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Nvidia Stock Gains 2.71% Pre-Market – What’s Next After Earnings? Technical Analysis!

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Nvidia (NVDA) Technical Analysis: Key Levels and Market Outlook

Nvidia (NVDA) remains in the spotlight as it approaches its upcoming earnings report after market close. With significant volatility expected, traders are closely watching technical levels for potential trading opportunities.

As of writing, NVDA is trading at $130.06 in pre-market action, marking a +2.71% gain from its previous close of $126.63. This reflects cautious optimism ahead of the earnings release.

Technical Breakdown

◆ Price Action & Key Levels
NVDA is maintaining its long-term uptrend, though recent pullbacks suggest a phase of consolidation. The nearest support level is around $124, which aligns with recent price action lows. A breakdown below this level could lead to further declines. On the upside, resistance is seen at $140, a level NVDA needs to clear for bullish continuation. A breakout above this could trigger further momentum-driven buying.

◆ Stochastic RSI Signal
The Stochastic RSI currently sits at 35.84, indicating that NVDA is approaching oversold conditions. While not a definitive buy signal, this suggests a potential for a short-term rebound if buying pressure increases.

◆ MACD Momentum
The MACD histogram is currently negative, with the MACD line at 0.1061 and the signal line at 0.1775, indicating bearish momentum. A bullish crossover could serve as an early signal for trend reversal, but traders should wait for confirmation before making directional bets.

Trading Perspective: Short vs. Long-Term Trends

  •  Near-Term Market Sentiment
In the short term, NVDA faces resistance at $140, with current momentum appearing weak. A breakout above this level could trigger further buying, while a failure to hold $124 support may lead to further declines. The upcoming earnings report will likely dictate the next move, making it a crucial event for short-term traders.

  • Big-Picture Investment Outlook
For long-term investors, NVDA remains in a broader uptrend, supported by strong fundamentals, AI-driven growth, and continued demand for its chips. While short-term volatility is expected, pullbacks could present buying opportunities for those with a longer investment horizon.

Upcoming Events to Watch

Beyond NVDA earnings, traders should keep an eye on key economic data releases this week, including:

  • New Home Sales
  • US GDP Report
  • PCE Inflation Data

These macroeconomic indicators could impact broader market sentiment and indirectly influence NVDA’s stock movement.


Disclaimer

This analysis is for informational purposes only and should not be considered financial advice. Traders should conduct their own research before making investment decisions.




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