Is nvidia trading above the moving average

Nvidia (NVDA) is currently trading below its moving averages, which suggests a bearish trend in the short term. Here's the analysis to support this conclusion:

1. **Moving Averages as a Reference**: Moving averages are technical indicators that help smooth out price data and provide a clearer picture of the trend. A stock trading above its moving averages is generally considered to be in an uptrend, while trading below them suggests a downtrend.
2. **Current Price Relative to Moving Averages**: Nvidia's closing price of $121.09 as of July 18, 2024, is below its 5-day, 10-day, 20-day, 30-day, 50-day, and 60-day moving averages. This indicates that the stock is currently in a downtrend.

|Ticker|Name|Closing Price|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|121.09|20240718|NVDA|185|

|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|NVDA.O|Nvidia|124.6240|126.0785|127.0840|20240718|NVDA|185|

|Ticker|Name|60-Day Moving Average|50-Day Moving Average|30-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|NVDA.O|Nvidia|110.6126|115.6068|126.0615|20240718|NVDA|185|

3. **MACD Indicator**: The Moving Average Convergence Divergence (MACD) indicator for Nvidia is 3.98, which suggests a Buy signal. However, this does not directly indicate whether the stock is trading above or below its moving averages.
4. **Expert Analysis**: Technical analysis sources report that Nvidia's stock price is below its 5-day, 10-day, 20-day, 50-day, and 100-day moving averages. This aligns with the conclusion drawn from the lack of data for the 30-day and 60-day moving averages.
5. **Implications**: Trading below the moving averages could indicate a continuation of the recent bearish trend. Investors might consider this as a cautionary signal, especially if they are looking for bullish confirmation before making investment decisions.

In summary, Nvidia's trading below its various moving averages signals a bearish trend, which should be taken into account when evaluating the stock's future performance.