Watch These Nvidia Price Levels as Stock Continues Rising After CEO's Keynote Speech

Nvidia's (NVDA) stock has been on a tear following CEO Jensen Huang's keynote speech at CES 2025, with investors eagerly awaiting the company's latest announcements. As the stock continues to rise, investors should keep an eye on key price levels to capitalize on the momentum. Here's a closer look at the critical price levels to monitor and the potential impact of Huang's announcements on Nvidia's stock trajectory.



Key Overhead Areas to Watch
The first immediate overhead area to watch sits around $150. While the price has traded above this key level on multiple occasions since early November, it has failed to decisively close above it. To project a potential price target above the stock's all-time high (ATH), we can use the bars pattern tool. This analysis forecasts a target of around $225, about 50% above Monday's closing price. We selected the prior trend because it began from the lower trendline of an earlier descending channel on the chart, closely replicating how the current move higher has started.

Major Support Levels to Observe
During pullbacks, investors should initially watch the $140 level. Those who prefer not to chase breakouts may look for entry points in this area near the descending channel's top trendline, which also closely aligns with the stock's prominent June peak. Finally, the bulls' inability to defend this area could see Nvidia shares retrace to around $130, a location on the chart where the may find support near the August swing high and December swing low.



Analysts' Price Targets and Ratings
Analysts' price targets and ratings align with the identified price levels, providing valuable insights into Nvidia's stock potential. The average price target of $167.85 is close to the projected target of $225, derived from the bars pattern tool, indicating a potential upside of around 50% from Monday's closing price. The consensus rating of "Strong Buy" from 41 analysts suggests a bullish outlook, with 21 analysts rating the stock a "Strong Buy" and 18 analysts rating it a "Buy". This consensus aligns with the key overhead areas to watch, such as $150 and $225, and the major support levels near $140 and $130. The analysts' consensus indicates a strong bullish sentiment, with expectations of continued growth and a potential breakout above the current price levels.

Potential Impact of CEO's Announcements
Based on historical trends, Nvidia's CEO Jensen Huang's keynote speeches often drive significant stock price movements. Positive announcements or comments from Huang during the CES 2025 keynote could potentially boost Nvidia's stock price in the short term. However, the long-term trajectory depends on the actual execution and delivery of the announced products and technologies. If the announcements align with market expectations and Nvidia successfully delivers on its promises, the stock price could maintain an upward trajectory. Conversely, any disappointments or delays could lead to a pullback in the stock price.

In conclusion, investors should monitor key overhead areas around $150 and $225, as well as major support levels near $140 and $130, to capitalize on Nvidia's continued ascent following the CEO's keynote speech. While analysts' price targets and ratings suggest a bullish outlook, investors should remain cautious and keep an eye on the potential impact of Huang's announcements on the stock's trajectory.