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NVIDIA Looks Bullish Despite Semiconductor Sector Volatility - Technical Indicators Point to Continued Upward Momentum

Author
Quiet. Please
Published
Tue 12 Nov 2024
Episode Link
https://www.spreaker.com/episode/nvidia-looks-bullish-despite-semiconductor-sector-volatility-technical-indicators-point-to-continued-upward-momentum--62703246

**Nvidia (NVDA) Analysis**

1. **Current Price and Intraday Range**: The current price of NVDA is $145.26, with a day range of $143.57 to $148.85[3].

2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is provided in the sources.

3. **Trading Volume vs Average**: The trading volume is 301.2 million, slightly below the average volume of 328.3 million[1].

4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours mentioned in the sources.

5. **Major Analyst Updates or Price Target Changes**: No recent analyst updates or price target changes are mentioned in the sources.

6. **Options Flow Activity**: No options flow activity data is provided in the sources.

7. **Related Semiconductor/AI Sector News**: The semiconductor sector is generally performing well, with companies like Broadcom and Texas Instruments showing strong market caps[1].

8. **Key Technical Indicators for Day Trading**:
- **Moving Averages**: The 5-day moving average is $141.04, with a price change of +15.45 (+11.64%)[5].
- **Stochastic Indicators**: The 9-day stochastic %K is 85.17%, and %D is 63.50%, indicating a strong bullish trend[5].
- **Relative Strength**: The 9-day relative strength is 70.61%, indicating a strong upward momentum[5].

**Market Sentiment**: The overall market sentiment for NVDA is bullish, with a strong upward trend in the short term. The stock has seen significant gains in the past month, with a 15.24% increase[4]. The technical indicators suggest that the stock may continue to rise, but caution is advised due to the high volatility in the semiconductor sector.

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