{"id":127460,"date":"2024-11-19T01:21:56","date_gmt":"2024-11-18T18:21:56","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=127460"},"modified":"2024-11-19T01:21:56","modified_gmt":"2024-11-18T18:21:56","slug":"nvidia-stock-price-levels-to-watch-as-earnings-report-looms","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=127460","title":{"rendered":"Nvidia Stock Price Levels to Watch as Earnings Report Looms"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"mntl-sc-page_1-0\" data-sc-sticky-offset=\"80\" data-sc-ad-label-height=\"0\" data-sc-ad-track-spacing=\"90\" data-sc-min-track-height=\"250\" data-sc-max-track-height=\"600\" data-sc-breakpoint=\"50em\" data-sc-load-immediate=\"1\" data-sc-content-positions=\"[300, 1, 1, 1250, 1, 1, 1, 1]\" data-bind-scroll-on-start=\"true\">\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-callout mntl-block\">\n<div id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-block mntl-sc-block-callout mntl-block theme-whatyouneedtoknow\" data-tracking-id=\"mntl-sc-block-callout\" data-tracking-container=\"true\">\n<h3 id=\"mntl-sc-block-callout-heading_1-0\" class=\"comp mntl-sc-block-callout-heading mntl-text-block\">Key Takeaways<\/h3>\n<div id=\"mntl-sc-block-callout-body_1-0\" class=\"comp mntl-sc-block-callout-body mntl-text-block\">\n<ul>\n<li>Nvidia shares are in the spotlight ahead of the AI darling\u2019s quarterly results later this week and following a report that the company\u2019s next-generation Blackwell chips have encountered issues overheating in servers.<\/li>\n<li>The stock has hit new record highs this month, but trading volumes have continued to decrease, indicating a lack of buying participation from larger market participants.<\/li>\n<li>Investors should watch key support levels on Nvidia&#8217;s chart around $97, $76, and $48, while monitoring a bars pattern price target near $270.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nvidia (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=nvda\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">NVDA<\/a>) shares are in the spotlight Monday ahead of the <a href=\"https:\/\/www.investopedia.com\/how-to-invest-in-ai-7504987\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">artificial intelligence (AI)<\/a> darling\u2019s <a href=\"https:\/\/www.investopedia.com\/nvidia-q3-fy-2025-earnings-preview-8746378\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">quarterly results<\/a> later this week and following a report that said the company\u2019s next-generation AI chips have encountered issues overheating in servers.\n<\/p>\n<p id=\"mntl-sc-block_5-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The AI <a href=\"https:\/\/www.investopedia.com\/how-nvidia-makes-money-4799532#:~:text=Data%20center%20revenue%20was%20a,Q4%20and%20up%2045%25%20YOY.\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">chipmaker<\/a>, which is due to release its results after the closing bell on Wednesday, is <a href=\"https:\/\/www.investopedia.com\/nvidia-q3-fy-2025-earnings-preview-8746378\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">expected to announce<\/a> that both revenue and profit grew more than 80% from a year ago, according to analysts&#8217; consensus estimates. Investors will also be watching for updates on Nvidia&#8217;s Blackwell AI chip shipments, amid concerns that supply constraints could limit the upside of the company&#8217;s near-term outlook.\n<\/p>\n<p id=\"mntl-sc-block_7-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Blackwell chips could also come under further scrutiny after<em> The Information<\/em> reported on Sunday that they have encountered overheating problems when placed in server racks designed to hold up to 72 <a href=\"https:\/\/www.investopedia.com\/terms\/g\/graphics-processing-unit-gpu.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">graphics processing unit (GPUs)<\/a>.<span class=\"ql-inline-citation\" data-cite=\"1\"\/>\n<\/p>\n<p id=\"mntl-sc-block_9-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nvidia shares were down 0.7% at $141 in late-morning trading Monday, after falling more than 3% earlier in the session. The stock price has nearly tripled since the start of 2024.\n<\/p>\n<p id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Below, we break down the <a href=\"https:\/\/www.investopedia.com\/terms\/t\/technicalanalysis.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technicals<\/a> on Nvidia\u2019s <a href=\"https:\/\/www.investopedia.com\/terms\/w\/weeklychart.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">weekly chart<\/a> to identify key price levels other investors may be watching.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-slowing-buying-momentum\"\/><\/p>\n<h2 id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Slowing Buying Momentum <\/span> <\/h2>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> After hitting their June <a href=\"https:\/\/www.investopedia.com\/trading\/peak-and-trough-analysis\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">peak<\/a>, Nvidia shares traded within a <a href=\"https:\/\/www.investopedia.com\/terms\/s\/symmetricaltriangle.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">symmetrical triangle<\/a> before breaking out above the pattern last month.\n<\/p>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> However, since that time, the stock has gone on make new highs, but <a href=\"https:\/\/www.investopedia.com\/ask\/answers\/041015\/why-trading-volume-important-investors.