Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Friday, October 14, 2022, and so far it has risen 17.74%. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. On a fall, the stock will find some support from the long-term average at approximately $126.11. On further gains, the stock will meet resistance from the short-term moving average at approximately $133.47.

Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. The company's partnership with almost all major cloud service providers (CSPs) and server vendors is a key catalyst.The NVIDIA stock holds a sell signal from the short-term moving average at the same time, however, there is a buy signal from the long-term average. The company's GPU platforms are playing a major role in developing multi-billion-dollar end-markets like robotics and self-driving vehicles.NVIDIA is a dominant name in the Data Center, professional visualization and gaming markets where Intel and Advanced Micro Devices are playing a catch-up role. Over the years, the company's focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.NVIDIA's GPU success can be attributed to its parallel processing capabilities supported by thousands of computing cores, which are necessary to run deep learning algorithms. NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU.

NVIDIA Historical Annual Stock Price Data

Nyse nvda