. **Support and Resistance Levels**: The current support level is at $141.78, and the resistance level is at $144.42. The stock is trading close to its resistance level, but this does not necessarily indicate overbought conditions, as the stock may still have room to break through the resistance level in the short term.

In conclusion, Nvidia's stock is not currently overbought based on the analysis of its price relative to moving averages, Bollinger Bands, and key indicators like RSI and KDJ. The stock is trading in a bullish trend and is not yet at levels that typically suggest overbought conditions.