NVDA's Market Neutral Strategy: 17.15% Rise in Choppy Markets
Market Neutral Strategy Shines: Choppy Market Trader and Popular Stocks Thrive with 17.15% for NVDA
In today's global financial ecosystem, the market-neutral strategy of the Choppy Market Trader is standing out. This approach leverages both Technical Analysis (TA) and Fundamental Analysis (FA) for popular stocks such as NVDA, which have seen an impressive yield of 17.15%.
NVDA's Bullish Trend Analysis
NVDA, which experienced a +3.90% 3-day advance, is projected to keep this upward momentum. Historical data suggests a high likelihood of continued growth, with the price increasing further within the following month in 294 out of 352 similar cases - an 84% probability.
In parallel, the Aroon Indicator for NVDA entered an uptrend today. This transition further solidifies the forecast for sustained growth. Past records reveal that in 300 of 354 instances when NVDA's Aroon Indicator switched to an uptrend, the price climbed even higher within the next month, affirming an 85% probability of a persistent uptrend.
NVDA’s Stellar Fundamental Analysis Ratings
The Fear & Greed factor comes into play when we look at the Tickeron Price Growth Rating for NVDA. With a rating of 1 (where 1 is best and 100 is worst), NVDA stands out with exceptional price growth. The past 12 months reveal that NVDA's price has grown at a higher rate compared to the constituents of the S&P 500 index.
In addition, the Tickeron PE Growth Rating for NVDA is 4 (again, 1 being the best and 100 the worst), indicating exceptional earnings growth. This rating is derived from a comparative analysis of the stock's PE ratio increase over the last 12 months against the constituents of the S&P 500 index.
The market-neutral strategy adopted by Choppy Market Trader is proving to be efficient, especially for popular stocks like NVDA. The company's impressive price and earnings growth performance, coupled with the promising trend analysis data, all point to a sustained upward trajectory, free from the influence of broader market fluctuations.
Aroon Indicator for NVDA shows an upward move is likely
NVDA's Aroon Indicator triggered a bullish signal on October 28, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 371 similar instances where the Aroon Indicator showed a similar pattern. In of the 371 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
NVDA moved above its 50-day moving average on September 23, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NVDA crossed bullishly above the 50-day moving average on September 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 369 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for NVDA moved out of overbought territory on October 23, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 October 08, 2024. 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 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 67, 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 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 (51.282) is very high in comparison to the industry average of (7.487). P/E Ratio (56.934) is within average values for comparable stocks, (58.779). Projected Growth (PEG Ratio) (1.306) is also within normal values, averaging (2.825). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.020). P/S Ratio (31.447) is also within normal values, averaging (43.322).
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General Information
a manufacturer of computer graphics processors, chipsets, and related multimedia software
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