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">trading volumes<\/a> have continued to decrease, indicating a lack of buying participation from larger market participants.\n<\/p>\n<p id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Moreover, as the stock has made higher peaks since March, the <a href=\"https:\/\/www.investopedia.com\/terms\/r\/rsi.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">relative strength index (RSI)<\/a> has formed comparatively shallower peaks to create a bearish <a href=\"https:\/\/www.investopedia.com\/terms\/d\/divergence.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">divergence<\/a>, a chart signal that points to slowing buying momentum.\n<\/p>\n<p id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Let\u2019s take a look at three key <a href=\"https:\/\/www.investopedia.com\/terms\/s\/support.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">support levels<\/a> on Nvidia\u2019s chart and use technical analysis to project a bullish <a href=\"https:\/\/www.investopedia.com\/terms\/p\/pricetarget.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">price target<\/a>.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-key-support-levels-to-watch\"\/><\/p>\n<h2 id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Key Support Levels to Watch <\/span> <\/h2>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> A <a href=\"https:\/\/www.investopedia.com\/terms\/b\/breakdown.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">breakdown<\/a> below the symmetrical triangle could see the shares initially revisit support around $97, a location on the chart where investors may look for buying opportunities near the March peak, which closely aligns with the early-August low.\n<\/p>\n<p id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Selling below this level opens the door for a <a href=\"https:\/\/www.investopedia.com\/terms\/r\/retracement.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">retracement<\/a> down to the $76 level, an area on the chart where the stock could encounter support from the mid-April <a href=\"https:\/\/www.investopedia.com\/articles\/active-trading\/020415\/top-strategies-mastering-pullback-trading.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">pullback<\/a> low.\n<\/p>\n<p id=\"mntl-sc-block_27-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> A <a href=\"https:\/\/www.investopedia.com\/terms\/t\/technical_correction.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technical correction<\/a> in the stock could bring the $48 level into play. This area, which sits about 66% below Friday\u2019s closing price, would likely attract bargain hunters near a range of narrow <a href=\"https:\/\/www.investopedia.com\/terms\/c\/consolidation.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">consolidation<\/a> that formed on the chart between July 2023 and January.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-bars-pattern-price-target-to-monitor\"\/><\/p>\n<h2 id=\"mntl-sc-block_29-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Bars Pattern Price Target to Monitor <\/span> <\/h2>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> If the AI investor favorite&#8217;s shares continue to track higher, we can project a potential bullish target by using a bars pattern, a technique that analyzes prior <a href=\"https:\/\/www.investopedia.com\/articles\/technical\/03\/060303.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">trends<\/a> to predict future price moves.\n<\/p>\n<p id=\"mntl-sc-block_32-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> When applying the tool to Nvidia\u2019s chart, we extract the stock\u2019s trending move from January to June and reposition it from last month\u2019s symmetrical triangle breakout point. This projects a bullish target of around $270, a location where investors may decide to <a href=\"https:\/\/www.investopedia.com\/terms\/l\/lock_in_profits.asp#:~:text=off%20the%20table.-,Understanding%20Lock%20in%20Profits,divided%20equally%20among%20five%20funds.\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">lock in profits<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_34-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> We selected this prior move because it commenced following a breakout from a consolation period, similar to how the current move higher has started and may play out if price history rhymes.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_36-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our\u00a0<a href=\"https:\/\/www.investopedia.com\/legal-4768893#toc-warranty-and-liability-disclaimer\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">warranty and liability disclaimer<\/a>\u00a0for more info.<\/em>\n<\/p>\n<p id=\"mntl-sc-block_38-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>As of the date this article was written, the author does not own any of the above securities.<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/nvidia-stock-price-levels-to-watch-as-earnings-report-looms-8746934\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia shares are in the spotlight ahead of the AI darling\u2019s quarterly results later this week and following a report that the company\u2019s next-generation Blackwell chips have encountered &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=127460\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-127460","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127460"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127460\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}