NVDA Stock Forecast: Analyzing Trends with a Focus on US Stock Market Correlation.


The daily stock price of NVDA has been on an upward trend for the past 6 days; however, it entered a correction trend starting from October 12th. It appears that a correction trend will continue tomorrow, and there will be fluctuations in the overall trend for a while. In the short term, there will be limited fluctuations between rises and falls until early next week. Afterward, there might be a brief upward trend, followed by a continuation of the correction trend.

The overall trend is expected to be within a trading range. It shows about 72% similarity with the movement of the US stock market. Therefore, although the trend direction and timing might differ based on the index movement, it is anticipated that the US stock market will progress similarly. Hence, significant changes are not expected.


Oct 12, 2023

Closed price

469.45

0.30%

 

 

Appropriate Investment Position: Bullish-Buy [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a stronger LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

19%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like NVDA stock is poised for an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

-49%

HIGH ~ LOW % range tomorrow :

0.0%

-1.4%

Predicted Average loss over the next 3 days:

-4.0%

The price of NVDA stock moves in line with the rise and fall of the stock market index with a probability of

72%

 

, and conversely, it moves against the stock market index trend with a probability of

28%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

NVDA stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow an ascending rectangle pattern, with a ratio of 8 : 2 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is moderate. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Neutral' for now. The appropriate buying timing is predicted to be in 3 days.

The buying date is

Oct 16

to

Oct 17

A good price to buy a stock:

$ 459.64

And the appropriate selling timing is predicted to be in 5 days.

 

The selling date is

Oct 18

to

Oct 19

A good price to sell a stock:

$ 480.44

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Prediction the turning point of the trend

The probability of a trend reversal occurring Today and approximately 3 days from now, 5 days from now

45%

Prediction of Upper~Lower price range over the next 10 days

Price:

463.15

~

478.89

% Change:

-1.3%

~

2.0%

Median price between the upper and lower prices

471.02

0.3%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-16%

The Current trend zone & level%

Bullish

115%

The expected average trend zone & level% for the next 10 days

Bullish

84%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

44%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-43%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Correction trend

-49%

0.0%

-1.4%

In 2 days: Entering an uptrend

-50%

-0.1%

-1.9%

In 3 days: Entering an uptrend

-11%

0.7%

-0.6%

In 4 days: Uptrend

88%

3.2%

0.3%

In 5 days: Entering a correction trend

21%

1.0%

0.0%

In 6 days: Correction trend

-50%

0.1%

-1.7%

In 7 days: Correction trend

-50%

-0.2%

-1.8%

In 8 days: Correction trend

-50%

-0.2%

-1.4%

In 9 days: Entering an uptrend

6%

0.8%

-1.1%

In 10 days: Entering an uptrend

60%

1.9%

0.2%

Average closing price in case of rising:

 

2.5%

=> HIGH ~ LOW range:

3.3%

~

-0.6%

Average closing price in case of falling:

 

-0.6%

=> HIGH ~ LOW range:

1.8%

~

-1.8%

The 10-day prediction and technical analysis of NVDA stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

 

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