NVDA 2020-10-04 Technical Analysis and Forecast


NVDA Report

Sample Size: 21; Percent Error: 10%

Current Trend Performance

NVDA is -9.83% from monthly high, 23.04% from monthly low, 1.28% from 10 day simple moving average, 2.96% from 20 day simple moving average, and 7.26% from 50 day simple moving average.

Forecast Ranges

Day 1:
The highs are 540.55, the lows are 500.46, and the median is 520.5. 45.0% to decrease between -8.6% - 0%. 55.0% to increase between 0% - 8.6%.
Day 2:
The highs are 564.54, the lows are 496.72, and the median is 530.63. 38.1% to decrease between -8.6% - 0%. 61.9% to increase between 0% - 8.6%.
Day 3:
The highs are 555.2, the lows are 485.69, and the median is 520.45. 38.1% to decrease between -8.6% - 0%. 61.9% to increase between 0% - 8.6%.
Day 4:
The highs are 560.62, the lows are 490.69, and the median is 525.65. 33.33% to decrease between -8.6% - 0%. 66.67% to increase between 0% - 8.6%.
Day 5:
The highs are 563.62, the lows are 488.64, and the median is 526.13. 47.62% to decrease between -8.6% - 0%. 52.38% to increase between 0% - 8.6%.
Day 6:
The highs are 588.97, the lows are 466.25, and the median is 527.61. 4.76% to decrease between -17.2% - -8.6%. 33.33% to decrease between -8.6% - 0%. 57.14% to increase between 0% - 8.6%. 4.76% to increase between 8.6% - 17.2%.
Day 7:
The highs are 600.91, the lows are 477.18, and the median is 539.04. 4.76% to decrease between -17.2% - -8.6%. 28.57% to decrease between -8.6% - 0%. 57.14% to increase between 0% - 8.6%. 9.52% to increase between 8.6% - 17.2%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 477.56 and 501.09. There is possible resistance range between 546.03 and 567.42. Areas of uncertainty are beyond 456.05 and beyond 590.66. Minimum movement range is 8.6%.

Research conducted with Nforecast.

This is not a recommendation to buy, sell, or hold. This research is for educational, informational, and entertainment purposes. You should not construe any data or information presented by members on this blog or Nforecast LLC as investment, tax, legal, financial or other advice.