Nvidia Stocks Are Facing Severe Sell-Off Pressure

Wednesday, 4 September 2024, 12:49

Nvidia stocks have faced significant losses recently, prompting questions about when the sell-off will end. With mounting challenges, including a Department of Justice subpoena, NVDA shares have dropped sharply. Investors are concerned about the future direction of Nvidia stocks as they continue to trend downward.
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Nvidia Stocks Are Facing Severe Sell-Off Pressure

Nvidia Stocks Face Increased Selling Pressure

Nvidia stocks have undergone a significant sell-off, losing over 13.65% of their value since the August 28 earnings report. After a staggering $279 billion loss on September 3, shares are now set to continue the downward trend.

Technical Analysis of Nvidia Stocks

Currently priced at $108, Nvidia must surpass the resistance zone at $108.77 to reverse this troubling trend. Recent fluctuations demonstrate that NVDA is trading below its 50, 100, and 200-day simple moving averages. Furthermore, the relative strength indicator (RSI) at 23.76 shows oversold conditions, complicating the outlook.

Impact of Insider Trades on Nvidia Stocks

The ongoing trend of insider sales, particularly by CEO Jensen Huang, further complicates matters. Huang's recent shares sold have generated significant capital but have incurred a net worth decline of $10 billion following the recent plunge. The persistence of insider selling could lead to more pressure on Nvidia stocks.

Looking Ahead for Nvidia Stocks

While historical trends show Nvidia stocks can rebound from losses, current challenges raise crucial questions about future performance. The trading community remains vigilant as they ponder the potential recovery of NVDA stocks.


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.


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