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.

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.