NVDA 2020-10-06 Technical Analysis and Forecast


NVDA Report

Sample Size: 8; Percent Error: 5%

Current Trend Performance

NVDA is -4.44% from monthly high, 26.26% from monthly low, 4.7% from 10 day simple moving average, 7.08% from 20 day simple moving average, and 11.56% from 50 day simple moving average.

Forecast Ranges

Day 1:
The highs are 558.75, the lows are 546.6, and the median is 552.67. 42.86% to decrease between -5.84% - 0%. 57.14% to increase between 0% - 5.84%.
Day 2:
The highs are 568.5, the lows are 537.59, and the median is 553.05. 37.5% to decrease between -5.84% - 0%. 62.5% to increase between 0% - 5.84%.
Day 3:
The highs are 585.39, the lows are 534.73, and the median is 560.06. 25.0% to decrease between -5.84% - 0%. 62.5% to increase between 0% - 5.84%. 12.5% to increase between 5.84% - 11.68%.
Day 4:
The highs are 590.22, the lows are 529.75, and the median is 559.99. 25.0% to decrease between -5.84% - 0%. 62.5% to increase between 0% - 5.84%. 12.5% to increase between 5.84% - 11.68%.
Day 5:
The highs are 592.19, the lows are 523.82, and the median is 558.01. 25.0% to decrease between -5.84% - 0%. 50.0% to increase between 0% - 5.84%. 25.0% to increase between 5.84% - 11.68%.
Day 6:
The highs are 599.95, the lows are 509.78, and the median is 554.87. 12.5% to decrease between -11.68% - -5.84%. 12.5% to decrease between -5.84% - 0%. 62.5% to increase between 0% - 5.84%. 12.5% to increase between 5.84% - 11.68%.
Day 7:
The highs are 606.14, the lows are 517.22, and the median is 561.68. 12.5% to decrease between -11.68% - -5.84%. 25.0% to decrease between -5.84% - 0%. 50.0% to increase between 0% - 5.84%. 12.5% to increase between 5.84% - 11.68%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 517.37 and 541.44. There is possible resistance range between 573.53 and 581.55. Areas of uncertainty are beyond 494.71 and beyond 590.04. Minimum movement range is 5.84%.

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.