NVDA, enters monthly bullish trend. Expect Uptrend continuation

2020年10月2日

NVIDIA Corp (NVDA, $544.58) is predicted by Tickeron A.I.dvisor to grow by 4% to $566.36 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 86%. Current price $527.39 is above $510.77 the highest resistance line found by Tickeron A.I. Throughout the month of 08/31/20 - 10/01/20, the price experienced a +2% Uptrend. During the week of 09/24/20 - 10/01/20, the stock enjoyed a +10% Uptrend growth.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 24, 2020. You may want to consider a long position or call options on NVDA as a result. Tickeron AI detected that in 59 of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.

Following a +2.94% 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in 304 of 355 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.

The Aroon Indicator entered an Uptrend today. Tickeron AI detected that in 338 of 403 cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 84%.