Is Nvda bearish or bullish?

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.

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.

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.

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.

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.