NVDA. Weekly trend is undergoing a 'correction entry'/'correction trend', while the daily trend is progressing within the Bullish zone, hence the potential buying strength is gradually weakening or temporarily strong.
Weekly trend is undergoing a 'correction entry'/'correction trend', while the daily trend is progressing within the Bullish zone, hence the potential buying strength is gradually weakening or temporarily strong. In a 'daily uptrend', one can expect temporary strong rallies, whereas in a 'daily correction trend', there's a higher likelihood of a mild downward trend (price and time adjustment). As there's a high probability of entering Bearish territory in the near future, the current upward trend within the Bullish zone is likely temporary. It's advisable to gradually reduce exposure by selling during the uptrend.
Mar 27, 2024 | | | |
NVDA stock closing price | |||
902.5 | -2.50% | | |
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◆ [Long-term strategy] | |||
The current trend zone is Bullish. and Investment position suitable for the trend zone is Buy and Hold. | |||
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The trend within a Bullish zone is divided into an 'Uptrend' in the upward direction and a 'Correction Trend' in the downward direction. In the Uptrend, there is a strong upward flow with occasional downward movements, while in the Correction Trend, there is a fluctuating flow involving limited or temporary downward movements and upward fluctuations. Investing in this zone is associated with high expected returns and a low risk of decline. | |||
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In a Bullish zone, the potential for strong buying pressure is maintained, leading to a robust upward trend and a relatively mild correction trend. When viewed through a medium to long-term investment approach, if the trend continues to move in the Bullish zone, one can anticipate an upward flow of the bullish trend, seeking the potential for high returns. | |||
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This is a method of investing in the long term, enjoying investment returns by holding assets for an extended period rather than engaging in repetitive buying and selling based on price fluctuations. And when the trend enters a Bearish zone, it becomes the Selling point. | |||
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The likelihood of the trend entering the Bearish zone soon is high, necessitating consideration for a change in investment strategy at this point. | |||
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The 'Buy and Hold' position has been maintained for 6 days since the entry into the Bullish zone. During this period, the cumulative rate of | |||
return in the Bullish has been | 1.0% | as of the current date. | |
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Buying price | Current price | Difference | |
894.0 | 902.5 | 8.5 | |
Mar 19, 2024 | Mar 27, 2024 | 6 days | |
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◆ [Short-term strategy] | |||
Indicating that We are currently in a bullish zone so far. But It is likely to change to a bearish zone within a few days. | |||
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In a bullish zone, where buying intensity is potentially strong, anticipating significant upward movements is reasonable. Therefore, actively responding with aggressive buying at appropriate entry points in the short term is effective. During selling moments, a gradual and partial selling approach is recommended. This strategy allows for the exploration of opportunities to buy back at lower prices. | |||
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Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. and The Buy-Sell intensity had a stronger selling flow than a selling flow in a bullish zone. | |||
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A correction trend can be seen as a moment of pausing with either price or time adjustments within a strong upward momentum. The previously strong buying intensity temporarily transitions into a subdued state, and there is a temporary emergence of strong selling pressure in the flow. | |||
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It is expected that the overall trend movement over the next 10 days will follow a descending rectangle pattern, with a ratio of 9 : 1 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected intensity of the upward and downward movements, the downward intensity is somewhat higher, while the upward intensity is moderate. | |||
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A suitable investing position is 'Sell(Bearish)' for now. The appropriate buying timing is predicted to be in 2 days. | |||
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The buying date is | Mar 28 | to | Apr 01 |
A good price to buy a stock: | 905.1 | ||
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And the appropriate selling timing is predicted to be in 4 days. | |||
The selling date is | Apr 02 | to | Apr 03 |
A good price to sell a stock: | 934.1 | ||
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The price of NVDA stock moves in line with the rise and fall of | |||
the stock market index with a probability of | 71% | , and | |
Conversely, it moves against the stock market index trend | |||
with a probability of | 29% | | |
The correlation level with the US stock market being moderate, there is a possibility of moving somewhat similarly to the trends in the US market, but there is also a sufficient chance of moving in the opposite direction. | |||
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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. | |||
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- Volatility of Prediction | |||
Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile. | |||
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- Predicting the Turning Point of the Trend | |||
The probability of a trend reversal occurring approximately 4 days from now, 6 days from now | | ||
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- Prediction of Upper~Lower price range over the next 10 days | |||
Price: | 874.0 | ~ | 925.9 |
% Change: | -3.2% | ~ | 2.6% |
Median price between the upper and lower | 900.0 | -0.3% | |
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- Analysis of the trend zone & level% and average intensity of trends | |||
For the last 30 days, the average trend zone & level% | Bullish | 24% | |
The Current trend zone & level% | Bullish | 21% | |
The expected average trend zone & level% for the next 10 days | Bearish | -81% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward intensity of | 38% | (Max 100%) | |
And if it moves downward, it is expected to have a downward intensity of | -64% | (Min -100%) | |
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- Average closing price in case of rising: | | 2.5% | |
=> HIGH ~ LOW range: | 3.4% | ~ | -0.2% |
- Average closing price in case of falling: | | -1.5% | |
=> HIGH ~ LOW range: | 1.4% | ~ | -2.1% |
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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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