Nvidia Extends Gains 3.75% Amid Bullish Technical Signals And $178 Resistance Test

Nvidia (NVDA) closed at $176.67 in its most recent session, rising 0.24% and extending gains to 3.75% over a two-day advance. The stock's technical posture reflects a dynamic interplay between bullish momentum signals and emerging resistance barriers, as detailed in the following multi-indicator assessment.
Candlestick Theory
Recent price action reveals a bullish reversal pattern: a 2.62% down candle on 2025-09-17 ($168.41–$173.20) was followed by a 3.49% bullish engulfing candle ($172.96–$177.10) and a subsequent confirmation candle. Key resistance is established at $178.08 (September 19 high), while support converges at $172.96 (September 18 low) and $168.41 (September 17 trough). A decisive close above $178.08 would signal bullish continuation.
Moving Average Theory
The 50-day moving average (MA) near $173.5 and 100-day MA near $162.8 slope upward, reinforcing NVDA’s primary uptrend. The 200-day MA at $145.3 anchors long-term bullish structure. Current trading above all three MAs confirms the dominant trend, though proximity to the 50-day MA suggests it now acts as immediate support. The golden cross configuration (50 > 100 > 200) remains intact.
MACD & KDJ Indicators
MACD shows a bullish crossover emerging as the signal line converges with the MACD line near zero. KDJ’s %K (72) and %D (68) signal near-overbought conditions but retain upward trajectory. This momentum alignment suggests short-term upside potential, though KDJ’s approach toward overbought territory (J-line at 81) warrants vigilance for exhaustion.
Bollinger Bands
Price trades near the upper band ($178.2), compressing bands indicate tightening volatility—a common precursor to directional breakout. The bounce off the lower band ($170.5) on September 17 validated it as dynamic support. A sustained move above the 20-day moving average ($174.1) mid-band favors bullish bias.
Volume-Price Relationship
The 3.49% rally on September 18 saw 191.8M shares traded—moderately below the 211.8M volume during the prior down day. This divergence suggests cautious participation in the rebound. However, the latest session’s 237.2M volume with a marginal gain hints at distribution near resistance, potentially limiting near-term upside.
Relative Strength Index (RSI)
The 14-day RSI at 57 resides in neutral territory but angles upward from 45 a week prior. This recovery from near-oversold conditions (sub-50) bolsters bullish momentum. While avoiding overbought (>70) signals, RSI slope alignment with price recovery may support further gains. Traders should monitor resistance tests for potential bearish divergence.
Fibonacci Retracement
Applying Fib levels between the August 28 peak ($184.47) and September 17 low ($168.41) shows critical resistance at the 61.8% level ($178.2), coinciding with the September 19 high. The 38.2% level ($174.5) provided resistance during last week’s consolidation. Confluence between the 61.8% Fib and current price resistance ($178.08–178.2) creates a high-probability reversal zone if tested without catalyst.
Confluence and Divergence
Notable confluence exists at $172.5–173.5, where the 50-day MA, 38.2% Fib level, and Bollinger mid-band offer layered support. Bullish momentum confirmed by MACD crossover and RSI recovery is counterweighted by volume divergence during the rebound and resistance crowding at $178. A bearish divergence manifests in KDJ’s overextended position versus RSI’s neutral reading, suggesting pullback risk if $178 resistance holds.