$NVDA Nvidia's Meteoric Rise: A Record High and a Staggering $1.2 Trillion Market Cap
The financial world was abuzz as Nvidia Corp., a behemoth in the tech sector, achieved a significant milestone that many companies can only dream of. On a notable Tuesday, Nvidia's stock valuation soared, marking its entry into the elite club of companies boasting a market capitalization of $1.2 trillion.
A Glimpse of the Rally: Nvidia (NVDA) shares showcased an impressive performance on Tuesday, with the stock rallying up to 5%, touching an intraday pinnacle of $490.81. The closing bell saw the stock settling at $487.84, marking a 4.2% surge. To contextualize this growth, the S&P 500 index (SPX) itself rose by 1.5% on the same day. Just a week prior, Nvidia's shares breached the coveted $500 mark, further cementing its dominance in the market.
The RSI Oscillator's Insightful Tale: One of the key metrics closely watched by traders and analysts alike is the Relative Strength Index (RSI) Oscillator. For Nvidia, this indicator recently painted a promising picture. On August 14, 2023, the RSI for Nvidia ascended from its oversold position, suggesting a potential shift in the stock's momentum - from a downward to an upward trend.
This movement out of the oversold territory is often seen as a bullish signal, prompting traders to consider buying the stock or opting for call options. Supporting this inclination is the A.I.dvisor's analysis which reviewed 20 similar historical instances of the RSI exiting the oversold zone for NVDA. In an overwhelming 19 out of those 20 cases, the stock witnessed upward movement. This implies a staggering 90% probability of the stock continuing its upward trajectory.
Implications and Forward Look: Nvidia's record high closing and the astounding market cap of $1.2 trillion is not just a testament to its robust fundamentals and strategic initiatives but also an indication of the market's bullish sentiment towards tech giants. With the RSI indicating a likely upward trend and the stock's recent performances, investors and traders alike might be observing Nvidia even more closely.
For those with stakes in Nvidia or contemplating an entry, the momentum seems promising. However, as with any investment, it is crucial to marry technical indicators with comprehensive research and market analysis to make informed decisions.
The journey of Nvidia's stock, reaching unparalleled heights, serves as an inspiring narrative in the financial landscape. While the future is always uncertain, current indicators and market sentiment hint at a positive path forward for this tech giant.
NVDA in +1.58% Uptrend, advancing for three consecutive days on September 14, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NVDA advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NVDA turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
NVDA moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for NVDA crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NVDA broke above its upper Bollinger Band on August 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for NVDA entered a downward trend on August 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NVDA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NVDA's P/B Ratio (37.313) is slightly higher than the industry average of (7.929). P/E Ratio (101.010) is within average values for comparable stocks, (53.587). Projected Growth (PEG Ratio) (1.318) is also within normal values, averaging (2.336). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (31.746) is also within normal values, averaging (72.527).
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of computer graphics processors, chipsets, and related multimedia software
Industry Semiconductors
NVDA and
Correlation & Price change
A.I.dvisor indicates that over the last year, NVDA has been closely correlated with AMD. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if NVDA jumps, then AMD could also see price increases.
| Ticker / NAME | Correlation To NVDA | 1D Price Change % | ||
|---|---|---|---|---|
| NVDA | 100% | +1.47% | ||
| AMD - NVDA | 82% Closely correlated | +1.23% | ||
| AOSL - NVDA | 78% Closely correlated | -0.64% | ||
| ASML - NVDA | 77% Closely correlated | -0.17% | ||
| MPWR - NVDA | 75% Closely correlated | +0.86% | ||
| MRVL - NVDA | 73% Closely correlated | +0.63% | ||
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