Nvidia Stock Price Levels to Watch Amid Hidden Bullish Divergence Indicators
Nvidia Stock Price Levels to Watch
Nvidia stock price levels to watch are crucial as hidden bullish divergence appears among technical indicators. As investors anticipate the upcoming earnings report set for August 28, the stock closed at $129 with a recent gain of nearly 5%. Analysts are highlighting key levels, including $100 as a critical support and $120 as a resistance level likely to confirm a bullish scenario.
Key Technical Indicators
According to CyclesFan, a notable analysis from social media suggests Nvidia may be at an inflection point. The True Strength Indicator (TSI) shows hidden bullish divergence—a situation where the indicator presents lower highs while the stock price reveals higher lows. This suggests underlying strength and hints at a potential upward trend if the TSI crosses upward.
- Support Level: $100
- Resistance Level: $120
- Upper Bollinger Band: $143.55
- Projected EPS: $0.64
- Estimated Revenue: $28.71 billion
As Nvidia attempts to stabilize after volatility, eyes will be on the earnings report and how AI chip clients are performing, with some analysts suggesting a price target of $150.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.